Saudi Aramco | Egypt Oil & Gas - Part 14

Aramco, Sempra Sign 20-Year LNG Agreement

Saudi Aramco Services Company, a subsidiary of Saudi Aramco, and Sempra LNG, Sempra Energy’s subsidiary, inked heads of agreement (HoA), according to a company press release on May 22. It is expected that under the Ho...

Saudi Arabia to Raise Oil Shipments to India

Saudi Arabia may increase its crude oil market share through the Indian market, especially after the US sanctions on Iran, TradeArabia reported. Saudi Aramco will ship an additional 2 million barrels per month to Indi...

Aramco Resumes Pipeline Oil Pumping After Drone Attack

Saudi Aramco has resumed oil pumping through the East-West pipeline after it was temporarily closed because of drone attacks, according to a source familiar with the matter, Reuters reported. Two pump stations on the ...

Aramco to Boost Oil Supply to Europe

Saudi Aramco plans to expand its trading operations in Europe by increasing oil supply by 300,000 barrels per day (b/d) over the next two years, according to a senior company executive. “I am going to bet on Europe...

Aramco to Acquire Shell’s Stake in SASREF

Saudi Aramco plans to purchase Royal Dutch Shell’s stake in the Saudi Aramco Shell Refinery (SASREF), according to Reuters. A deal has been reportedly reached between the Saudi oil giant and Shell, which owns 50% of t...

Aramco to Buy a $1.2 B Stake in Hyundai Oilbank

Saudi Aramco has agreed to purchase a . 2 billion stake in South Korean oil refiner Hyundai Oilbank, Reuters reported. Hyundai Heavy Industries Holdings signed a deal with Aramco for some of Oilbank’s shares. The deal...

Aramco Trading, PKN Orlen Ink Oil Supply Agreement

Aramco Trading, a subsidiary of Saudi Aramco, has inked a supply oil agreement with PKN Orlen, Poland’s leading refiner, Gulf Business reported citing Reuters. Under the supply agreement, Aramco will supply the refine...

Aramco Sets Bond Issuance Pricing at $12 B

Saudi Aramco has priced its $12 billion offering in the company’s first international bond issuance, Pipeline Oil and Gas Magazine reported. The offering is expected to be closed on April 16 and is subject to cu...

Aramco Increases May Light Crude Price

Saudi Aramco has increased the price for its Arab Light Crude to Northwest Europe in May by $1.10 per barrel, up from a discount of $0.80 in April to ICE Brent, Reuters reported. Aramco has increased the May price for...

Aramco’s Crude Oil Distributions Rise by 2.3% in 2018

Saudi Aramco’s crude oil distributions increased by around 235,000 barrels per day (b/d), which represent around a 2.3% increase year-on-year (YOY) during 2018, Zawya reported citing Mubasher. Aramco’s distributions o...

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