Aramco to Acquire Shell’s Stake in SASREF
A deal is reportedly in place between the two oil giants who share the ownership of the refining complex.
Saudi Aramco | Egypt Oil & Gas - Part 14
Aramco to Buy a $1.2 B Stake in Hyundai Oilbank
Saudi Aramco has agreed to purchase $1.2 billion stake in South Korean oil refiner Hyundai Oilbank.
Aramco Trading, PKN Orlen Ink Oil Supply Agreement
Under the supply agreement, Aramco will supply the refinery with its Arabian crude oil in exchange for a similar volume of high sulfur fuel oil from the refiner.
Aramco Sets Bond Issuance Pricing at $12 B
Saudi Aramco has priced its inaugural international bond issuance at $12 billion
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.
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.
Aramco to Finalize SABIC’s Acquisition Deal by 2020
Aramco announced on March 27 acquiring the 70% stake in SABIC for $69.1 billion to develop Aramco’s downstream growth plans.
Ghawar’s Field Production Reaches 58 B boe in 2018
The largest oil field in the world, Saudi Aramco’s Ghawar field, reached a production capacity of around 58 billion barrels of oil equivalent (boe) in combined reserves and 48.3 billion in liquid reserves.
SABIC to Proceed with its Growth Plans
The company’s plans will not be affected by the 70% stake purchased by Saudi Aramco for around $69.1 billion.
Aramco to Issue $10 B Bonds
As the world largest oil firm, this move is seen as an indicator of how well the company operates, with its only debt issuance so far.
