Saudi Arabia, Bahrain Open New Pipeline

• Tuesday, 27th November 2018
• by Editorial Team

Saudi Crown Mohammed bin Salman and Bahraini King Hamad bin Isa Al Khalifa opened a new oil pipeline connecting facilities in the two countries on November 26, Reuters reported. The oil pipeline is set to connect the ...

Saudi Aramco to Sign 30 Deals at Supplier Conference: Executive

• Monday, 26th November 2018
• by Editorial Team

Saudi Aramco will sign 30 deals with local and foreign companies worth about $25 billion during the in-Kingdom Total Value Add (iktva) event, a company executive has said, according to Reuters. The slew of agreements ...

Saudi Aramco, ADNOC Sign Strategic Gas Agreement

• Wednesday, 14th November 2018
• by Editorial Team

Saudi Aramco and Abu Dhabi National Oil Company (ADNOC) signed on November 14 a strategic agreement for collaboration opportunities in the natural gas and liquefied natural gas (LNG) sector, Saudi Aramco announced in ...

Saudi Aramco IPO will ‘Certainly’ Happen: CEO

• Tuesday, 13th November 2018
• by Editorial Team

Saudi Aramco chief executive Amin Nasser has said that the delayed initial public offering (IPO) of the state oil giant will “certainly” happen when conditions are right, Reuters reported. Saudi Aramco is still in tal...

Saudi Aramco Agrees 2019 Supply Deal with China’s Hengli Petchem

• Sunday, 11th November 2018
• by Editorial Team

Saudi Aramco has agreed to supply 130,000 barrels per day (b/d) of crude to private Chinese chemical group Hengli Petchem for 2019, Aramco’s second major marketing alliance with a private Chinese refiner, Reuters repo...

ADNOC, Saudi Aramco to Sign Agreement at Adipec

• Sunday, 11th November 2018
• by Editorial Team

Abu Dhabi National Oil Company (ADNOC) and Saudi Aramco will sign an agreement at the Abu Dhabi International Petroleum Exhibition and Conference (Adipec) in Abu Dhabi on November 13, The National reported. The event ...

PetroChina Signs Supply Agreements with Saudi Aramco and KPC

• Wednesday, 7th November 2018
• by Editorial Team

PetroChina signed crude supply agreements for 2019 with Saudi Aramco and Kuwait Petroleum Corporation (KPC) at the China International Import Expo in Shanghai, Reuters reported. The supply volumes weren’t publicized b...

Saudi Aramco, Sabic to Build Petrochemical Complex in Yanbu

• Sunday, 4th November 2018
• by Editorial Team

State oil giant Saudi Aramco and petrochemicals company Saudi Basic Industries Corp (SABIC) will build a new integrated industrial petrochemicals complex in the port city of Yanbu on the Red Sea coast, Reuters reporte...

Aramco May Cut Asia-Bound Crude Prices

• Wednesday, 31st October 2018
• by Editorial Team

Saudi Aramco could decrease the official selling price (OSP) differentials of crude oil bound for Asia in December, traders told S&P Global. The decrease in Asia’s selling prices is because of Dubai’s weak crude o...

SABIC Posts $1.6B Q3 Net Profit

• Monday, 29th October 2018
• by Editorial Team

Saudi Basic Industries Corp (SABIC) has announced a net profit of $1.6 billion in Q3 2018 on the back of rising average prices and sales, Pipeline Oil and Gas Magazine reported. Profits rose 5.4% from the $1.5 billion...