Saudi Aramco | Egypt Oil & Gas - Part 19
Saudi Aramco Signs 15 Deals Worth $34 B
Saudi Aramco announced that it has signed 15 preliminary deals and strategic and commercial collaborations worth more than $34 billion, the company said in a press release. The memoranda of understanding (MoU) are all...
Saudi Aramco to Buy Stake in Zhejiang Petrochemical Refinery
Saudi Aramco plans to purchase a stake in a new refinery being built by Zhejiang Petrochemical, Aramco’s senior vice president of downstream, Abdulaziz al-Judaimi, told Reuters on October 18. Aramco expects to s...
Yanbu South Terminal Upgrade Boosts Saudi Oil Exports by 3M b/d
An upgrade to Saudi Aramco’s Yanbu South Terminal (YST) has added 3 million barrels per day (b/d) to the export capacity of the Red Sea facility, the company announced in a press release. The YST facility contains a t...
Aramco, BAPCO Announce New Phase of Saudi-Bahrain Pipeline
Saudi Aramco and the Bahrain Petroleum Company (BAPCO) have commissioned the AB-4 pipeline, a new phase of the Saudi-Bahrain crude oil pipeline, Saudi Aramco announced in a press release. The pipeline has a capacity o...
Saudi Aramco, Total to Work on Petrochemical Facility at Jubail Refinery
Total and Saudi Aramco signed an agreement on October 8 for engineering studies on the construction of a petrochemicals complex at the Jubail Satorp refinery worth $5 billion, Reuters reported. The complex is slated t...
Saudi Aramco IPO by Early 2021: Crown Prince
Saudi Aramco’s initial public offering (IPO) will take place by 2021, Crown Prince Mohammed bin Salman has said. “I believe late 2020, early 2021,” he said during an interivew with Bloomberg. “The in...
Saudi Arabia, Chinese Rongsheng Sign Crude Supply Deal
Saudi Aramco has signed a long-term agreement with Chinese Zhejiang Rongsheng for a supply of crude to the company’s new refinery in eastern China, Reuters reported. Zhejiang Petrochemical, 51% owned by textile giant ...
ACWA Power IPO Delayed: Sources
Saudi Arabia’s ACWA Power has reportedly delayed its plans for an initial public offering (IPO), originally expected for later this year, sources familiar with the matter told Reuters. The Saudi government has been lo...
