Saudi Aramco in Talks with Egypt to Refine Saudi Crude

• Wednesday, 15th November 2017
• by Editorial Team

Saudi Aramco is considering exporting crude oil to Egypt for refining, Reuters reports. Negotiations between Egypt and the Saudi energy giant for the refining of Saudi crude in Egypt have already begun, the Minister o...

Aramco CEO: Saudi Aramco to Spend $300B on Upstream Projects

• Tuesday, 14th November 2017
• by Editorial Team

Saudi Aramco is looking to spend approximately $300 billion over the next ten years to expand its upstream operations, the company’s CEO, Amin Nasser, said at the Abu Dhabi International Petroleum Exhibition and Confe...

Saudi Aramco Inks $4.5B in Deals

• Sunday, 12th November 2017
• by Editorial Team

The state-run Saudi Aramco signed $4.5 billion in deals with international companies, Reuters reports. The agreements are with companies from China, Europe, the UAE, and the US, according to according to Reuters, and ...

Saudi Aramco Plans 10% Increase in Capital Spending

• Thursday, 9th November 2017
• by Editorial Team

Saudi Aramco plans to increase its capital expenditures by close to 10% next year, according to the company’s Senior Vice President of Technical Affairs, Ahmad El Sa’adi, Reuters reports. This year’s budget calls for ...

Saudi Aramco, SABIC Explore Options for Petrochemical Production

• Thursday, 2nd November 2017
• by Editorial Team

Saudi Aramco and Saudi Basic Industries Corporation (SABIC) are conducting a feasibility study for a facility to convert crude oil directly into petrochemicals, Platts reports. The direct conversion would eliminate th...

CEO: Saudi Aramco IPO Not Linked to Market Conditions

• Wednesday, 25th October 2017
• by Editorial Team

The plans for the initial public offering (IPO) of Saudi Aramco are not linked to market developments, the company’s CEO, Amin Nasser, told Al Arabiya, Reuters reports. “The public offering has never been linked to de...

Tecnicas Reunidas Submits Lowest Bid for Saudi Project

• Tuesday, 24th October 2017
• by Editorial Team

Tecnicas Reunidas, Saipem, and Samsung E&C are the primary contenders for a contract from Saudi Aramco for the construction of natural gas facilities in Haradh and Hawiyah, Reuters reports. The companies submitted...

China Pursues Direct Purchase of Saudi Aramco Stake

• Tuesday, 17th October 2017
• by Editorial Team

Two state-owned Chinese oil companies have expressed interest in directly purchasing a share of Saudi Aramco, Reuters reports. The two companies, PetroChina and Sinopec, have reached out to Saudi Aramco, expressing in...

Saudi Arabia Denies FT Report: IPO on Track

• Tuesday, 17th October 2017
• by Editorial Team

Saudi Arabia pushed back against reports that it was considering a private offering of Saudi Aramco instead of the previously announced initial public offering (IPO), Platts reports. On Sunday, the Saudi Aramco tweete...

Saudi Aramco Cuts Asian Allocations

• Thursday, 12th October 2017
• by Editorial Team

To meet its self-imposed export cuts in November, Saudi Arabia is cutting crude oil shipments to customers in Asia, sources told Reuters. Earlier this week, Saudi Arabia announced that it would cut exports of crude oi...