ERC Completes More than 92% of Main Project

• Tuesday, 28th February 2017
• by Dr. Mahinaz El-Baz

Managing Director of the Egyptian Refining Company (ERC), Mohamed Saad Ibrahim, said that  the company has  completed more than 92% of its main project, noting that the company is a major energy producers in Egypt. He...

Aramco Confirms $7b Deal With Petronas

• Tuesday, 28th February 2017
• by Editorial Team

The Malaysian Prime Minister, Najib Razak, announced that Saudi Arabia’s state oil company Saudi Aramco will invest $7b into an oil refinery and petrochemical project in Malaysia’s southern state of Johor, Free Malays...

Aramco, Petronas to Sign Refinery Agreement

• Sunday, 26th February 2017
• by Editorial Team

Malaysia’s state oil firm Petroliam Nasional Bhd (Petronas) and Saudi Aramco are expected to sign an agreement to collaborate in Malaysia’s Refinery and Petrochemical Integrated Development (RAPID) project...

Aramco Mulls Shares for Saudi Citizens

• Wednesday, 22nd February 2017
• by Editorial Team

Oil giant Saudi Aramco is reportedly considering offering shares to citizens of Saudi Arabia as it prepares for an initial public offering (IPO) that could be the biggest the world has ever seen, Oil Price wrote. The ...

Saudi Aramco Signed Crude Deal with Chinese Refiner

• Monday, 13th February 2017
• by Editorial Team

State oil giant Saudi Aramco has signed a contract with Chinese oil refiner North Huajin Chemical Industries Group Corp to supply its crude in 2017, two sources with knowledge of the matter said, Reuters reported. Sau...

Moelis & Co as Sole Adviser on Saudi Aramco IPO

• Thursday, 9th February 2017
• by Editorial Team

US based boutique investment bank, Moelis & Co, has been chosen as the sole independent adviser for the planned initial public offering (IPO) of Saudi Aramco, according to three people familiar with the process, s...

Aramco to Raise $10b Prior to IPO

• Monday, 6th February 2017
• by Editorial Team

Saudi Arabia’s oil giant Saudi Aramco has hired four banks as advisers to its first bond sale, possibly by June 2017, ahead of a planned initial public offering (IPO) in 2018, in order to raise as much as $10b in bond...

Saudi Aramco Installs New ESP System

• Thursday, 2nd February 2017
• by Editorial Team

Saudi Aramco recently installed and tested the functionality of its Baker Hughes’ TransCoil rigless deployed electrical submersible pumping (ESP) system, which is expected to cut down on installation and replace...

Saudi Aramco Eyes $5b Investment in Renewables

• Tuesday, 31st January 2017
• by Editorial Team

Saudi Aramco, the world’s largest oil company, is considering as much as $5b of investments in renewable energy firms as part of the kingdom’s plans to diversify from crude production, Oil and Gas People reporte...

Saudi Aramco’s Oil Reserves Reach 261b Barrels

• Sunday, 29th January 2017
• by Editorial Team

The first independent audit of Saudi Aramco’s Initial Public Offering (IPO) oil reserves has confirmed the state oil company’s own figures, sources familiar with the situation said, ahead of its planned sh...