Saudi Aramco and Egypt's SUMED pipeline operator have signed a contract to boost the capacity of Saudi oil transported via SUMED from the Egyptian Ain Sukhna port on the Red Sea coast to Aramco's customers in Europe.
Egypt has signed a deal with Saudi Aramco stipulating that the Saudi company would supply the country with petroleum products for five years, the Egyptian Ministry of Petroleum said in a statement.
Saudi Aramco announced that it would not reduce its new investment in oil and gas production capacity despite the financial strain caused by low oil prices.
Saudi Arabia signed 14 Memoranda of Understanding (MoUs) with China, including the landmark deal to build a high-temperature coolant gas nuclear reactor, on the first day of Chinese President Xi Jinping’s visit to Ri ...
Saudi Aramco has confirmed that it was studying plans to issue Initial Public Offerings (IPOs) in a partial privatization bid of the world’s largest oil company.
Saudi's state oil company, Aramco stated that Riyadh had the capacity and was better equipped to wait out current low oil prices compared to other oil producers, while projecting a more stable market in 2016.