The world’s largest oil company, Saudi Aramco, is set to reorganize its downstream business and enhance integration across the hydrocarbon value chain in order to enhance financial performance and value creation.
Saudi Aramco, the world’s largest oil company, has announced the acquisition of a 70% stake in the petrochemical company Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund (PIF).
Saudi Aramco, the world’s largest oil exporting company, announced that it will maintain its promise to deliver its $18.75 billion dividend payout Q1 even though the company recorded 25% drop in profit.
A Saudi Ministry of Energy Official stated that Saudi Aramco will reduce its crude oil production in June by a voluntary amount of 1 million barrels of oil per day (mmbbl/d) or 1% of daily global oil supply.
Saudi Aramco has announced on May 10 new reduced prices for fuel in the Kingdom of Saudi Arabia.
Belarus’ state refiner Beleneftkhim has purchased its first batch of crude from the Kingdom of Saudi Arabia.
Saudi Aramco company announced that it will provide its customers with 8.5 million barrel per day (mbl/d) of crude oil starting from May 2020 .
Enppi and Petrojet have successfully executed Ain Sukhna’s SUMED Product Hub to meet the local market needs from petroleum products, imports, storages, and re-exports.
Saudi Aramco has managed to sign 66 memoranda of understanding (MoUs) with several international companies valued at more than $21 billion during Aramco’s in-Kingdom Total Value Add (iKTVA) Program.
Saudi Aramco and Baker Hughes (BH) signed an agreement to form a 50/50 non-metallic Joint Venture (NM-JV) with an investment of $110
