Saudi Aramco | Egypt Oil & Gas - Part 5
Aramco Completes Acquisition of 70% Stake in SABIC
Saudi Aramco, the world’s largest oil company, has announced its completion of the 70% stake acquisition in the petrochemical company Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund (PIF), a... Aramco Maintains Dividend Payout Despite 25% Q1 Profit Drop
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, according to R...
Saudi Arabia to Reduce Oil Production Worth 1% of Daily Global Supply
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, according... Saudi Aramco Lowers Fuel Prices in May
Saudi Aramco has announced on May 10 new reduced prices for fuel in the Kingdom of Saudi Arabia, according to a press release. Gasoline 91’s price was set at 0.67 riyals ($0.18) per liter , down 48.9% from 1.31 riyal... Saudi Arabia Sells Crude to Belarus for First Time
Belarus’s state refiner Beleneftkhim has purchased its first batch of crude from the Kingdom of Saudi Arabia, according to Reuters. Belarus, which has long since relied on Russian oil imports, has bought 80,000 tonnes...
Saudi Aramco to Provide 8.5 mmbbl/d of Crude Oil
Saudi Aramco announced that it will provide its customers with 8.5 million barrel per day (mmbbl/d) of crude oil starting from May 2020, according to a statement issued by the company. OPEC and OPEC+ agreed on April 1...
Enppi, Petrojet Completes Ain Sukhna’s SUMED Product Hub Project
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, according to a statement from Enppi. This is the ...
Saudi Aramco Signs 66 MoUs during iKTVA
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, according to a pre...
