Saudi Aramco | Egypt Oil & Gas - Part 7
Saudi Aramco’s SAEV Expands to the Asian Market
Saudi Aramco Energy Venture (SAEV), a subsidiary of Saudi Aramco, plans to launch a new fund, according to Mubasher, citing Bloomberg. The new fund has reached around $500 million, according to SAEV CEO, Majid Mufti, ...
Apicorp Anticipates Petrochemical Investments’ Value in 2019-2023
According to the Gas Investments Outlook 2019-2023 released by the Arab Petroleum Investment Corporation (Apicorp), petrochemical investments in the Middle East and North Africa (MENA) region are expected to drop by $...
SATORP’s Operations Undisrupted Despite Maintenance
Saudi Aramco Total Refining and Petrochemical Company (SATORP) will schedule maintenance on train 2 units at its oil refinery in Saudi Arabia, according to Reuters. The refinery’s operations on train 1 units hav... Saudi Aramco Acquires 17% Stakes in Hyundai Oilbank
Saudi Aramco has completed acquiring 17% stakes of South Korea’s Hyundai Oilbank from Hyundai Heavy Industries Holdings, for approximately $1.2 billion, according to Pipeline Oil and Gas News. The acquisition wa...
Aramco, ADNOC to Build Indian Refinery Worth $70 B
Saudi Aramco and Abu Dhabi National Oil Co. (ADNOC) are planning to build a giant oil and petrochemicals refinery project in India worth approximately $70 billion, Reuters reported. On the sidelines of Saudi Crown Pri... Aramco’s IPO Kicks Off Today
Saudi Aramco will start taking bids from local and foreign investors Sunday, November 17, with a preliminary valuation between $1.6 trillion and $1.71 trillion, Bloomberg reported. Currently the world’s largest IPO, t...
Saudi Aramco to Reduce Gas Flaring to Zero by 2030
Saudi Aramco announced that it was joining the World Bank’s (WB) initiative to reduce gas flaring to zero by 2030, noting that its flaring was already less than 1% of its total raw gas production in the first ha...
Aramco’s IPO to Affect Egypt’s Petrochemicals Sector
Saudi Aramco’s initial public offering (IPO) is forecasted to positively affect Egypt’s petrochemicals sector, Egyptian stock exchange expert Hanan Ramsis told Russia Today. Ramsis confirmed that the IPO will directly...
