Saudi Aramco Targets IPO Completion This Year

• Wednesday, 23rd October 2019
• by Editorial Team

Saudi Aramco plans to complete its initial public offering (IPO) before the end of the year by relying more on local investors after doubts over its valuation caused it to delay a transaction that had been expected th...

Aramco Awards Chinese Company Project to Construct Berri Field Drilling Islands

• Wednesday, 12th September 2018
• by Editorial Team

Saudi Aramco has awarded a contract to China’s Harbour Engineering Arabia for the construction of two drilling islands in its Berri oilfield, according to an company press release. The two islands are part of Aramco&#...

Saudi Arabia Reopens Red Sea Shipping Lane

• Sunday, 5th August 2018
• by Editorial Team

Saudi Arabia resumed oil shipments through the Red Sea shipping lane Bab al-Mandeb , Reuters reported on August 4. The kingdom temporarily halted petroleum shipments through the lane after two oil tankers were attacke...