Saudi

  • Aramco Completes Share Sale Agreement Worth $12.4b

    Aramco Completes Share Sale Agreement Worth $12.4b

    Sunday, 20th June 2021

    Aramco announced that it has completed share and purchase agreement with the consortium including EIG and Mubadala in which the consortium has acquired a stake of 49% in Aramco Oil Pipelines company.

  • Kuwait, Saudi Close to Neutral Zone Final Signing

    Kuwait, Saudi Close to Neutral Zone Final Signing

    Wednesday, 6th November 2019

    Kuwait’s Deputy Foreign Minister, Khaled Al Jarallah, said that positive consultations with Saudi Arabia regarding the Neutral Zone are continuing, noting that the two parties are looking forward to the final signing as soon as possible.

  • ACWA to Build PV Plant in Jordan

    ACWA to Build PV Plant in Jordan

    Wednesday, 23rd November 2016
    ACWA Power has secured $54m in loans for a 60.3MW solar photovoltaic (PV) project located in Mafraq, 50km north-east of Amman, Jordan.
  • PetroRabigh to Halt Operations

    PetroRabigh to Halt Operations

    Monday, 14th November 2016
    Saudi's PetroRabigh announced that it will suspend the operations of its ethane cracker unit for 21 days. The suspension will start mid November to complete the temporary maintenance and safety work.
  • Hyundai to Build Gas Plant in Saudi Arabia

    Hyundai to Build Gas Plant in Saudi Arabia

    Monday, 31st October 2016
    Oil giant Saudi Aramco has awarded Hyundai Engineering and Construction with $727m contract to build a gas facility at Uthmaniyah plant.
  • Aramco, Turkey Signed MoUs

    Aramco, Turkey Signed MoUs

    Wednesday, 12th October 2016
    Saudi oil giant Aramco signed memoranda of understanding (MoU) with 18 Turkish firms in different sectors such as construction, power generation and related services.
  • Saudi Arabia, Russia Talk Oil Price Stability

    Saudi Arabia, Russia Talk Oil Price Stability

    Monday, 5th September 2016
    The crown prince of Saudi Arabia, Mohammed Bin Salman, met the Russian President, Vladimir Putin, on the sideline of the G20 summit in eastern China, to discuss possible cooperation regarding oil production freeze proposal in an effort to rebalance global markets.
  • Van Oord Completed Land Reclamation for Kuwaiti Refinery

    Van Oord Completed Land Reclamation for Kuwaiti Refinery

    Wednesday, 31st August 2016
    Netherland's' Van Oord has successfully executed ground improvement for the Kuwait National Petroleum Company (KNPC). The project included reclaiming 65mcm of sand and extensive soil improvement to be used in constructing Al-Zour refinery, the largest oil refining plant in the Middle East.
  • Saudi Aramco Plans to Double Gas Production in 10 Years

    Saudi Aramco Plans to Double Gas Production in 10 Years

    Wednesday, 9th March 2016
    Saudi Aramco plans to almost double its gas production to 23bscf/d in the next decade, according to CEO Amin Nasser.
  • Saudi’s Acwa to Fund Dayrut Power Plant

    Saudi’s Acwa to Fund Dayrut Power Plant

    Wednesday, 17th February 2016
    Saudi Arabian company Acwa Power agreed with three international institutions to fund the power plant of Dayrut city in Beheira, Egypt. The project is expected to generate 2,250 MW of energy, with investments of $2.1b.