Saudi Aramco

Saudi Aramco to acquire Shell’s share of the SASREF refining joint venture

Apr 21, 2019 The Saudi Arabian Oil Company (Saudi Aramco) is to acquire Shell Saudi Arabia Refining Limited’s (Shell) 50% share of the SASREF joint venture in Jubail Industrial City, in the Kingdom of Saudi Arabia, for $631 million. Abdulaziz Al-Judaimi, Saudi Aramco‘s Senior Vice President of Downstream, said: “The partnership with Shell has led to a strong record of

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Saudi Aramco partners with the Saudi Contractors Authority fostering collaboration at ‘Future Projects Forum’

RIYADH, April 18, 2019 In his keynote address at the Future Projects Forum held recently in Riyadh, Senior vice president of Technical Services Ahmad A. Al Sa’adi notes that the Kingdom is already the Middle East’s largest market for contracting, and more growth is expected: “We are always keen to support and encourage contractors and manufacturers, and to provide opportunities

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Saudi Aramco to acquire stake in South Korean Hyundai Oilbank

DHAHRAN/ SEOUL, SOUTH KOREA, April 15, 2019 The Saudi Arabian Oil Company (Saudi Aramco) and Hyundai Heavy Industries Holdings today announced that they have reached an agreement for Saudi Aramco’s subsidiary,  Aramco Overseas Company B.V (AOC), to purchase a 17% stake in South Korea’s Hyundai Oilbank, a subsidiary of Hyundai Heavy Industries Holdings. The investment is valued at approximately $

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Aramco Trading expands collaborations in key European markets by signing Supply Agreement with “PKN Orlen”, Poland’s leading oil refiner

DHAHRAN, April 11, 2019 Aramco Trading expands collaborations in key European markets by signing Supply Agreement with “PKN Orlen”, Poland’s leading oil refiner. Agreement highlights Saudi Aramco’s commitment to the Polish market and its strategy to enhance the integration of its downstream network in Europe. Saudi Aramco is expanding collaborations in key European markets to produce critical feedstock for industry

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Saudi Aramco Announces Pricing of $12 Billion Bond Issuance

DHAHRAN, April 10, 2019 Saudi Arabian Oil Company (“Saudi Aramco”) today announced that it has priced an offering of $12 billion in its inaugural international bond issuance. The issuance is comprised of five tranches of senior unsecured notes under Saudi Aramco’s Global Medium Term Note Program. The tranches include: $1,000,000,000 2.750% senior notes due 2022; $2,000,000,000 2.875% senior notes due

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Aramco’s younger workers dig deep on key issues at Houston energy summit

HOUSTON, Texas, U.S., April 03, 2019 Members of Saudi Aramco’s Young Leaders Advisory Board (YLAB) took part in a stimulating professional development program at the CERAWeek global energy summit — meeting with executives, researchers, and traders at Aramco affiliates while also engaging in a workshop with young professionals from Halliburton to identify potential solutions to the perception challenge facing the

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Saudi Arabian Oil Company announces establishment of a Global Medium Term Note Program and potential Notes Issuance

DHAHRAN, April 01, 2019 Saudi Arabian Oil Company (“Saudi Aramco”) today announced that it has established a Global Medium Term Note Program (the “Program”) and will conduct a series of fixed  income investor meetings commencing on April 1, 2019. An offering of U.S. dollar-denominated senior unsecured notes (the “Notes”) under the Program may follow, subject to market conditions. The Notes,

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MEOS 2019: Redefining resilience

MANAMA, Bahrain, March 31, 2019 Saudi Aramco’s senior vice president of Upstream told attendees of the 21st Middle East Oil & Gas Show and Conference (MEOS 2019) that taking into account “the evolving nature of what resilience means to our industry” is important to redefining the future. Delivering a keynote address at the conference, Mohammed Y. Al Qahtani said the

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Saudi Aramco and McDermott sign agreement for fabrication facility

27 March, 2019 State-owned oil giant Saudi Aramco has signed an agreement with McDermott to establish a fabrication facility in Ras Al-Khair, Saudi Arabia. The land lease agreement, signed with McDermott’s subsidiary McDermott Arabia Company Ltd, grants the company a lease to establish the facility located within the King Salman International Complex for Maritime Industries. Once operational, the new facility

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Saudi Aramco continues to be recognized for its business and operational excellence with top accolades

DHAHRAN, January 07, 2019 King Abdulaziz Quality Award announced Saudi Aramco’s Yanbu NGL Fractionation Department and Abqaiq Plants the winners of the award in the Major Production Companies sector. The announcement of the fourth King Abdulaziz Quality Award was made in a ceremony held today under the gracious patronage of the Custodian of the Two Holy Mosques King Salman ibn

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King Salman Energy Park: Saudi Aramco builds a sustainable global energy hub from the ground up

DHAHRAN, December 06, 2018 As a business strategy, localization can be right on the money, delivering reliability plus cost and time efficiencies to the bottom line. But the real power of local content development lies in its ability to add value beyond corporate borders, with a competitive boost to local and regional economies. Spurring a ripple effect of job creation,

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Saudi Aramco signs deals worth $27.5 billion with suppliers

DHAHRAN, November 26, 2018 Saudi Aramco hosted its 4th IKTVA Forum & Exhibition this week at the Dhahran Expo Center in Dammam, attracting more than 1,000 local and international energy-sector service and equipment suppliers, manufacturers and small and medium enterprises to explore available investment opportunities with Saudi Aramco in the upstream, chemicals, utilities, non-metallic, IT and cybersecurity, and other areas.

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Saudi Aramco honors top local vendors at 2018 Quality Forum

DHAHRAN, November 19, 2018 Saudi Aramco today honored four local Saudi vendors for delivering quality goods during a ceremony held in conjunction with the 2018 Saudi Aramco Quality Forum, organized under the theme “Toward Quality Excellence.” The event, seeks to transform local manufacturers’ quality performance to be globally competitive, by fostering a quality-focused culture within the local industry.  It also

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Saudi Aramco breaks ground for new Upstream R&D Center at Lomonosov Moscow State University (MSU)

MOSCOW, Russia, November 09, 2018 Strategic collaboration between Saudi Arabia and Russia continues to progress with Saudi Aramco President and CEO Amin H. Nasser attending the groundbreaking ceremony of a new Saudi Aramco Research Center at the MSU Science Park. The Center is Saudi Aramco’s ninth R&D facility outside the Kingdom and will focus on upstream technologies in simulation and

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Saudi Aramco and Chinese partners pursue research program to optimize fuel and engine technologies

WUXI, China, November 09, 2018 Saudi Aramco and Chinese entities Tsinghua University, FAW Jiefang Automotive Wuxi Diesel Works (FAWDE), and Shandong Chambroad Petrochemicals Company today announced the start of a research program dedicated to fuel and engine optimization, and exhaust after-treatment technologies. For the first time a major energy company, engine manufacturer, petrochemicals company, and a renowned university come together

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Site selected for Aramco crude-to-chemicals complex

06 November, 2018 Saudi Aramco and SABIC have announced their selection of Yanbu, on the west coast of Saudi Arabia, as the site for the development of an integrated industrial complex to convert crude oil to chemicals (COTC). The COTC complex is expected to process 400,000 barrels per day of crude oil, which will produce approximately 9m tonnes of chemicals

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Saudi Aramco and SABIC announce Yanbu as the site for the development of an integrated industrial complex to convert crude oil to chemicals

DHAHRAN, November 01, 2018 Saudi Aramco and SABIC have announced their selection of Yanbu, on the west coast of Saudi Arabia, as the site for the development of an integrated industrial complex to convert crude oil to chemicals (COTC). The announcement by Saudi Aramco and SABIC, the two largest industrial entities in the Kingdom, reflects the high importance both companies

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Saudi Aramco reinforces its backing for women empowerment at Leadership Excellence for Women Awards and Symposium

MANAMA, Bahrain, October 25, 2018 Empowerment of women in the Downstream sector is greenlit at Leadership Excellence for Women Awards and Symposium (LEWAS) Saudi Aramco, chaired the “Leadership Excellence for Women Awards and Symposium” (LEWAS), a leading industry event held at the Bahrain International Convention & Exhibition Center from October 23-25, promoting efforts to increase professional opportunities for women engagement

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Saudi Aramco SpiceRack technology wins at World Oil Awards

HOUSTON, Texas, U.S., October 24, 2018 Saudi Aramco won the Best Exploration Technology Award at the recently held 2018 World Oil Awards, honoring groundbreaking strides in the oil and gas industry. The technology is SpiceRack, an innovative robotized solution for seabed seismic acquisition. The awards committee members also recognized the company with multiple finalist nominations. Synergistic Smart Water-based Polymer Flooding was

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Saudi Aramco chairs Gulf Downstream Association conference promoting strategic investment, innovation and technology

MANAMA, Bahrain, October 23, 2018 Saudi Aramco, a founding member of the Gulf Downstream Association (GDA), is chairing the GDA 2018 International Downstream Conference & Exhibition held at the Bahrain International Convention & Exhibition Center from October 23-25 under the patronage of His Royal Highness Prince Khalifa bin Salman Al Khalifa, Prime Minister of Kingdom of Bahrain. The Conference is

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