Saudi Arabia downstream news

Analysts from Saitama Rakuten International have reported that Saudi Aramco could raise the highest amount of capital from an IPO ever.

Saudi Aramco has completed the acquisition of Shell’s 50% interest in the SASREF joint venture.

Saudi Aramco have announced that full production will be restored by the end of September following the attacks on its Abqaiq and Khurais plants.

Rystad Energy has made a comment on the recent drone attacks on Aramco oil facilities in eastern Saudi Arabia.

Samsung Engineering has contracted Mammoet to transport and install 49 modules for a Saudi Arabian petrochemical plant.

Saudi Aramco has signed 12 agreements worth billions of dollars with various South Korean companies.

Aramco Trading’s new Fujairah office will handle all gasoline and fuel oil storage and blending activities, as part of a push into new markets.

INEOS has signed a memorandum of understanding with Saudi Aramco and Total, to build three new plants in the Jubail 2 complex in Saudi Arabia.

Sadara, a joint venture between Aramco and Dow Chemical, has awarded a long-term maintenance services contract to KBR.

KBR will continue to provide General Maintenance Services at the SATORP refining and petrochemicals project in Saudi Arabia.