Saudi Aramco news

Aramco has advanced its strategic downstream expansion with the acquisition of an additional 22.5% stake in Petro Rabigh from Sumitomo for US$702 million (SAR 7 per share).

Aramco, Honeywell, and KAUST have signed a joint development agreement to develop technology to advance the capabilities of crude-to-chemicals, Saudi Arabia.

Veolia has announced the signing of an agreement between a consortium and SATROP to launch an industrial water initiative for the treatment and recycling of all industrial complex petrochemical effluents of Jubail Industrial City, Saudi Arabia.

Aramco, Sinopec, and FPCL have announced the establishment of a new joint venture, Fujian Sinopec Aramco Refining and Petrochemical Co., Ltd, to develop an integrated refining and petrochemical complex in China.

Aramco has signed an US$11 billion lease and leaseback deal involving its Jafurah gas processing facilities with a consortium of international investors, led by funds managed by Global Infrastructure Partners (GIP), a part of BlackRock.

Integrated Global Services (IGS) has been recognised as a major contributor to the successful Ras Tanura Refinery (RTR) 2024 Mega Turnaround and Inspection (T&I) for Aramco.

Dragos has signed a Memorandum of Understanding (MoU) with Aramco to help protect critical industrial assets and infrastructure for Aramco and its affiliates.

SATORP, a platform jointly owned by Aramco and TotalEnergies, has successfully converted used cooking oil through coprocessing into ISCC+ certified sustainable aviation fuel (SAF).

Aramco, Nanshan Group, Shandong Energy Group and Shandong Yulong Petrochemical have signed a Memorandum of Understanding (MoU).

Technip Energies has been selected by Aramco for the project management consultancy (PMC) contract to develop the master plan for Ras Al Khair, a new industrial city in Saudi Arabia.