Saudi Aramco news
Aramco looking to expand global footprint in chemicals
With the US$69 billion acquisition of SABIC in June and investments in oil-to-chemicals technology, Aramco has positioned itself for downstream growth.
Saudi Aramco and SABIC reassessing crude-oil-to-chemicals project
SABIC has said the two companies are now considering the integration of Saudi Aramco’s existing refineries in Yanbu with a mixed feed steam cracker and downstream olefin derivative units.
Petro Rabigh receives financing from Saudi Aramco and Sumitomo Chemical
Sumitomo Chemical and Saudi Aramco have made a loan of US$2 billion to Petro Rabigh in response to the challenging market conditions.
Siemens compressor trains selected for Saudi Aramco gas reservoir storage project
Siemens Energy is to supply 20 compression trains for Saudi Aramco’s Hawiyah Unayzah Gas Reservoir Storage project.
King Salman Energy Park completes 60% of phase one
The King Salman Energy Park has reached 60% completion of its first phase and has announced foreign direct investments.
Aramco announces downstream business reorganisation
Saudi Aramco has announced the reorganisation of its downstream business.
Aramco completes acquisition of stake in SABIC
Aramco has completed its acquisition of 70% of SABIC from the Public Investment Fund.
Saudi Aramco releases 2019 financial results
Highlighting strong profits despite a challenging macro environment, Saudi Aramco has released its 2019 financial results.
Aramco Trading opens London office
Aramco Trading Company has broadened its European presence with the establishment of a London office.
Sempra LNG and Aramco Services Company sign agreement
Sempra LNG and Aramco Services Company have signed an Interim Project Participation Agreement for the Port Arthur LNG project.