Saudi Aramco news
Saudi Aramco acquires 17% of Hyundai Oilbank
Saudi Aramco has acquired 17% of South Korea’s Hyundai Oilbank.
Wood holds downstream roundtable at ADIPEC
At ADIPEC 2019, Wood has hosted a downstream industry roundtable to discuss growth strategies across the Middle East.
Aramco and ADNOC boost 3Q19 contract value
GlobalData has reported that Aramco and ADNOC have expanded the value of contracts in 3Q19 despite a slight decrease in volume.
Saudi Aramco signs seven MoUs at the Future Investment Initiative
Saudi Aramco has signed MoUs with a number of companies exploring collaboration across the whole hydrocarbon value chain.
Air Products reaches final negotiations for Saudi joint venture
Air Products has announced that it is in final negotiations to form a joint venture to acquire a number of assets at Jazan Economic City.
PM Narendra Modi says Saudi Arabia to invest in Indian downstream projects
A partnership with India would help Saudi Arabia, the world’s top oil exporter, find a stable outlet for its crude.
Aramco announces successful naphtha splitter placement
Saudi Aramco has announced the successful relocation and placement of a 544 t naphtha splitter.
McDermott awarded Amiral Complex contract
Saudi Aramco and Total have awarded McDermott a contract for what will be one of the largest mixed feed crackers in the world.
Aramco IPO could break records
Analysts from Saitama Rakuten International have reported that Saudi Aramco could raise the highest amount of capital from an IPO ever.
US shale response to Saudi attacks
IHS Markit reports that the oil price jump resulting from the attacks in Saudi Arabia will not have any impact on the trajectory of 2019 US shale production.