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  • Oil and Gas
    Samsung signs $1.85bn deal for Saudi Aramco gas project

    Samsung Engineering, the engineering, procurement, construction and project management company, announced on Tuesday that it has signed a $1.85 billion contract in Saudi Arabia. The Aramco HUGRS (Hawiyah Unayzah Gas Reservoir Storage) project is located 260km east of Saudi Arabia's capital Riyadh, and includes gas injection facility of 1,500 million standard cubic feet per day (MMSCFD) and a gas reprocessing facility of 2,000 MMSCFD.

  • Blockchain
    Saudi Aramco joins oil blockchain platform Vakt

    The VAKT platform specialises in post-trade processing. It has been live since the end of 2018 with a focus on the key North Sea crude oil grades used to set benchmark dated Brent.

  • Yasir Al-Rumayyan
    Saudi Aramco Chairman Yasir Al-Rumayyan: ‘We are confident in our investment story’

    We are also working on expanding our downstream operations. Aramco is already the fourth largest integrated refiner in the world on a net refining capacity basis. We will further build on a portfolio that spans the entire hydrocarbon chain: refining, marketing, petrochemicals, lubricants and retail.

  • Saudi Aramco IPO
    Interview at Davos: Aramco International Listing ‘Still on the Cards,’ Saudi Arabia Finance Minister Says

    Saudi Arabian Finance Minister Mohammed Al-Jadaan discusses the recent $5 billion debt issuance, the state of the Saudi economy, and the prospect of an international listing for Saudi Aramco. He speaks with Bloomberg’s Francine Lacqua at the World Economic Forum’s annual meeting in Davos, Switzerland on "Bloomberg Surveillance."

  • Natural Gas
    Saudi Aramco grants Wood a two-year extension on unconventionals program

    Wood’s project execution teams will continue to work closely with Saudi Aramco to develop innovative engineering design and implementation strategies to deliver the program’s primary objective to produce and deliver significant volumes of gas from shale and tight gas reservoirs.

  • Mohammed Al-Jadaan
    Aramco IPO proceeds to fund Saudi industry, including defense: finance minister

    With nearly $30 billion coming into PIF coffers from Aramco’s local share offering last month, new and existing local industries, including defense and technology, will get a boost in capital, Jadaan said.

  • Saudi Aramco
    Commentary: 3 Reasons Typical Equity Analysis Doesn’t Work For Saudi Aramco

    When the company went public in December, there was suddenly reason for sell-side equity analysts at banks across the world to issue reports, devising projected prices and issuing guidance on whether investors should buy, sell or hold. However, these reports are written by equity analysts—typically 20-somethings—who cover the oil industry and issue reports on other oil company equities. These analysts and their bosses are equities people, used to assessing the value and direction of a business based on its fundamentals and the market. But that is not how Aramco needs to be judged right now.

  • Aramco Investment
    Reliance Group to miss planned date to close Saudi Aramco deal

    RIL is currently engaged in a legal tussle with India’s federal petroleum ministry over enforcement of an estimated $4.5billion in an international arbitral award of the Panna-Mutka and Tapti (PMT) oil field production-sharing contracts case.

  • Oil to Chemicals
    Saudi’s SABIC, Aramco set to decide on oil to chemicals project

    The complex, which the partners originally planned to build at Yanbu on the kingdom’s western coast, is expected to process 400,000 barrels a day of crude and produce about 9 million tons of chemicals and base oils annually. Olivier Thorel, Aramco’s executive director for chemicals, said in December that the project was progressing more slowly than anticipated.

  • LNG
    Aramco Trading Company hires LNG trading manager -sources

    The Saudi state oil giant plans to become a major global gas player and has been developing its own gas resources as well as eyeing gas assets in the United States, Russia, Australia and Africa, its chief executive officer and the Saudi energy minister have said.