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ARAMCO,ADNOC could raise OSPs on high trades, sour crude oil structure
(Platts - 30/10/2017)

A strong Middle Eastern sour crude structure and high cash differentials for cargoes traded this month could prompt Saudi Aramco and UAE's Abu Dhabi National Oil Company to raise the official selling prices of their respective crudes to multi-month

Sabic chief calls for Saudi petchems firms to merge
(The National - 30/10/2017)

Saudi petrochemicals firms should merge to boost their competitiveness and look to expand abroad, the head of the major industry player Sabic said on Monday. The firms have enjoyed decades of cheap feedstock prices. But Saudi authorities began slashing

Saudi Arabia: LNG ahead
(Petroleum Economist - 30/10/2017)

For decades, Saudi Arabia insisted that it wouldn't seek natural gas from abroad to boost the volumes produced within the kingdom—in particular it was a firm tenet of former oil minister Ali al-Naimi during his 21 years in the job that there'd be no

Saudi SABIC CEO says Q4 will be better than Q3 earnings
(Reuters - 30/10/2017)

Saudi Basic Industries Corp (SABIC) expects its fourth quarter will be better than its third quarter, when the firm posted its highest net profit since June 2015, its chief executive said on Monday. SABIC, the world’s fourth-biggest petrochemicals

Saudi Aramco sets Nov propane price at $575/T - statement
(Reuters - 30/10/2017)

State-run Saudi Aramco has left its November contract price for propane unchanged at $575 a tonne, it said on Monday. The price provides a benchmark against which Middle East sales of liquefied petroleum gas (LPG) to Asia are priced. Saudi Aramco's

Alba Q3 net income surges 80pc
(Trade Arabia - 30/10/2017)

Aluminium Bahrain (Alba) reported a net income of BD25.8 million ($68.5 million) for the third quarter of 2017, up 80 per cent compared to BD14.3 million ($38.1 million) reported in Q3 2016. The net income for the nine months of 2017 rose by 98 per cent

MPHC records QR805.9m net profit for 9 months
(The Peninsula - 30/10/2017)

Mesaieed Petrochemical Holding Company (MPHC), a subsidiary of Qatar Petroleum and one of the region’s premier diversified petrochemical conglomerates, posted a net profit of QR805.9m for the nine months period ended September 30, 2017 with earnings per

Saudi Aramco IPO: On Track, But Final Destination Still Unclear
(Bloomberg - 29/10/2017)

The financiers and corporate chieftains gathered for Saudi Arabia’s ‘Davos in the Desert’ heard the same message again and again. From the crown prince down, Saudi leaders wanted no room for doubt: the initial public offering of oil giant Aramco is "on

Saudi’s SABIC Q3 net profit up 10.7 pct on higher prices, sales
(Reuters - 29/10/2017)

Saudi Basic Industries Corp (SABIC), the world’s fourth-biggest petrochemicals company, reported a 10.7 percent rise in third-quarter net profit on Sunday, beating analysts’ estimates. Majority state-owned SABIC made a net profit of 5.79 billion riyals

Saudi Aramco in drive to ­curb emissions
(Arab News - 29/10/2017)

Saudi Aramco has joined other global energy companies in announcing an investment package for new and promising technologies to curb emissions. President and CEO of Aramco, Amin Nasser, met major leaders in energy and climate sectors on Friday at the

Aramco: 5 things to know about the largest energy company in the world
(Money Central - 27/10/2017)

Saudi Aramco, the Saudi Arabian kingdom’s most prized jewel, is on track for an initial public offering in 2018 and could be valued at upwards of USD 2 trillion. Saudi Aramco, the Saudi Arabian kingdom’s most prized jewel, is on track for an initial

Saudi Arabia's NEOM Undercuts Aramco IPO
(Bloomberg - 27/10/2017)

Prince Mohammad bin Salman of Saudi Arabia displays an Elon Musk-like affinity for ludicrous challenges and grandiose promises. With his latest announcement, though, he's edging into Peter Thiel territory: floating cities. The prince wasn't talking about

OGCI announce investments in promising low-emission technologies
(Press Release - 27/10/2017)

Saudi Aramco President and CEO, Amin H. Nasser, today joined fellow oil and gas CEOs and key energy and climate leaders for the third annual meeting of the Oil and Gas Climate Initiative (OGCI), where they announced investments in promising low-emission

Zamil Industrial announces 9M 2017 financial results
(Press Release - 27/10/2017)

Zamil Industrial Investment Company (Zamil Industrial) has announced its consolidated interim financial results for the period ending 30 September 2017. Revenues for the third quarter of 2017 amounted to SAR 1,022.9 million (USD 272.8 million), compared

Saudi Arabian Miner Looking to Make Acquisitions Globally
(Bloomberg - 27/10/2017)

Saudi Arabian Mining Co., the kingdom’s biggest metals producer, is looking to expand internationally through mergers and acquisitions, Chief Executive Offier Khaled Al Mudaifer said. Deals will be focused on industrial metals and fertilizers, Mudaifer

Sabic hosts regional sustainability meeting
(Trade Arabia - 27/10/2017)

Saudi Arabia’s Sabic, a global leader in diversified chemicals, hosted the regional meeting of the Carbon Sequestration Leadership Forum for the Middle East and South Africa at the Sabic Academy in Riyadh on October 25 and 26. The Forum was attended by

Saudi Aramco, SABIC receive bids for oil-to-chemicals project
(Reuters - 25/10/2017)

Saudi Aramco and Saudi Basic Industries Corp have received project management consultancy bids for a planned joint venture oil-to-chemicals project, industry sources said. The two partners are expected to sign a memorandum of understanding to jointly

APICORP gives initial price guidance for dollar sukuk
(Reuters - 25/10/2017)

Arab Petroleum Investments Corporation (APICORP) has given initial price guidance for its planned five-year U.S. dollar-denominated sukuk in the 125 basis points over five-year mid-swaps area, a document by one of the banks leading the deal showed on

Ma’aden signs phosphate fertilizer supply contract
(World Fertilizer - 25/10/2017)

Saudi Arabian Mining Co. (Ma’aden) has announced that it has signed a phosphate fertilizer supply contract with Bangladesh Agricultural Development Corp. (BADC). Under the terms of the contract, Ma’aden will supply di-ammonium phosphate fertilizer (DAP)

Alba wins top ‘investor relations’ award
(Trade Arabia - 25/10/2017)

Aluminium Bahrain (Alba), a leading international aluminium smelter, said that it was recognised as the ‘Leading Corporate for Investor Relations – Bahrain’ at the Middle East Investor Relations Association's 2017 IR Awards (Meira) 2017, held last month,

Aramco Sees Progress on Chemical Project Plan With SABIC by Year-End
(Reuters - 24/10/2017)

Saudi Aramco expects to decide by the end of 2017 on plans for a joint oil-to-chemicals project with Saudi Basic Industries Corp (SABIC), Aramco's chief executive said on Tuesday. An industry source said in August that state oil firm Aramco and

Saudi Aramco participates in the Future Investment Initiative 2017
(Press Release - 24/10/2017)

Saudi Aramco participated in Future Investment Initiative (FII) 2017, a major gathering of global business and policy influencers organized by the Saudi Public Investment Fund (PIF) and held in Riyadh, Saudi Arabia, October 24–26, 2017. Under the

Saudi Aramco, Petronas eyeing $1.7bn Daewoo E&C stake
(Trade Arabia - 24/10/2017)

Leading international giants in the energy and construction sector such as state-run Saudi Aramco; China State Construction Engineering Corporation (CSCEC) and Malaysian energy giant Petronas are among the potential bidders eyeing a major stake in Daewoo

Saudi Aramco listing on track for 2018, says sovereign wealth fund
(Reuters - 24/10/2017)

Saudi Aramco’s initial public offering is on track to take place next year, Saudi Arabia’s top sovereign wealth fund said on Tuesday. “Everything is on track. 2018 is our target. There is nothing that I know about that can take us off track,” Public

Industries Qatar Q3 profit drops 1.6 pct, meets forecasts
(Reuters - 24/10/2017)

Petrochemicals, metals and fertiliser producer Industries Qatar posted a 1.6 percent drop in third-quarter net profit, according to Reuters calculations, in line with forecasts, as sales fell and performance was hurt by weak fertiliser prices and