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Aramco shares experience in localization at AFED 2018
(Saudi Gazette - 28/02/2018)

Saudi Aramco participates in the Armed Forces Exhibition for Diversity of Requirements and Capabilities (AFED) as a Diamond Localization Partner, and shares its experience in localization. The exhibition is taking place from Feb. 25 to March 5, 2018,

Saudi Aramco spending $12bn on SMEs every year
(Trade Arabia - 28/02/2018)

State oil giant Saudi Aramco has been spending $12 billion every year on more than 4,000 SMEs (small and medium enterprises) either directly or through its supply chain over the last few years, said a top official. This is being mainly done by Aramco to

Saudi Aramco considers buying stake in Indian refineries
(Gulf News - 26/02/2018)

Saudi state-run oil giant Aramco is looking to buy stake in existing Indian refineries and in their capacity expansion, as well as in the proposed petrochemicals refinery on India’s west coast, Saudi Arabian Energy Minister Khalid Bin Abdulaziz Al Falih

Bahrain’s Alba on track to complete debt financing for smelter expansion -official
(Gulf News - 26/02/2018)

Aluminium Bahrain (Alba), owner of one of the world’s largest aluminium smelters, will raise by the end of this year’s first quarter the final debt amount needed to fund its Line 6 expansion project, a company official said. With Line 6, Alba will become

MSCI’s Saudi upgrade decision is independent of Aramco IPO, official says
(The National - 23/02/2018)

The global index provider MSCI’s decision to include Saudi Arabia in its emerging market index is independent of its stock market’s ability to absorb the estimated $100 billion initial public offering of Saudi Aramco, the world’s biggest oil producer,

Saudi Aramco sets up National Power Academy
(Trade Arabia - 23/02/2018)

Saudi Aramco, in association with nine local and international organizations, has established the National Power Academy (NPA) to provide the local and regional markets with highly qualified staff.<br/><br/> Located in Dammam, the academy will initially

For timing of Aramco IPO, watch forward oil price curve
(Arab News - 19/02/2018)

It’s the burning question in the oil industry: when will Saudi Arabia pull the trigger on the Aramco stock market listing? Many industry experts are focusing on the current level of oil prices. However another key consideration for Saudi officials in

Alba workshop focus on Al Naimi's autobiography
(Trade Arabia - 19/02/2018)

Aluminium Bahrain (Alba) chief executive officer Tim Murray held a one-day workshop ‘Tomorrow will be different than Today’, based on the former Saudi Arabian Minister of Petroleum and Mineral Resources, Ali Al Naimi’s autobiography ‘Out of the

MPHC records QR1.1bn full year net profit
(The Peninsula - 15/02/2018)

Mesaieed Petrochemical Holding Company (MPHC), a subsidiary of Qatar Petroleum and one of the region’s premier diversified petrochemical conglomerates, registered a robust net profit of QR1.1bn for the year ended 31 December, 2017, outperforming its

Russia eyes multi-million-dollar Saudi investment deals, Aramco IPO
(Gulf News - 15/02/2018)

Russia is seeking to finalise multi-million-dollar investment deals with Saudi Arabia in the next three months including partnerships with state oil giant Aramco, Russia’s top state investment officer said on Wednesday.<br/><br/> Russian banks and a

Biggest wealth fund asked to assess impact of Aramco listing
(The Peninsula - 14/02/2018)

After the world’s biggest wealth fund shocked energy markets in November when it proposed cutting oil and gas stocks from its equity index, it now faces a conundrum on how to handle the impending public offering of the world’s largest oil

Industries Qatar net profit grows almost 12% to QR3.3bn
(The Peninsula - 13/02/2018)

Industries Qatar (IQ), one of the region’s industrial giants with interests in the production of a wide range of petrochemical, fertilizer and steel products, reported a net profit of QR3.3bn and earnings per share of QR5.48 for the year 2017. This

Nasdaq leaves door open for potential Saudi Aramco IPO
(Arab News - 13/02/2018)

Adena Friedman, president and chief executive of Nasdaq, has left the door of the second New York stock exchange wide open for a listing of Saudi Aramco, the Kingdom’s oil giant aiming for an initial public offering this year.<br/><br/> At the World

Wood Group secures “multi-million dollar” contract with Saudi Aramco
(Press Release - 12/02/2018)

Energy and engineering services firm John Wood Group PLC(LON:WG) has secured a new multi-million dollar, five-year contract with Saudi Arabian oil company, Saudi Aramco. <br/><br/> The exact value of the contract has not been revealed, but it is part of

Alba net income up 91pc to $245.9m in 2017
(Trade Arabia - 09/02/2018)

Aluminium Bahrain (Alba), the Bahrain-based aluminium smelter, generated a net income of BD92.5 million ($245.9 million) in 2017, up 91 per cent compared to BD48.4 million ($128.7 million) in 2016.<br/><br/> For the fourth quarter of 2017, Alba posted a

Sipchem MANAR seals analytical services deal
(Saudi Gazette - 08/02/2018)

SAUDI International Petrochemical Company (Sipchem) announced that its Technology and Innovation Center (MANAR) has signed a technical services agreement with Everspring Middle East WLL. for the provision of testing and analytical services.<br/><br/> The

Saudi Aramco, Petronas said to near $8b loan deal
(Gulf News - 08/02/2018)

Saudi Arabian Oil Co. and Malaysia’s state-owned oil firm are close to raising an $8 billion loan to partly finance the construction of a planned refinery and a petrochemical complex in the Southeast Asian nation, people familiar with the matter

Aluminium to contribute 15pc to Bahrain’s economy: Alba CEO
(Trade Arabia - 07/02/2018)

Bahrain’s aluminium industry will account for 15 to 16 per cent of the kingdom’s gross domestic product (GDP) with the beginning of the commercial operations of Aluminium Bahrain’s (Alba) brownfield Line 6 Expansion Project next year, a top official

Aramco’s Asia light oil pricing steady in sign of slower demand
(Gulf News - 06/02/2018)

Saudi Arabia kept pricing for its main crude grade to Asia unchanged for a second month as the world’s largest crude exporter responds to slower seasonal demand.<br/><br/> State-owned Saudi Arabian Oil Co, known as Saudi Aramco, set the official pricing

Aramco completes 1.7-km Corniche development
(Trade Arabia - 06/02/2018)

Saudi Aramco has completed a 1.7-km-long Baish Corniche linear public park north of Jazan Primary and Downstream Industries City along the Red Sea Coast in the Western Province.<br/><br/> The recreation area overlooking the sea spans about 280,000 sq m

Saudi Aramco's listing venue to be finalised soon
(Times of Oman - 04/02/2018)

Saudi Arabia wants to complete talks with strategic investors such as China, Japan and South Korea before deciding where to list shares in state oil company Saudi Aramco, three sources familiar with the discussions said.<br/><br/> The decision shows the

Aramco, Google in talks to set up Saudi hitech hub
(Trade Arabia - 04/02/2018)

State-owned oil giant Saudi Aramco and Google parent Alphabet, two of the world’s biggest companies, are in talks about jointly building a large technology hub inside the kingdom, said a report citing people familiar with the potential deal.<br/><br/> As

Alphabet, Aramco in talks to build tech hub in Saudi Arabia —WSJ
(Arab News - 02/02/2018)

Google parent Alphabet Inc. is in talks with Saudi state oil company Saudi Aramco about jointly building a technology hub in Saudi Arabia, the Wall Street Journal reported, citing people familiar with the matter. It is not clear specifically whose data

Aramco eyes India refinery investment
(Trade Arabia - 01/02/2018)

Saudi Aramco views India as a very important investment destination and plans for a refinery in the country are crystallising, the Saudi Arabian oil giant's president and CEO said in an interview.<br/><br/> Aramco wants to expand further in Asia as part

Saudi Aramco sets February propane price at $525 a tonne
(Gulf News - 01/02/2018)

State-run Saudi Aramco has set its February contract price for propane at $525 a tonne, down from $590 a tonne in January, the company said on Wednesday. The price provides a benchmark against which Middle East sales of liquefied petroleum gas (LPG) to

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