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Aramco, Russia varsity partner for upstream research
(Trade Arabia - 30/08/2018)

Saudi Aramco Upstream Technology Company (SAUTC), a Saudi Aramco company, has signed an agreement with Russia’s Lomonosov Moscow State University (MSU) for joint research primarily to explore oil and gas industry innovation with focus on upstream

Aramco-Sabic deal to spur consolidation in regional petchems
(The National - 29/08/2018)

The proposed stake sale of Sabic, the region’s biggest chemicals manufacturer, to the world's top oil producing company Saudi Aramco is expected to set into motion more consolidation in the regional industry, analysts said.<br/><br/> "If Aramco acquires

Saudi Arabia is said to grant Aramco 40-year oil concession
(Gulf News - 29/08/2018)

Saudi Arabia has granted its state-owned oil company a 40-year concession to exploit the kingdom’s hydrocarbon reserves as part of Aramco’s preparation for a potential initial public offering, a person familiar with the matter said.<br/><br/> The pact

Alba holds workshop ahead of Line 6 start-up
(Trade Arabia - 27/08/2018)

Aluminium Bahrain (Alba), in a move to enhance employees’ preparedness for its start-up of Line 6, recently continued the series of “MJ Preparation Workshop” with another session.<br/><br/> The session was delivered by Alba’s deputy chief executive

Saudi Aramco IPO 'halted', oil giant disbands adviser
(Times of Oman - 26/08/2018)

Saudi Arabia has called off plans for the domestic and international listing of state oil giant Aramco, billed as the biggest stock flotation in history, four senior industry sources said.<br/><br/> Financial advisers working on the planned listing have

Saudi Arabia denies move to cancel Aramco IPO
(Trade Arabia - 24/08/2018)

Saudi Arabia's energy minister has denied reports that the kingdom has cancelled plans to sell shares in state oil giant Saudi Aramco. Khalid al-Falih said in a statement published by Saudi Press Agency that the government would proceed with the

SABIC and Nottingham Spirk accelerate innovations
(Saudi Gazette - 15/08/2018)

Leveraging its unique ability to expand value for its customers while also contributing to Saudi Vision 2030, SABIC, a global leader in the chemical industry, is investing in new applications and methods of collaboration to innovate across the industry

Aramco set to become full owner of Arlanxeo
(Saudi Gazette - 13/08/2018)

Saudi Aramco, a world leading integrated energy and chemicals company, and leading specialty chemicals company, Lanxess, announced in a press release issued last Aug. 8 that Saudi Aramco proposed acquisition of Lanxess‘s interest in Arlanxeo, a

Aramco, Air Products, Acwa to form $8bn JV
(Trade Arabia - 13/08/2018)

Saudi Aramco, Air Products, and Acwa Power today announced the signing of a term sheet to form a gasification/power joint venture (JV) located at Jazan Economic City (JEC) in Saudi Arabia.<br/><br/> The JV will purchase the gasification assets, power

Saudi Aramco appoints senior VP of Finance
(Trade Arabia - 12/08/2018)

Saudi Aramco, a global petroleum and natural gas company, has appointed Khalid H Al-Dabbagh as senior vice president of Finance, Strategy & Development, effective September 1.<br/><br/> Al-Dabbagh has been the company’s financial controller since January

Aramco, Mazda, AIST to develop most advanced engine/ fuel combination
(Saudi Gazette - 09/08/2018)

SAUDI Aramco Technologies Company, Mazda and the National Institute of Advanced Industrial Science and Technology (AIST) on Wednesday announced a cooperative research program to develop advanced engine/fuel combinations, with potential for meaningful

Rabigh Petrochemicals sees 26% decline in second quarter profit
(The National - 09/08/2018)

Saudi Arabia’s Rabigh Refining and Petrochemical Company (Petro Rabigh), a joint venture between Saudi Aramco and Japan's Sumitomo Chemical, saw a 26 per cent decline in second quarter net profit, due to lower refined products margin, despite a nearly

Industries Qatar net profit surges by 56% in H1
(The Peninsula - 09/08/2018)

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, has reported a net profit of QR2.5bn and earnings per share of QR4.15 for the first half of

Aramco to buy remaining 50pc of JV with Lanxess
(Trade Arabia - 09/08/2018)

Specialty chemicals group Lanxess plans to sell its remaining 50 percent stake in Arlanxeo to its joint venture partner Saudi Aramco, a world-leading integrated energy and chemicals company. <br/><br/> The two companies, that founded Arlanxeo in 2016 as

Saudi Aramco, Malaysia’s Petronas tap banks for jumbo financing — sources
(Gulf News - 08/08/2018)

Saudi Aramco and Malaysia’s Petronas have approached banks to replace a short-term $8 billion loan raised earlier this year for a joint venture with long-term financing of approximately the same size, banking sources familiar with the matter said. The

MPHC first half net profit surges by 42% to QR666m
(The Peninsula - 07/08/2018)

Mesaieed Petrochemical Holding Company (MPHC), a subsidiary of Qatar Petroleum and one of the region’s premier diversified petrochemical conglomerates, reported a net profit of QR666m for the half of 2018, a 42 percent jump compared to QR469m during the

Saudi Aramco resumes oil shipments through Red Sea route
(Trade Arabia - 05/08/2018)

State oil giant Saudi Aramco said on Saturday that it has resumed oil shipments through Bab El Mandeb Strait. The company had last month halted all its shipments through the route following an attack on two of its very large crude carriers (VLCCs), each

Saudi Aramco deal throws IPO further into doubt
(Gulf News - 01/08/2018)

Saudi Arabia sought to raise billions through a historic Aramco IPO to remake its oil-dependent economy, but with those efforts floundering the state-owned giant is mulling what analysts call a risky Plan B.<br/><br/> The plan to float around five per

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