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Saudi Aramco to boost oil capacity by 550,000bpd in Q4
(Reuters - 29/09/2018)

State oil giant Saudi Aramco is expected to pick up an additional 550,000 bpd of oil production capacity from two major oil fields in the fourth quarter, so it would be able to increase production if there’s demand, said a report. <br/><br/> If Aramco

SABIC prepares to meet investors to offer bond
(Arab News - 26/09/2018)

Saudi Basic Industries Corp. (SABIC) is preparing to offer its dollar-denominated unsecured bond to the global market with investor meetings due to start this week.<br/><br/> The Kingdom’s petrochemical giant will be meeting investors in London, New

Aramco 'committed to cut greenhouse gas emissions'
(Trade Arabia - 26/09/2018)

Saudi Aramco, the world's leading integrated energy and chemicals company, has reinforced its commitment to reduce climate change-causing greenhouse gas emissions, at annual Oil and Gas Climate Initiative (OGCI) meeting in New York.<br/><br/> Saudi

Saudi Aramco Trading aims for 50% rise in oil trade volume in 2020
(Arab News - 25/09/2018)

Saudi's Aramco Trading Company (ATC) expects to increase its oil trading volume to 6 million barrels per day (bpd) in 2020, 50 percent higher than current levels, the company's top official said on Monday.<br/><br/> "Currently ... we're at 4 million

Sabic, Clariant sign deal for speciality materials
(Trade Arabia - 20/09/2018)

Sabic, the world’s third largest diversified petrochemicals company, has signed an agreement with Clariant towards taking steps to establish certain elements of its Specialties business as a stand-alone business.<br/><br/> The strategic purpose of this

Clariant and SABIC deepen ties under new partnership
(Arab News - 19/09/2018)

Switzerland’s Clariant and new anchor shareholder Saudi Basic Industries Corp. (SABIC) will merge their high-performance materials businesses and install a SABIC manager as head of the group as they strengthen their partnership.<br/><br/> The new joint

Saudi Aramco unit hosts first graduation ceremony
(Trade Arabia - 19/09/2018)

Saudi Aramco, a world leader in integrated energy and chemicals, said one of its units, Saudi Arabian Drilling Academy (Sada) held its first graduation for a cohort of 132 students representing 34 drilling and services companies.<br/><br/> This comes in

Aramco, Schneider sign agreement for 4IR solutions
(Trade Arabia - 17/09/2018)

Saudi Aramco and Schneider Electric Saudi Arabia have signed an agreement to pursue a variety of Fourth Industrial Revolution (4IR) solutions under the Digital Transformation Program led by Saudi Aramco’s Technical Services.<br/><br/> Ahmad A Al Ghamdi,

Sabic wins nod to buy nearly 25pc stake in Clariant
(Trade Arabia - 13/09/2018)

Saudi Basic Industries Corp (Sabic), a global leader in diversified chemicals, has received approvals for the purchase of a 24.99 per cent stake in Clariant, the Swiss-based speciality chemicals leader said.<br/><br/> “An unconditional closing of the

Aramco awards contract to build drilling islands to sustain target oil capacity
(Saudi Gazette - 12/09/2018)

Saudi Arabian Oil Company (Saudi Aramco), in its bid to produce an additional 250,000 barrels per day of Arabian Light crude oil from the Berri Oil Field to reach 500,000 barrels per day to maintain Saudi Aramco’s maximum sustained capacity by early

Sabic inks pact for large-scale petchems complex in China
(The National - 12/09/2018)

Sabic, the Middle East’s largest chemicals company signed a preliminary agreement to develop a large-scale petrochemicals complex in the Chinese province of Fujian as the firm looks to expand its footprint in one of the world's biggest markets for

China Harbour wins Aramco order for drilling islands
(Trade Arabia - 12/09/2018)

Saudi Aramco has awarded today (September 11) a contract to China Harbour Engineering Arabia for the construction of two drilling islands under the company’s Berri Increment Program (BIP).<br/><br/> The objective of the BIP is to produce an additional

SABIC and Clariant to deepen alliance as regulators back stake deal
(Arab News - 11/09/2018)

Saudi Basic Industries Corp won regulatory approvals on Monday to buy a quarter of Swiss chemicals maker Clariant, cementing a partnership they hope will drive profit.<br/><br/> The world's fourth-largest chemicals maker said in January it was buying a

Aramco awards major Marjan field deal to BHGE
(Trade Arabia - 05/09/2018)

Saudi Aramco has awarded the first large-scope integrated services contract for its Marjan oilfield – the first of three major offshore expansions in Saudi Arabia, and the company’s largest upstream development project this year – to Baker Hughes, a GE

Bruised bankers seek consolation prizes after shelved Aramco IPO
(Arab Times - 02/09/2018)

Investment banks which lost out on big payouts for the work on the shelved listing of oil giant Aramco are lining up for a raft of other projects as Saudi Arabia pursues reforms. Banks including JPMorgan and Morgan Stanley worked for months to prepare

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