Saturday 26 July 2014
 
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aramco

Aramco unit buys $1.9bn stake in S Korean oil firm

Aramco Overseas Company (AOC), a unit of state-run oil giant Saudi Aramco, said on Wednesday it had agreed in principle to buy Hanjin Group's entire 28.4 per cent stake in South Korea's S-Oil Corp for about $1.95 billion.

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Saudi shipper plans long-term financing for Vela debt

National Shipping Company of Saudi Arabia (Bahri) plans to arrange long-term sharia-compliant financing in 2015 to replace a bridge loan backing its $1.3 billion acquisition of Saudi Aramco's marine unit, it said on Sunday. Th

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Argas wins Aramco seismic program deal

CGG, a fully integrated Geoscience company providing geological, geophysical and reservoir services, has announced that  Argas, its joint venture with Taqa in Saudi Arabia, has been awarded a major contract by Saudi Aramco. T

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Small fire at Aramco gas plant, no disruption

Saudi Aramco said emergency crews had put out an electrical fire on Monday in a transformer feeding a gas plant with no disruption to gas supplies. "As a precautionary measure, the Berri Gas Plant was taken off line, and it i

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Saudi Aramco eyes $100bn downstream investment

Oil giant Saudi Aramco said its downstream investments would exceed $100 billion over the next decade, as global demand for oil rises by a quarter in the next 25 years. "Globally, these investments will exceed $100 billion ov

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Aramco to invest $100bn in downstream

Oil giant Saudi Aramco said its downstream investments would exceed $100 billion over the next decade, as global demand for oil rises by a quarter in the next 25 years. "Globally, these investments will exceed $100 billion ov

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Aramco to set up gas stations

Oil giant Saudi Aramco plans to enter the kingdom’s retail market by setting up gas stations fully owned by the company, a report said. The move is part of the comapny's strategy to become an integrated energy firm with

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PetroRabigh expansion cost jumps to $8.5bn

The expansion of a petrochemicals complex in Saudi Arabia owned by Saudi Aramco and Sumitomo Chemical is now expected to cost 32 billion riyals ($8.5 billion), higher than previously estimated, the joint venture said. The expansio

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PetroRabigh expansion cost jumps to $8.5bn

The expansion of a petrochemicals complex in Saudi Arabia owned by Saudi Aramco and Sumitomo Chemical is now expected to cost 32 billion riyals ($8.5 billion), higher than previously estimated, the joint venture said. The expansio

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Saipem wins three Aramco contracts

Italy-based Saipem, a leader in engineering, procurement, project management and construction services, has been awarded three contracts by Saudi Aramco for onshore engineering and construction activities. Two EPC contracts releva

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