Qatar Petroleum signs deals to boost petchem output
(Trade Arabia - 30/04/2017)
In a move aimed at supporting Qatar's petrochemical industry, Qatar Petroleum (QP) recently signed agreements to supply additional quantities of ethane, which is used as feedstock, to a number of subsidiaries of Industries Qatar (IQ) and Mesaieed
SNC-Lavalin wins Aramco contract
(Saudi Gazette - 30/04/2017)
SNC-Lavalin was awarded a contract by Saudi Aramco for engineering and project management services for the Berri Increment Program, the engineering company said Saturday in a statement. New facilities are proposed at Saudi Aramco's existing plants at Abu
Aramco sponsors petroleum engineers forum
(Trade Arabia - 26/04/2017)
Saudi Aramco is participating as a Diamond Sponsor in the Annual Technical Symposium & Exhibition (ATS&E) of the Society of Petroleum Engineers - Saudi Arabia section. The event is taking place in Dhahran expo and will include various exhibitors,
HSBC wins mandate on $100-billion Saudi Aramco IPO
(Reuters - 24/04/2017)
HSBC Holdings Plc has been formally mandated as an adviser on the initial public offering of Saudi Arabia's national oil giant Aramco, expected to be the world's largest ever IPO, HSBC's chief executive said on Monday. Europe's biggest bank joins peers
Aramco's green plans look rosy ahead of IPO
(Arab News - 24/04/2017)
FOR those who may consider buying Saudi Aramco shares when the energy giant goes public in 2018, one factor to weigh is the company's green plan. The company wants to add more renewable and clean energy projects to its huge oil and gas portfolio. It has
China gathers state-led consortium for Aramco IPO
(Gulfnews - 20/04/2017)
China is creating a consortium, including state-owned oil giants and banks and its sovereign wealth fund, that will act as a cornerstone investor in the initial public offering of Saudi Aramco, people with knowledge of the discussions said. Saudi Aramco,
Aramco plays 'key role in diversifying Saudi energy mix'
(Trade Arabia - 18/04/2017)
Saudi Aramco plays a crucial role in diversifying the kingdom's energy mix through various projects and initiatives that aim at promoting the use and adoption of renewable energy, said a senior executive. The company's renewable energy efforts are aimed
Aramco's refinery plans set to sweeten IPO
(Arab News - 17/04/2017)
How can an oil and gas giant like Saudi Aramco boost its profile ahead of its planned share sale? There are three areas where Aramco can work its magic to sweeten the initial public offering (IPO) for investors: Booking more reserves, finding more
Manazel makes further cuts to planned Jordan development
(The National - 17/04/2017)
Abu Dhabi-based Manazel Real Estate said it has reduced for the second time the number of homes in its long-awaited housing project in Jordan, its first outside the UAE, because of "market feedback". In a statement to the Abu Dhabi bourse, Manazel said
Aramco CEO sees crude market closer to balance
(Bloomberg - 16/04/2017)
The global oil market is moving closer to balance even as increases in US oil production push prices down in the short-term, Saudi Arabian Oil Co chief executive officer Amin Nasser said. "This is not a good indication of where the market is likely to be
Saudi Arabia Opens Books for 5-Year, 10-Year Debut Islamic Bonds
(Bloomberg - 11/04/2017)
Saudi Arabia opened books for its first dollar-denominated Islamic bond, people familiar with the matter said, as the country seeks to plug a budget deficit caused by a collapse in oil prices. The government plans to sell the five-year sukuk in the 115
Analysis: Making Aramco more attractive to investors
(Arab News - 10/04/2017)
The first step has been taken in making Saudi Aramco more attractive to investors ahead of its planned initial public offering (IPO). On March 27, the Saudi government approved a new tax regime for hydrocarbon producers in the Kingdom, under which
May pitches London exchange to Saudis for 'massive' Aramco IPO
(Arab Times - 06/04/2017)
Britain's prime minister pitched the benefits of the London Stock Exchange during a visit to Saudi Arabia on Wednesday as the kingdom weighs which international market to list shares of oil giant Aramco in what many expect will be the largest public
Saudi Aramco signs MoUs with ADNOC, Masdar
(Arab News - 03/04/2017)
Saudi Aramco on Sunday signed two separate memorandums of understanding (MoUs) with Abu Dhabi National Oil Co. (ADNOC) and green energy firm Masdar. Saudi Aramco and ADNOC will collaborate on identifying technologies that could deliver improved
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