Aramco, Baoshan Iron & Steel Co., and the Public Investment Fund (PIF) have signed an agreement to establish an integrated steel plate manufacturing complex in Saudi Arabia. Subject to customary regulatory approvals and closing conditions, the joint venture complex is expected to be located in Ras al-Khair Industrial City, one of the four new Special […]
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‘Another milestone’: Saudi Arabia ships low-carbon ammonia to Japan
A first shipment of independently-certified low-carbon ammonia has arrived in Japan for use as fuel in power generation. This initiative is part of broader efforts by Aramco and Saudi Basic Industries Corp. Agri-Nutrients to establish a global supply network for this lower-carbon fuel. Olivier Thorel, Aramco SVP of Chemicals, said: “This is another milestone that highlights the […]
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Aramco awards contract for Zuluf development program
Aramco has awarded a $4.4 million contract to Synectics PLC to supply specialist camera stations for the Zuluf development program. The security and surveillance systems company said that the systems are expected to be delivered by the end of its financial year on Nov. 30. “Activity levels in the oil and gas market are now […]
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Saudi prince transfers $80 billion Aramco stake to key subsidiary
Saudi Arabia’s sovereign wealth fund PIF (Public Investment Fund) has transferred 4% of its issued shares in state oil giant Aramco—valued at around $80 billion—to one of its key subsidiaries, Sanabil Investments. HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, the Crown Prince and Prime Minister and PIF Chairman, said the transfer of part […]
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Saudi jobs: Aramco launches new hiring platform for freelancers
Saudi Aramco and the Future Work Business Services Company have announced the launch of the Human Resources Platform on Demand called Madd in a bid to enable independent workers and trained professionals to access job opportunities with large companies and entities. The platform aims to contribute to building a sustainable economic system by linking Saudi […]
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Saudi jobs: Aramco ‘significantly’ increasing hiring, job opportunities, says HR boss
In an exclusive interview with Oil & Gas Middle East, Aramco’s SVP of human resources Faisal A. Al-Hajji, discusses job opportunities for engineers, attracting Saudi talent, and more. Oil & Gas Middle East: As the company ramps up projects, will you have more job opportunities for engineers? Al-Hajji: As the company is guided by engineers, […]
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Inside Saudi Aramco’s $21 billion Jazan Refinery Complex
In 2006, Saudi Arabia made ambitious plans to build a new industrial city in Jazan, in the far south-west of the Kingdom. The main aim of this initiative, the Jazan Economic City Project, was to expand the economic development of the region. At the heart of the project is Aramco’s fully integrated Jazan Refinery and […]
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Aramco awards major offshore contracts in production expansion push
Saudi energy giant Aramco has awarded major offshore contracts amid aggressive investment push to scale up output. A pairing of Indian engineering giant Larsen & Toubro (L&T) and Oslo-listed Subsea 7 last month landed multiple EPC contracts from Saudi Aramco under the latter’s long-term agreement (LTA) framework to which a select group of international contractors […]
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Saudi Aramco’s $10 billion refinery megaproject: Everything you need to know
Saudi Aramco’s joint venture Huajin Aramco Petrochemical Co (HAPCO) earlier this week broke ground on a $10 billion integrated refinery and petrochemical complex in Panjin city in China’s Liaoning Province. HAPCO is a joint venture between Aramco (30%), NORINCO Group (51%) and Panjin Xincheng Industrial Group (19%). Aramco announced earlier that the complex was expected […]
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Forum Energy Technologies secures $25 million contract from Saudi Aramco
Houston-based technology provider Forum Energy Technologies (FET) has secured a $25 million contract for providing the design, engineering services and supply of four electrostatic desalter systems for an onshore project at the Safaniyah oil field in Saudi Arabia. FET has a major presence in Saudi Arabia serving the oil, natural gas, industrial and renewable energy […]
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