Saudi Aramco has signed a $6 billion framework deal with the Export-Import Bank of Korea that could help South Korean companies win contracts in the Kingdom. According to the agreement, Eximbank can lend up to $6 billion to Saudi Aramco which can be used to pay South Korean companies involved in projects with the energy […]
Aramco
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NESR secures well testing contract from Aramco
National Energy Services Reunited Corp (NESR) announced that it has been awarded a long-form well testing contract from Saudi Aramco. This contract is expanding well testing services provided to Aramco on various applications with the latest technology deployed by NESR in Saudi, the statement mentioned. Earlier this year, NESR was awarded a nine-year, wireline services […]
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Top 5 oil and gas contracts in the Middle East: February 2023
In case you missed the announcements, here is a list of the top five contracts secured for oil and gas projects in the region
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Aramco signs pact with Renault, Geely for engine venture
Aramco has signed a letter of intent with Renault and Geely to become a potential minority stakeholder in a new powertrain technology company, Aramco announced today. The new company will be dedicated to internal combustion and hybrid powertrain technologies. Aramco’s investment would support the growth of the company, and contribute to key research and development […]
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Aramco’s refining unit awards $148 million EPC contract for Yanbu Growth II Expansion project
Saudi Aramco Base Oil Co (Luberef) has awarded a $148.55 million engineering, procurement and construction (EPC) contract to Egypt’s Petrojet for Yanbu growth II expansion project. The project will expand the Yanbu facility’s base oils (Group II and Group III) production capacity to 1.3 million Metric Tonnes (MT) per annum by 2025, the company said […]
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Rockwell Automation appoints new managing director for Saudi Arabia
The appointment of Al Khater aligns with a reorganisation of Rockwell Automation’s business operations in the region
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Aramco to supply full crude contract volumes to Asia refiners in MarchÂ
Saudi Aramco has told at least four customers in North Asia they will receive full contract volumes of crude oil in March, Reuters reported on Friday, citing several sources with knowledge of the matter. Saudi Arabia, the world’s top oil exporter, unexpectedly raised the official selling prices for its flagship Arab Light in March amid […]
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Aramco signs partnership with Zoom; allocates $300 million to Wa’ed Ventures
As part of the deal, Aramco aims to build Zoom’s first global data center in the Kingdom
Posted inPeople
Multi-billion oil and gas projects to create significant jobs in the Middle East
Strong outlook ahead for Middle East oil and gas jobs, according to a recruitment expert.
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Top 5 oil and gas contracts in the Middle East: January 2023
In case you missed the announcements, here is a list of the top five contracts secured for oil and gas projects in the region
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