NEWS
Posted inDownstream
Aramco refining unit’s $1.3 billion IPO oversubscribed 2.3 times
Luberef is one of the largest base oils producers in the world and the leading base oils producer in Saudi Arabia
Posted inNews
Saudi Arabia to launch 800 industrial projects next year
The projects will have a combined value of more than $266 billion
Posted inEnergy Transition
FedEx begins electric vehicle trials in UAE
The trial represents the debut of zero-tailpipe emissions vehicles for FedEx in the MENA region
Posted inNews
Saudi Aramco reportedly talking to investors for $110 billion Jafurah gas project
According to Bloomberg, Aramco is seeking equity investors to fund the development of midstream and downstream projects at Jafurah
Posted inNews
Petrofac secures EPC contract from ADNOC
This award follows the September 2022 announcement that Petrofac will continue to support ADNOC’s operations at the Haliba oil field
Posted inExploration & Production
Saudi Arabia, Kuwait sign agreement to develop Al-Durra gas field
The project is being jointly developed by Saudi-based Aramco Gulf Operations Co and Kuwait Gulf Oil Co
Posted inNews
Saudi Aramco signs major deal with China’s Shandong Energy
The move strengthens Aramco’s efforts to supply energy, petrochemicals and non-metallics to China
Posted inNews
World’s largest crude oil exporter reports whopping $27 billion budget surplus
Saudi Arabia recorded its first annual budget surplus in nearly a decade