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  • Energy Services
    Saudi Aramco vet joins Halliburton board

    Halliburton has added 30-year Saudi Aramco veteran, Abdulaziz F. Al Khayyal to its board of directors, the company officially announced just weeks after its multi-billion dollar merger with rival Baker Hughes.

  • Refining Capacity
    New delays said to hit Saudi Aramco’s Jizan refinery

    The refinery, valued at $6 billion to $7 billion, is the centrepiece of a wider plan to revive the economy in one ofSaudi Arabia's poorest regions by developing an industrial city that produces and uses oil products for manufacturing. The complex had been scheduled to be completed in late 2016, but industry sources in the kingdom said last year that it faced delays of six to 12 months because work on associated infrastructure was behind schedule.

  • Saudi Oil Reserves
    Saudi Aramco’s Oil Resources To Grow To 900 Billion Barrels By 2025

    Aramco's CEO Khalid al-Falih said in January the company is "targeting to increase average recovery rates from our oil reservoirs by 20 percent which could add 160 billion barrels of additional reserves. That's more than the current reserves of the United States, Russia, China, the UK and Brazil combined."

  • Aramco Asia
    Saudi Aramco opens Asian subsidiary in Beijing

    After years of operating in Asia through its offices in Hong Kong and South Korea, Saudi Aramco, the Kingdom’s state-owned oil company, is opening a brand new Asian subsidiary, Aramco Asia, setting up shop in the Chinese capital, Beijing. Structured as a holding company, Aramco Asia will run all its Saudi parent company’s operations in an areas stretching from India in the west to Australia and New Zealand in the east.

  • Aramco and Asia
    Aramco Said to Name New Asia Head Amid OPEC’s Share Fight

    Aramco plans $100 billion of investments to become the world’s largest refiner with capacity to process 8 million to 10 million barrels a day of crude at home and abroad. The company has refineries in South Korea and China and it’s in talks to add other plants in China, Indonesia, and Vietnam. Aramco is targeting Asia for expansion as it starts to sell chemicals from its Saudi Sadara plant, a joint venture with The Dow Chemical Co., Aramco Chief Executive Officer Khalid al-Falih said said in May in Bahrain.

  • Sports Venues
    Aramco gets bids for 11 stadiums

    The new stadiums each with a capacity to accommodate 45,000 spectators, will be built in much the same way the state-of-the-art King Abdullah Sports City located about 50 km from Jeddah was built. A pre-bid meeting was held with selected groups in Bahrain on September 26. The bidders have been asked to submit their unit rates for work as Aramco has fast-tracked the scheme and the final designs have yet to be completed.

  • OIl
    Saudi Aramco trades first fuel oil derivative on Platts

    Saudi Aramco traded its first fuel oil derivative on Platts on Thursday and is expected to become more active in its paper trading activities, sources said.

  • Industry
    Aramco Refinery With Sinopec Said to Start Hydrocracker in 2015

    Yasref, as the joint-venture refinery is known, will produce low-sulfur diesel for export and have the fuel available for sale next year, the people said. The lower the sulfur content in diesel, the cleaner it is as a transport fuel. Yasref’s diesel will meet European specifications, the people said. Yasref media officials were unable to comment immediately by phone today.

  • Saudi Aramco
    Saudi Aramco capitalises on geography

    “Saudi Aramco’s entry into the petrochemical space is quite recent, since their facilities first started operations in 2007, so their rapid growth in the space is quite remarkable,” said Sanjay Sharma, vice president, Middle East and India at IHS Chemical. “Saudi Aramco is pursuing a business strategy that identifies advantaged feedstock and optimises the linkages between refinery, gas processing operations, and petrochemicals. This trend of integrating refineries and petrochemicals is common in other regions, but is a more recent trend in the Middle East, which is leading to more aromatics and derivatives production.”

  • Women in the Workplace
    Aramco, GE And Tata Open Saudi Arabia’s First All-Female BPO

    Spread across 3,200 square metres, the facility will create up to 3,000 local jobs for Saudi women within the next three years, the statement said. Saudi Aramco president and CEO Khalid Al Falih said: “The first all-female business process service center in Saudi Arabia brings significant value to the Saudi economy and society.