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  • Iranian missiles used in Yemen’s latest Aramco attack, says Saudi Arabia

    “All of the missiles and drones that came into Saudi are Iranian-manufactured or Iranian-supplied,” Adel Al-Jubeir, minister of state for foreign affairs, said in an interview with Arab News published Friday afternoon. “Several of them, as we’ve said, came from the north; several came from the sea.”

  • Yemen’s Houthis say drone attack hit Saudi Aramco in Riyadh

    Yemen’s Iran-aligned Houthi group on Friday said it hit a Saudi Aramco facility in Riyadh, in an attack comprising six armed drones. There was no immediate confirmation of the attack, or any damage, from Saudi authorities.

  • Shipbuilding giant inks hydrogen deal with Saudi Aramco

    Under a memorandum of understanding, Hyundai Oilbank, the oil refinery unit of HHI Group, will import liquefied petroleum gas from Saudi Aramco which will be turned into blue hydrogen.

  • Saudi Arabia Pays More Aramco IPO Fees as Wall Street Misses Out

    The additional money brings the sum that the kingdom paid to the banks on the $29.4 billion initial public offering to just over $100 million, a tiny figure sum by global standards. T-Mobile US Inc. paid roughly twice that amount last year for a share sale that was about half the size of the Aramco offering, according to data compiled by Bloomberg.

  • Citigroup Is Said to Name Key Banker on Aramco IPO as Saudi CEO

    Al Khatib, previously head of investment banking at NCB Capital, was one of the key bankers on the initial public offering of Saudi Aramco in 2019, the biggest ever after raising almost $30 billion. That deal was led by NCB Capital, along with Samba Capital and HSBC Holdings Plc’s Saudi unit, after the kingdom decided to focus on selling the shares to domestic investors and relegated the international banks on the IPO -- including Citigroup -- to more junior roles.

  • Aramco’s entrepreneurship arm to support startups at Saudi Arabian industrial zones

    The entrepreneurship arm of Saudi Aramco, Wa’ed, has signed a memorandum of understanding (MoU) with the Royal Commission for Jubail and Yanbu (RCJY) to support the creation of new startups and small and medium-sized enterprises (SMEs) in Saudi Arabia’s two largest industrial cities. The MoU was signed by Wa’ed managing director, Wassim Basrawi, and RCJY general manager, Dr. Ahmed Zaid Al-Hussain, at a virtual ceremony.

  • How Saudi Aramco’s localisation programme helped battle the pandemic

    For example, since the launch of iktva in 2015, our suppliers have tripled their local purchases of goods and services. There has also been a 13-fold increase in spending by our main suppliers in developing local sub-suppliers

  • Saudi Aramco investing ‘significant amounts’ in blockchain platforms to increase efficiency

    The company is using blockchain technology to standardize business processes to increase efficiency and reduce costs. Blockchain benefits include cybersecurity, data resilience, privacy, improved data quality and fraud reduction.

  • KAUST, Saudi Aramco make progress on one-step Crude-to-Chemicals technology

    Light olefins such as ethylene and propylene are some of the important building blocks for the plastic, construction and textile industries. Initial findings from the collaborative research on the 1-Step C2C technology have just been published in Nature Catalysis. The researchers demonstrated that the direct transformation of crude to chemicals in a one-step process is possible.

  • Saudi Aramco raises most Asia, US-bound April OSPs, cuts Europe OSPs

    Saudi Aramco raised its official selling prices for its light and medium crude oil grades bound for Asia and the US, while cutting prices across all crude grades bound for Europe, the company said in a notice on March 8.