News and media
Aramco Asia Korea Ltd. (Aramco Korea), a fully owned subsidiary of Saudi Aramco, extended helping hands to ChildFund Korea (ChildFund) today, through a donation program that educates children about health awareness and protection, as part of Aramco Korea’s commitment to corporate social responsibility (CSR).
Aramco Asia Korea Ltd. (hereinafter Aramco Korea), a fully owned subsidiary of Saudi Aramco, today, as part of its commitment to corporate social responsibility (CSR), extended helping hands to local social welfare facilities, by presenting a donation for the installation of solar power generation systems for the Modesty, Integrity, Respect, Advocacy and Love (MIRAL) Welfare Foundation, a Korean charity organization, accredited by the United Nations Economic and Social Council.
Aramco Trading Co. (ATC), which expects to see its oil trading volume rise to 6 million barrels per day (bpd) by next year, has opened its second international office in Fujairah with the firm’s chairman and senior vice president of Downstream with Saudi Aramco, Abdulaziz M. Al-Judaimi, and ATC president and CEO Ibrahim Q. Al-Buainain in attendance.
The acquisition supports Saudi Aramco’s plan to increase the complexity and capacity of its refineries, as part of its long-term Downstream growth strategy.
Under the MoU, Daelim is planning to build a new 80,000 tons state-of-the-art Polyisobutylene (PIB) plant, which is expected to come on-stream in 2024.
RIYADH, Saudi Arabia
Saudi Aramco signs share purchase agreement to acquire 70% majority stake in SABIC from the Public Investment Fund of Saudi Arabia
Currently, Saudi Aramco and SABIC have petrochemicals production capacity of 17 and 62 million tons per annum respectively.
Saudi Aramco today released its 2017 Annual Review highlighting the significant calendar year achievements in progressing its long-term strategy as the world’s leading integrated energy company.
Seoul Energy Dream Center (SEDC), Korea’s first energy self-sufficient public building, opened its Solar Playground to the public, with the First Phase Completion Ceremony on October 11.