Related to Downstream
DHAHRAN, Saudi Arabia, December 17, 2019
Completion of acquisition of 17% of Hyundai Oilbank from Hyundai Heavy Industries Holdings, for approximately US$1.2 Billion.
DHAHRAN, Saudi Arabia and THE HAGUE, The Netherlands, September 18, 2019
Saudi Arabian Oil Company (Saudi Aramco) has completed the acquisition of Shell Saudi Arabia Refining Limited’s (Shell) 50% interest of the SASREF joint venture in Jubail Industrial City, in the Kingdom of Saudi Arabia, for $631 million.
SEOUL, June 26, 2019
Relationship between Saudi Aramco and S-Oil grows stronger with the inauguration of the new complex in South Korea.
SEOUL, June 26, 2019
Saudi Aramco and its affiliates signed 12 agreements with major South Korean companies to reinforce relationships with South Korea, expand international operations, and support the region’s energy security with the expansion of Arabian crude oil supply to Asian markets.
DHAHRAN, Saudi Arabia, June 18, 2019
Hydrogen fueling station is the first step in developing oil-based hydrogen transport within the Kingdom.
FUJAIRAH, United Arab Emirates, June 16, 2019
Aramco Trading Co., 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.
DHAHRAN, Saudi Arabia, April 21, 2019
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.
DHAHRAN, Saudi Arabia and SEOUL, April 15, 2019
The investment supports Saudi Aramco’s broader downstream growth strategy, as well as providing long term crude oil options and offtakes as part of our trading business.
DHAHRAN, Saudi Arabia, January 31, 2019
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.
AMSTERDAM, Netherlands, December 31, 2018
Saudi Aramco, a world-leading integrated energy and chemicals company; and LANXESS AG, a leading German specialty chemicals company, announced today the completion of Saudi Aramco’s acquisition of LANXESS‘s interest in ARLANXEO Holding B.V.
DHAHRAN, Saudi Arabia, December 26, 2018
Newly created company will allow Saudi Aramco to participate in the Kingdom’s fuel retail business, and become the trusted retailer of choice for superior customer experience, quality fuels, and convenience services.
DHAHRAN, Saudi Aramco, December 30, 2017
Saudi Aramco and its partners; Lamprell Plc, the National Shipping Company of Saudi Arabia (“Bahri”); and Hyundai Heavy Industries Co. Ltd. (HHI), today announced the official launch of their International Maritime Industries (IMI) joint venture. When fully operational in 2022, this integrated maritime yard will be one of the largest full-service maritime facilities.
DHAHRAN, Saudi Arabia, July 05, 2017
Saudi Aramco, Dussur – the Saudi Arabian Industrial Investments Company, and Hyundai Heavy Industries (HHI) announced a Memorandum of Understanding (MOU) to jointly collaborate on engines and pumps business development in the Kingdom of Saudi Arabia.
Seoul, May 15, 2017
Nearly 40 Korean companies and 100 participants recently attended the “Downstream Manufacturing Opportunities in Saudi Arabia” forum in Seoul, South Korea, as a way to promote investment opportunities in Saudi Arabia.