Related to Performance
KHOBAR, Saudi Arabia, February 24, 2020
56% of Saudi Aramco’s procurement spent in-Kingdom in 2019 compared to 35% in 2015
DHAHRAN, Saudi Arabia, February 22, 2020
Jafurah is the largest unconventional non-associated gas field in the Kingdom, with a length of 170 km and a width of 100 km.
RIYADH, Saudi Arabia, February 04, 2020
Amin Nasser urges greater efforts to enhance regional cybersecurity collaboration and international cyber-deterrence.
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.
DHAHRAN, Saudi Arabia, August 12, 2019
Saudi Aramco today announced for the first time its half-year financial results. The Company’s net income was $46.9 billion for the first half 2019, compared to $53.0 billion for the same period last year. Earnings before interest and tax was $92.5 billion, compared with $101.3 billion a year earlier.
DHAHRAN, Saudi Arabia, July 09, 2019
34 contracts awarded, boosting fields’ production capacity by 550,000 barrels per day of Arabian Crude Oil and 2.5 billion standard cubic feet a day of gas.
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 and SAN DIEGO, California, U.S., May 22, 2019
Principal terms for 5 Mtpa of LNG offtake and a 25% equity ownership.
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.
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 Arabia, December 06, 2018
Called SPARK, the megaproject is designed to position Saudi Arabia as a global energy hub that furnishes a dynamic, enabling environment for foreign and domestic investment.
DHAHRAN, Saudi Arabia, November 20, 2018
Under the patronage of HRH Prince Saud bin Nayef bin Abdulaziz Al Saud, governor of the Eastern Province, Saudi Aramco will hold its 4th annual forum for the In-Kingdom Total Value Add (IKTVA) program November 26-27 at the Dhahran Expo Center in Dammam.
DHAHRAN, Saudi Arabia, November 19, 2018
2018 Saudi Aramco Quality Forum highlights quality, safety and excellence among local vendors.
RIYADH, Saudi Arabia, October 23, 2018
Agreements and commercial collaborations cover several sectors across energy industry, will further promote localization and diversification of the Saudi economy
SEOUL, June 27, 2018
Aramco Asia-Korea (AAK) hosted the “Saudi Aramco Contractors Forum” in coordination with Saudi Aramco’s Project Management Office Department and Procurement and Supply Chain Management in Seoul.
SEOUL, April 10, 2018
Saudi Aramco signed a comprehensive Memorandum of Understanding (MOU) with the Korea Trade-Investment Promotion Agency (KOTRA), to facilitate closer business cooperation under the framework of Saudi Arabia Vision 2030.
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.
BUSAN, October 24, 2017
Aramco Asia Korea (“Aramco Korea”) and Korea Trade-Investment Promotion Agency (“KOTRA”) hosted a business forum, titled “New Opportunities in Saudi Arabian Maritime Industry,” on October 24, at BEXCO, Busan. Consisting of two sessions, the event was held during the Kormarine Conference 2017, a premier annual international exhibition for local and international businesspeople working in the maritime industry.
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.
DHAHRAN, Saudi Arabia, May 31, 2017
Saudi Aramco signed a shareholder agreement with Lamprell plc (“Lamprell”), the National Shipping Company of Saudi Arabia (“Bahri”), and Hyundai Heavy Industries Co. Ltd (“HHI”) to enter into a joint venture (“JV”) partnership with respect to the establishment, development and operation of a world-class maritime yard, which is the anchor project within the King Salman International Complex for Maritime Industries and Services located in Ras Al-Khair, near the Jubail Industrial City on the Kingdom’s east coast.
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.