Month: May 2017

Saudi Aramco signs landmark Joint Venture agreement with Lamprell, Bahri, and Hyundai heavy industries to establish a world-class maritime yard in Saudi Arabia

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

OTC: meeting offshore challenges with innovation and collaboration

Even as Aramco expands further downstream in refining and chemicals, the company’s commitment to its core upstream oil and gas program remains strong. For attendees at the annual Offshore Technology Conference (OTC), the world’s largest oil and gas industry event, this comes at a time when continued long-term investment is needed to meet growing global

Groundbreaking ceremony for Saudi Aramco–Norinco Refining, Petrochemical and Retail Project

Saudi Aramco, China North Industries Corporation (NORINCO), and Panjin Xincheng Industrial Group, Co., Ltd. signed the joint development agreement and held a groundbreaking ceremony for the Saudi Aramco – NORINCO Refining, Petrochemical and Retail Project in Panjin, in northeast China’s Liaoning province. The idea for this project received a major boost during the visit by The Custodian

Kingdom opens investment chances to Korean businesses

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. Organized by Aramco Asia-Korea (AAK) in collaboration with Sadara Chemical Company, the Royal Commission for Jubail and Yanbu’ (RCJY), and the Saudi Arabian Industrial

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