Saudi Aramco won the Best Exploration Technology Award at the recently held 2018 World Oil Awards, honoring groundbreaking strides in the oil and gas industry. The technology is SpiceRack, an innovative robotized solution for seabed seismic acquisition. The awards committee members also recognized the company with multiple finalist nominations. Synergistic Smart Water-based Polymer Flooding was a finalist for
At the highly impactful Future Investment Initiative (FII) forum in Riyadh today, Saudi Aramco signed 15 Memoranda of Understanding (MoUs) and strategic and commercial collaborations valued at more than US$34 billion with 15 international partner companies and entities from eight countries in 3 continents. These collaborations reflect the range and ambition of Saudi Aramco’s business
Saudi Aramco recently signed an MoU with Chinese Zhejiang provincial government during the 2nd International Petroleum and Natural Gas Enterprises Conference (IPEC), to acquire a share of Zhejiang Petrochemical’s new refinery project. Abdulaziz Al Judaimi, Sr. VP Downstream, said: “We are exploring opportunities for new refining and petrochemicals facilities, making further investments in China. Saudi
The commissioning of Yanbu South Terminal (YST) marked the addition of 3 million barrels per day to the West Coast export capacity when the first VLCC was loaded on October 12, 2018. Yanbu South Terminal, which is located south of Yanbu City on the West Coast of Saudi Arabia, consists of a tank farm and
At the invitation of the Honorable Minister Dharmendra Pradhan and the Indian Ministry of Petroleum and Natural Gas, Saudi Aramco played a central role in the second India Energy Forum. Hosted by CERAWeek IHS Markit and held October 14-16, the annual event fosters national and international dialogue on opportunities, challenges and strategies to bring about
Saudi Aramco and the Bahrain Petroleum Company (BAPCO) today announced the successful commissioning of AB-4 pipeline, a new phase of the strategic Saudi Aramco-Bahrain crude oil pipeline to meet the Kingdom of Bahrain’s growing energy demand. The new pipeline is capable of transporting up to 350 thousand barrels per day of crude oil. The thirty
Amin H. Nasser, President and Chief Executive Officer of Saudi Aramco and Patrick Pouyanné, Chairman and Chief Executive Officer of Total, signed today in Dhahran the joint development agreement for the front-end engineering and design (FEED) of a giant petrochemical complex in Jubail, on Saudi Arabia’s eastern coast. Announced in April 2018, the world-class complex
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