Category: News

Crude oil to chemicals project moves forward

With startup in 2025, the fully integrated Crude Oil to Chemicals (COTC) complex is on track to become the largest of its kind in the world. It will become a major contributor to Saudi Vision 2030, enabling a new era of industrial diversification, job creation, and technology development in the Kingdom. The complex is expected

Saudi Aramco, KOTRA sign MoU to strengthen collaboration

Saudi Aramco recently 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 Vision 2030. The MoU was signed by Ahmad A. Al Sa’adi, Saudi Aramco senior vice president of Technical Services, and Kwon Pyung-Oh, president of KOTRA. Under the MoU, working groups between

‘Roads of Arabia’ paves the way in the Far East

After a series of visits to European and U.S. cities, the The “Roads of Arabia” exhibition tour journeyed through the Far East region of China, South Korea, and Japan. More than a half million Asian visitors flocked to see over 400 rare archeological objects that cover a period going back to the Stone Age a

OPEC: Supply, investment, balance

Speaking at the OPEC International Seminar, Saudi Aramco president and CEO Amin Nasser said investment in the upstream oil sector would need to rebound following a period of decline from 2014 to 2016. “What we do at Saudi Aramco is invest over the long term — and our investments since the downturn, in both upstream

Aramco Asia-Japan reaches out to local suppliers

Aramco Asia-Japan’s (AAJ) Strategic Procurement and Logistics Department (SPLD) recently hosted the first Suppliers Forum in Tokyo to place stronger emphasis on fostering closer ties with commercial suppliers. Approximately 160 delegates from over 90 companies, as well as representatives from Japan’s Ministry of Economy, Trade and Industry, the Japan External Trade Organization, and all three

Saudi Aramco Signs Framework Agreement with ADNOC and MoU with Indian Consortium RRPCL to Jointly Pursue Ratnagiri Mega Refinery and Petrochemicals Complex on India’s West Coast

Saudi Aramco and the Abu Dhabi National Oil Company (ADNOC) announced today that they have signed a Framework Agreement to jointly develop the Ratnagiri Refinery and Petrochemicals Limited (RRPCL), a 1.2 million barrels per day integrated mega refinery and petrochemicals complex at Ratnagiri, 215 miles south of Mumbai in Maharashtra, India. The Framework Agreement was signed by

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