Tag: Aramco

Saudi To Supply Additional Crude TO Some Asian Refiners In Nov – Sources

October 11, 2021

PARIS, France – Saudi Aramco has agreed to supply additional crude to at least three Asian buyers in November, while meeting full contractual volumes for four others, sources with knowledge  of the matter said on Monday. Full supply volumes were expected for the month, one of the source said. The world’s top oil exporter has … More Saudi To Supply Additional Crude TO Some Asian Refiners In Nov – Sources

China’s Boasteel, Aramco Ink Pact On Saudi Steel Plate Factory

September 8, 2021

Milan / Italy – – Boashan & Steel Co Ltd (Boasteel), China;s biggest listed steelmaker, said on Wednesday it had signed an initial pact with the world’s top crude oil producer Saudi Aramco to study building a steel plate factory in Saudi Arabia. The nonbinding memorandum of understanding was one of a number of agreements … More China’s Boasteel, Aramco Ink Pact On Saudi Steel Plate Factory

Saudis Intercept Houthi Missiles And Drones Aimed At Oil Region

September 5, 2021

Dubai / UAE – – Saudi Arabia intercept a ballistic missile and armed drones fired at its oil – rich Eastern Region by Yemen’s Houthi group on Saturday, and two children were injured by the resulting shrapnel, the ministry of defence said. The Houthi movement, which has been at war against a Saudi – led … More Saudis Intercept Houthi Missiles And Drones Aimed At Oil Region

Yemen’s Houthi Group Says It Has Attacked Aramco Facilities

September 5, 2021

Dubai / UAE – – Yemen’s Houthi group attacked oil facilities belonging to Saudi Aramco in Ras Tanura, in the east of the Kingdom, and other locations including Jeddah, on the Red Sea coast, a military spokesman for the Iran – aligned group said on Sunday. The group said it attacked the facilities with drones … More Yemen’s Houthi Group Says It Has Attacked Aramco Facilities

Saudi Aramco Q2 Profit Soars On Higher Prices, Demand Recovery

August 9, 2021

Saudi Arabian state oil producer Aramco reported a near four – fold rise in second – quarter net profit on Sunday, beating expectations and boosted by higher oil prices and a recovery in oil demand. Aramco said its results were supported by the global easing of COVID – 19 restrictions, vaccination campaign, stimulus measures and … More Saudi Aramco Q2 Profit Soars On Higher Prices, Demand Recovery

Saudi Aramco Says Qassim Petroleum Products Distribution Station Back To Work

August 8, 2021

Saudi Arabia’s Aramco said the Qassim petroleum products distribution station has resumed work and there is no shortage of petroleum supplies in the station, the Saudi state news agency (SPA) reported on Saturday. The Saudi giant added that the station is now working to restore normal levels of operations. Earlier on Saturday Aramco said that … More Saudi Aramco Says Qassim Petroleum Products Distribution Station Back To Work

Saudi Arabia To Supply Full July Crude Oil Volumes To Buyers In Asia – Sources

June 11, 2021

Saudi Arabia, the world’s top crude oil exporter, will supply full volumes of July – loading crude to its Asia customers, five sources with knowledge of the matter told Reuders on Friday. OPEC+ agreed in April to gradually ease oil output cuts from May to July and confirmed the decision at a meeting on June … More Saudi Arabia To Supply Full July Crude Oil Volumes To Buyers In Asia – Sources

Saudi Aramco Mandates Banks For Inaugural Dollar Sukuk

June 7, 2021

Saudi Aramco has hired a large group of banks to arrange its inaugural issaunce of U.S. dollar – denominated sukuk, a document showed on Monday, as it seeks cash to fulfill large commitments to its major shareholder, the Suadi government. The banks  will arrange fixed income investor cals starting on Monday, the document from one … More Saudi Aramco Mandates Banks For Inaugural Dollar Sukuk

Saudi Aramco To Prioritise Energy Supply To China For 50 Yrs, Says CEO

March 21, 2021

Saudi Aramco will ensure China’s energy security remains its highest priority for the next 50 years and beyond as new and existing energy sources run in parallel for some time, CEO Amin Nasser told the China Development Forum on Sunday. Saudi Arabia, the world’s biggest oil exporter, retained its position as China’s top supplier in … More Saudi Aramco To Prioritise Energy Supply To China For 50 Yrs, Says CEO

Saudi Aramco 2020 Net Profit Slumps 44.4% As COVID-19 Bites

March 21, 2021

Saudi Arabia state oil giant Aramco on Sunday reported a 33.4 drop in 2020 net profit, hit by lower crude oil prices and volumes sold, and weakened refinery margins, as the coronavirus pandemic depressed demand. Net profit fell to 183,76 billion riyals ($49.00 billion) for the year that ended December 31, from 330,69 billion riyals … More Saudi Aramco 2020 Net Profit Slumps 44.4% As COVID-19 Bites