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Oil & Gas Companies News in Saudi Arabia

Saudi Aramco picks Dow Chemical for petchem plant
7/10/2006 - Saudi Aramco said it will build a petrochemical plant at Ras Tanura in Saudi Arabia with U.S. chemical maker Dow Chemical Co. "Aramco has chosen Dow Chemical to enter into negotiations with it on a pa...
SABIC Increases Its Share to 10% in IBN ZAHR Affiliate
7/3/2006 - SABIC completed operational procedures to purchase the Finnish Neste Oil’s 10% share of capital in SABIC affiliate, IBN ZAHR. US$ 120 million, representing the share, has been paid to Neste Oil. The a...
Saudi Aramco Eyes New Refinery MoUs by End May
5/1/2006 - Saudi Aramco said that it hopes to sign deals with Total and ConocoPhillips for two new refineries in the kingdom by the end of May. The cost of each project was expected to be around $6 billion. The ...
Saudi Aramco Signs MOU With Sinopec
4/23/2006 - Saudi Aramco signed a Memorandum of Understanding (MOU) here Saturday to enhance the strategic commercial partnership between the two companies.In the MOU, Sinopec and Saudi Aramco re-emphasized their...
APICORP 30th Ordinary Meeting In Qatar
4/5/2006 - The General Assembly of Arab Petroleum Investments Corporation (APICORP) – an affiliate of the Organisation of Arab Petroleum Exporting Countries (OAPEC) - held its 30th Ordinary Meeting on Friday 31s...
SABIC Increases Its Stake in IBN ZAHR to 80%
3/28/2006 - Saudi Basic Industries Corporation (SABIC) signed an agreement to purchase NESTE Oil's 10% stake in the Saudi European Petrochemical Company (IBN ZAHR). Following the transaction, SABIC will own 80% o...
Middle East Petrochemical Industry Breaks New Ground With the Launch of The GPCA
3/1/2006 - A Memorandum of Understanding has recently been signed by the founding members of the Gulf Petrochemicals and Chemicals Association (GPCA), thus creating the first voluntary, non-profit association of...
Khurais Oil Project Takes Major Step
3/1/2006 - The largest crude increment program ever to be carried out by Saudi Aramco took a major step forward with a key job explanation meeting held recently in Dhahran. Saudi Aramco met Feb. 22 with contract...
Al-Naimi: Terrorist Attempt Forestalled
2/24/2006 - His Excellency the Minister of Petroleum and Mineral Resources, Ali bin Ibrahim Al-Naimi, has announced that Saudi security agencies and Saudi Aramco employees forestalled a terrorist attempt at the A...
Aramco Approves Projects for 2006
10/19/2005 - The Saudi Aramco Board of Directors, at its fall meeting in Dhahran, urged management and employees at all levels to continue their high level of efficiency and productivity. The board, under the chai...
Saudi Refining, Inc. to donate $5 million toward Hurricane Katrina relief
9/2/2005 - Saudi Refining, Inc., a subsidiary of the Saudi Arabian Oil Company (Saudi Aramco) has announced it will donate $5 million to the American Red Cross to support relief efforts for victims of Hurricane ...
Establishing the first private sector petroleum company
6/5/2005 - After an initiative from the Saudi private sector, the first private petroleum company has been established under the name of PETROLEUM AND MINERALIZATION company (petrolec) and its headquarters lies ...
Saudi Aramco and Indian Oil Corporation Sign Accord
4/1/2005 - DHAHRAN- Saudi Aramco and Indian Oil Corporation Ltd. (IOC) has signed a Memorandum of Collaboration to evaluate future cooperation in petroleum research and development and the commercial exploitatio...
Jacobs Receives Contract from Saudi Aramco
3/9/2005 - -Jacobs Engineering Group announced that a subsidiary company received a contract to provide program management services to Saudi Aramco for multiple onshore projects. Officials did not disclose th...
Sasref Reorganizes for Top Performance
3/2/2005 - JUBAIL, March 02, 2005 -- A new organizational structure designed to achieve best-in-class performance in the Asia Pacific Region and the Middle East has been adopted by Saudi Aramco Shell Refinery ...
Saudi Aramco CEO Seeks Closer Ties with India
1/16/2005 - NEW DELHI, India, January 16, 2005 -- Saudi Aramco's president and chief executive officer, Abdallah S. Jum'ah, called today for closer cooperation between his company - the world's largest oil prod...
Aker Kvaerner expands presence in Saudi Arabia
11/30/2004 - London/Zoetermeer, 30 November 2004: Aker Kvaerner is to build on its presence in Saudi Arabia through the consolidation of the activities of its two in-Kingdom organisations, John Brown SA Ltd and Sa...
Al-Falih Named Senior VP for Aramco
7/27/2004 - DHAHRAN, July 27, 2004 -- Khalid A. Al-Falih was elected senior vice president, effective Aug. 1, at the July 22 Board of Directors Executive Committee meeting.

Al-Falih joined the compa...
Saudi Aramco Acquires Shareholding in Showa Shell, Japan
7/5/2004 - DHAHRAN, July 05, 2004 -- The Saudi Arabian Oil Company (Saudi Aramco) today signed an agreement that will expand its worldwide refining and marketing presence and ensure a continued reliable source...
Lukoil Overseas and Saudi Aramco Signed Joint Venture Shareholders Agreement
3/4/2004 -  According to LUKOIL tender obligations under Contract Area A exploration project (Saudi Arabia), LUKOIL Overseas, the operator of LUKOIL international upstream projects, and Saudi Aramco company have...

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