Tag: Aramco

DHAHRAN – WEBWIRE – Friday, May 13, 2022 MoU targets supply and trading of crude oil, petrochemicals and LNG Feasibility of different feedstock processing models studied Focus on clean energy, carbon capture and electric vehicles Potential collaboration across upstream and downstream operations Saudi Arabian Oil Company (“Aramco”) is exploring further collaboration with Thailand’s national oil company PTT, as it expands its downstream presence in Asia. The two companies signed a memorandum of understanding at a ceremony in Bangkok on May 11. The companies aim to strengthen cooperation across crude oil sourcing and the marketing of refining and petrochemical ... Read more

-Investments widen Aramco’s presence in European downstream sector -MoU with PKN Orlen and SABIC to explore joint opportunities in region -Companies assess potential research and development collaboration DHAHRAN – WEBWIRE – Wednesday, January 12, 2022 The Saudi Arabian Oil Company (“Aramco” or “the Company”), the world’s largest integrated energy and chemicals company, is expanding its global downstream presence with investments in Poland’s refining, wholesale, and jet fuel marketing segments. The Company has agreed to acquire equity stakes of 30% in a 210,000 barrels per day refinery in Gdansk; 100% in an associated wholesale business; and 50% ... Read more

Saudi Arabian Oil Company (“Aramco”) and Advanced Electronics Company (“AEC”), a SAMI company, are collaborating to promote the localization of digital businesses in Saudi Arabia. The two companies have signed a memorandum of understanding (MoU) to accelerate the Kingdom’s digital ecosystem development. The partnership aims to support wider efforts to enable Internet of Things (IoT) technologies, computing and communication, robotics, drones, and semiconductors that complement the expansion of the digital ecosystem at large in the Kingdom. Aramco has included the Industrial Digital Business (IDB) under the industrial investment program, Aramco Namaat, which ... Read more