Aramco has obtained many investment opportunities thanks to the strategic alignment between BRI and Saudi Vision 2030. Aramco's relationship with China has gone far beyond crude oil sales and developed into a more …
HE Ali I. Al-Naimi, Saudi Arabia's Minister of Petroleum and Mineral Resources, officially opened the state-of-the-art 4,400 sq. meter Beijing Research Center, making it the latest addition to Saudi Aramco's global …
Hawiyah. We are expanding the gas processing capacity of our Hawiyah gas plant by more than 1 BSCFD. The new gas processing facilities, expected to be on stream in 2022, are anticipated to raise total production capacity of the plant to approximately 3.6 BSCFD, making it one of the largest gas processing facilities in the world.
Aramco and Rongsheng Petrochemical (Rongsheng) planned to buy stake in each other's units, according to a memorandum of understanding (MOU) the two sides signed here today. The MOU is another milestone following the agreement the two parties reached in March last year, marking an important step forward in fostering cross-border investment.
More than 3,000 delegates from nearly 100 countries around the globe recently gathered in Riyadh for the first Future Minerals Forum. The government-led initiative helped connect global policy makers with investors and business leaders across the mining value chain and its supporting industries to advance mining goals through the Middle East, Central Asia, …
Aramco, one of the world's leading integrated energy and chemicals companies, is exploring the formation of a joint venture in the Saudi Aramco Jubail Refinery Company ("SASREF") with Chinese partner …
The Yanbu Aramco Sinopec Refining Company (YASREF) Ltd., a joint venture between Saudi Aramco and China Petrochemical Corporation (Sinopec), is a world-class, full-conversion refinery that covers about 5.2 million square meters in the Yanbu Industrial City, and is the key anchor project in Yanbu.
Aramco is not only a witness and beneficiary of China's rapid economic and social development, but also a participant and contributor. The modern energy system part of China's 14th Five-Year Plan emphasizes accelerating energy transformation towards green and low-carbon energy while ensuring stable and secure supply. Against this background ...
Aramco and joint venture partners NORINCO Group and Panjin Xincheng Industrial Group plan to start construction of a major integrated refinery and petrochemical …
Aramco has also launched a new center of excellence for nonmetallic technologies called NEXCEL in Beijing. "In other words, we want to be an all-inclusive source of energy and chemicals for China's long-term energy security and China's high quality development," Nasser told the forum.
Saudi energy giant Aramco, the world's largest integrated oil and gas company, could be upping is planning to up its investment stake in its Chinese partner, as it expands its investments ...
Saudi oil giant Aramco said on Monday it is in talks to acquire a 10% stake in China's Hengli Petrochemical, a deal which would further bolster Aramco's growing downstream presence in China.
RIYADH: Saudi oil giant Aramco has unveiled new agreements with its Chinese partners, Rongsheng Petrochemical Co. and Hengli Group Co., during Chinese Premier Li …
Over the years, we have continued to expand our satellite communication capacity to include more and more offshore platforms and remote drilling and exploration sites, and, as of 2024, the network covers around 400 mobile onshore and offshore platforms that have no means of guaranteed connectivity except through space.
In accordance with API and ACEA protocols, Saudi Aramco has successfully completed test programs that demonstrated the interchangeability and linage between Group II base oils from our global manufacturing sites. The extensive …
The Yanbu Aramco Sinopec Refining Company (YASREF) Ltd., a joint venture between Saudi Aramco and China Petrochemical Corporation (Sinopec), is a world-class, full-conversion refinery that covers about 5.2 million square …
RIYADH: Saudi oil giant Aramco has unveiled new agreements with its Chinese partners, Rongsheng Petrochemical Co. and Hengli Group Co., during Chinese Premier Li Qiang's visit to the Kingdom.
Aramco's agreement with Hengli Group advances talks relating to Aramco's potential acquisition of a 10% stake in Hengli Petrochemical Co., Ltd., subject to due diligence and required ...
One Chinese company, Sinopec, is Saudi Aramco's joint venture partner in YASREF, a 400,000 barrel per day, full-conversion refinery in Yanbu' on the Red Sea Coast. Alternately, a growing array of Chinese goods is available in the Saudi marketplace, from trucks and automobiles to consumer goods, home appliances, and information technology ...
The feedstock is mainly supplied by China's largest investment project in Saudi Arabia—Yanbu Aramco Sinopec Refining Company (YASREF) refinery. After the completion of the project, it will contribute to energy transformation and Saudi Vision 2030. YASREF is jointly invested by Sinopec and Aramco, which has been in successful operation since ...
DHAHRAN, Saudi Arabia – Aramco, one of the world's leading integrated energy and chemicals companies, is exploring the formation of a joint venture in the Saudi Aramco Jubail Refinery Company ("SASREF") with Chinese partner Rongsheng Petrochemical Co. Ltd. ("Rongsheng") and significant investments in the Saudi and Chinese petrochemical sectors, in …
China's long-term energy security and "high quality" development are among Aramco's top priorities, president and CEO Amin Nasser has affirmed. Nasser was speaking in Beijing at the China Development Forum (CDF) in …
Aramco holds a right to supply up to 210,000 bpd of crude oil feedstock to the facility, owned by Huajin Aramco Petrochemical Co. (HAPCO), where Aramco has 30 percent ownership. The complex is ...
Free cash flow* reached a record $148.5 billion in 2022, compared to $107.5 billion in 2021. Aramco continues to emphasize a strong balance sheet and its gearing ratio at the end of 2022 was -7.9%, compared to 12.0% at the end of 2021. Aramco declared a dividend of $19.5 billion for the fourth quarter, to be paid in Q1 2023.
Mineral Springs Haikou ... The Aramco Team Series presented by PIF and organized by Golf Saudi has today confirmed Mission Hills Resort in Shenzhen as its fourth stop of the season, as the Ladies European Tour (LET) returns to mainland China for the first time in over seven years. A cornerstone of the LET, the second Asian leg of the 2024 ...
Aramco Far East (Beijing) Business Services Co., Ltd. Xiamen Branch 15F, Paragon Center, Lianyue Road, Siming District, Xiamen 361012, Fujian, China Phone: (+86 592) 5605 888 Fax: (+86 592) 5350 757 Report a compliance concern. CHIEF AUDITOR HOTLINE. Quick Links
Huajin Aramco Petrochemical Company (HAPCO), a joint venture between Aramco (30%), NORINCO Group (51%) and Panjin Xincheng Industrial Group (19%), is developing the complex that will combine a 300,000 barrels per day refinery and a petrochemical plant with annual production capacity of 1.65 million metric tons of ethylene and 2 million …
Saudi Aramco has strengthened ties with China through new energy deals, reinforcing its commitment to China's long-term energy security and development. The …
Aramco, one of the world's leading integrated energy and chemicals companies, has signed a five-year Cooperation Framework Agreement (CFA) with the China National Building Material Group Co., Ltd. (CNBM), one of the largest producers of comprehensive building materials in …
Mohammed Y. Al Qahtani, Aramco Downstream President, said: "Aramco looks forward to partnering with Eastern Shenghong to supply the reliable energy required for China's long-term growth, development and energy security. The signing of this cooperation framework agreement is another significant milestone in Aramco's Downstream strategy to ...
As part of its expansion plan, Aramco has moved to a new and bigger office in Singapore at OUE Bayfront. Occupying 28,665 square feet of prime office space with more than 180 workstations, Aramco's new office houses three business entities — Aramco Asia-Singapore, Aramco Trading Singapore, and S-OIL Singapore — under one roof.
Aramco, one of the world's leading integrated energy and chemicals companies, has signed a five-year Cooperation Framework Agreement (CFA) with the China National …
Chinese privately-controlled refiner Rongsheng Petrochemical and Saudi Aramco are in talks for the Chinese company to buy a 50% stake in the Saudi company's refining unit SASREF, a filing showed ...
Aramco Asia is a group of Asian wholly owned subsidiaries of Aramco, and they share a key mission in serving Saudi Aramco's corporate strategic initiatives in the Asia-Pacific region. Headquartered in Beijing, China, Aramco Asia …
The Yanbu Aramco Sinopec Refining Company (YASREF) Ltd., a joint venture between Saudi Aramco and China Petrochemical Corporation (Sinopec), is a world-class, full-conversion refinery that covers about 5.2 million square meters in the Yanbu Industrial City, and is the key anchor project in Yanbu.
Aramco, one of the world's leading integrated energy and chemicals companies, has successfully closed a landmark transaction to acquire a 10% interest in Rongsheng Petrochemical Co. Ltd. ("Rongsheng") for RMB 24.6 billion ($3.4 billion), through its subsidiary Aramco Overseas Company BV, based in the Netherlands. ...
Saudi Aramco has signed new agreements with Chinese companies to expand its refining and petrochemical presence in China.
Aramco and Sinopec, one of the world's largest energy and petrochemical corporations, have signed heads of agreement for a greenfield project in Gulei, Fujian Province, which plans to include a 320,000 barrels-per-day refinery and 1.5 million tons-per-year petrochemical cracker complex. It is expected to commence operations by the end of 2025.