Saudi Aramco Latest News

Saudi Arabian Oil Co Saudi Aramco engages in the exploration production transportation and sale of crude oil and natural gas. The Downstream segment focuses.

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SATORP was born in June 2008 when SAUDI ARAMCO and TOTAL signed Shareholders Agreement with respect to the design construction ownership and operation of a world-class four hundred fifity thousand 450000 barrels per day capacity petroleum refining facility to be located in Jubail Industrial City on the east coast of the Kingdom of Saudi Arabia.

. OIls return to form is playing a sizeable part in Aramco and ADNOC easily retaining their status as the Middle Easts most valuable brands in. The Upstream segment includes crude oil natural gas and natural gas liquids exploration field development and production. YASREF uses 400000 barrels per day bpd of Arabian heavy crude oil to.

Saudi Aramco shares making up four percent of the company valued at 80 billion will be transferred to Saudi Arabias Public Investment Fund Crown Prince Mohammed bin Salman said in a statement. It operates through the following segments. 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 52 million square meters in the Yanbu Industrial City and is the key anchor project in Yanbu.

The Aramco deal which essentially transfers an asset from one pocket of the government to another is the latest move taken to bolster the. Upstream Downstream and Corporate.

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