Middle East crude oils surged on expectations of better refining profits after Saudi Arabia reduced its official selling prices. For full story, click here
Continue reading "Middle East Crude Surged as Saudi Aramco Cuts Official Asia Prices"
Tuesday, March 17, 2009
State oil firm Saudi Aramco announced its plans to spend $60 billion on oil and gas projects through 2014. Finance Minister Ibrahim al-Assaf said: Saudi Aramco has informed its large local contractors and agents of global firms that it had allocated a budget reaching $60 billion … to carry out oil and gas projects of [...]
Continue reading "Aramco to spend $60 billion"
Friday, March 13, 2009
Saudi Aramco announced that the company has contracted J. Ray McDermott SA to fabricate and install facilities for South Safaniya oil field, the largest offshore reservoir it has discovered. The value of the work was not disclosed. For full story, click here
Continue reading "Safinya oil work rewarded by Saudi Aramco"
Wednesday, March 11, 2009
State oil giant Saudi Aramco announced that it had completed drilling on the largest new field in its plan to raise crude capacity to 12.5 million barrels per day by the end of this year. For full story, click here
Continue reading "Saudi Aramco reported completion of oilfield drilling project"
Sunday, March 8, 2009
Saudi Arabia’s main oil producer has announced its plans to re-tender major oil projects to take benefits of cheaper construction costs and lower commodity prices following the global financial crisis. Saudi Aramco’s Projects Management Director Majid Al Mukla, said: Saudi Aramco is considering more flexible and innovative strategies to lessen financial risks in managing these [...]
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Friday, November 28, 2008
President and CEO of Aramco, Mr. Abdallah S. Jum’ah said that the speculations are the major reason for fluctuation in the oil prices and it would take some time for the price stability. For full story, click here
Continue reading "Aramco wishes to enter Indian oil sector"
Wednesday, November 12, 2008
Saudi Arabia’s company is looking to step up supplies to and cooperation with China in anticipation of an emergence from the global economic slowdown. For full story, click here For company’s website, click here
Continue reading "Aramco praises co-op with China"
Wednesday, November 12, 2008
Saudi Arabian Oil Co. (Aramco) told the Japanese oil distributors that it will cut crude oil supplies to Japan by about five percent in December. For full story, click here For company’s website, click here
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Saturday, August 8, 2009