Tag: Aramco
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Saudi Aramco treats oil from plastic waste.. for the first time
Saudi Aramco and SABIC, and French Total Energy, have succeeded in converting oil derived from plastic waste into certified circular polymers that have the International Certificate of Sustainability and Carbon (ISCC Plus) for the first time in the Middle East and North Africa. The oil derived from plastic waste (pyrolysis oil) was processed at the…
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Saudi Aramco violates expectations and raises oil selling prices
Saudi Aramco announced the official prices for the sale of shipments of Arab Light crude during the coming month of August (2023), to its customers in Asia, Europe and the United States. The company decided to raise the official sale price of Saudi Arabian Light crude oil to its customers in Asia by 20 US…
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Saudi Aramco may cut oil sales prices to Asia in August (Survey)
Saudi Aramco intends to reduce the official selling prices for Arab crude destined for Asia, during next August, in light of continuing fears of a global economic recession that may affect demand. A Reuters poll revealed that the Saudi oil giant, the largest oil exporter in the world, may reduce the price of its main…
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Aramco President: The complete transformation of new energy in a quarter of a century is a “fictional” idea
The CEO of Saudi Aramco, Amin Al-Nasser, confirmed that the complete energy transformation of the $ 100 trillion global economy in just a quarter of a century is a “fictional” idea. In a speech delivered today, Monday, June 26, at the Asia Energy Conference hosted by the Malaysian oil company Petronas, he stressed that the…
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Saudi Aramco raises oil selling prices in July at a significant pace
Saudi Aramco announced the new official prices for selling shipments of Arab Light crude to its customers in Asia, Europe and the United States, during the month of July (2023). The company went against expectations and decided to raise the official sale price of Saudi Arabian Light crude oil to its customers in Asia by…
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Aramco oil prices to Asia may drop to the lowest level in 20 months (survey)
A new survey showed that Saudi Aramco oil prices to Asia may decline during the month of June, at a time when the markets are awaiting the next OPEC + meeting to determine production policy, after the decision of the additional voluntary reduction of some coalition countries, which began in May and continues until The…
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Iraqi Oil Minister invites Aramco to participate in the development of the Crutch field (Update)
Iraqi Oil Minister Hayan Abdul Ghani invited Saudi companies, led by Saudi Aramco, to participate in the development of the Crutch field. On Thursday, May 25 (2023), the ministry published a statement explaining that the discussions with the Saudi Ministry of Energy included inviting Saudi companies to invest in the oil and gas sector. The…
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Saudi Aramco announces the creation of two new leadership positions.. Get to know them
Saudi Aramco announced the creation of two new positions in its senior management, as part of its strategic plan to support the growth of the company’s portfolio globally. The Saudi oil giant said it had created the positions of head of exploration and production, and head of refining, petrochemicals and marketing, and the two new…
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Saudi Aramco share price jumps 2%.. and two experts expect its rise to continue
Aramco’s share price jumped higher today, Sunday, May 7 (2023), achieving gains of 2%, with the approaching date of announcing the company’s quarterly business results. The Saudi oil giant is preparing to announce its business results for the first quarter of this year (2023), on Tuesday, May 9, which is expected to witness strong quarterly…
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Saudi Aramco lowers its oil selling prices to Asia in June
Saudi Aramco announced the official prices for selling shipments of Arab Light crude to its customers in Asia, Europe and the United States, during the month of June 2023. The company decided to lower the official Saudi oil selling prices for Arab Light crude to Asia by 25 US cents to $2.55 per barrel, above…
