· China fast became one of Aramco’s most important markets in both refining and petrochemicals. Significant manufacturing and marketing arms were created in China when a company subsidiary signed two joint ventures in 2007. The equity venture with Fujian Refining and Petrochemical was China’s first fully integrated refining and
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· Amin H. Nasser, Aramco President & CEO, Mohammed Y. Al Qahtani, Aramco Executive Vice President of Downstream, Mushabab Al Qahtani, Aramco China Country Manager, Shiquan Liu, NORINCO Group Chairman, and Lecheng Li, Deputy Secretary of the Liaoning Provincial Party Committee and Governor of Liaoning Province
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DUBAI, March 10 (Reuters)-Saudi Aramco (2223.SE) Chief Executive Amin Nasser said on Sunday the oil giant was looking at further opportunities to invest in China, where he
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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. YASREF uses 400,000 barrels per day (bpd) of
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May 30, 2016. Saudi Aramco released its latest Annual Review, titled Energy is Opportunity, highlighting the company’s key results and accomplishments in 2015 which have helped to both strengthen its integrated strategy and expansion downstream, and consolidate its position as the world’s most reliable supplier of energy.
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· On October 23rd, in the run-up to the 7th Future Investment Initiative, China Petroleum & Chemical Corporation (Sinopec) and Aramco signed a Memorandum of Understanding (MoU) in Dhahran on “YASREF+Project”. “YASREF+Project” is an integrated petrochemical project that converts liquids to chemicals, which includes a 1.8 mta
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DUBAI, March 10 (Reuters)-Saudi Aramco (2223.SE) Chief Executive Amin Nasser said on Sunday the oil giant was looking at further opportunities to invest in China, where he said oil demand was
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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.
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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. YASREF uses 400,000 barrels per day (bpd) of
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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
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· Aramco Far East (Beijing) Business Services Co., Ltd (ABS) 43/F, 45/F20-26, China World Tower 3, No.1 Jianguomenwai Avenue, Chaoyang District, Beijing, China 100004. SHANGHAI Aramco Far East (Beijing) Business Services Co., Ltd. Shanghai Branch. Room 16T60, 16/F – SWFC, 100 Century Avenue,
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· Saudi Arabian Oil Company (“Aramco”) and an international investor consortium, led by affiliates of BlackRock and Hassana, announced today the successful closing of the lease and leaseback deal previously announced on December 6, 2021. The consortium has acquired 49% stake in Aramco Gas Pipelines Company, a subsidiary of
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· The Saudi Arabian Oil Company (“Aramco” or “the Company”) today announced its full-year 2022 financial results, reporting a record net income of $161.1 billion — its highest annual profits as a listed company. Aramco also declared a fourth quarter dividend of $19.5 billion, to be paid in the first quarter of 2023.
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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. YASREF uses 400,000 barrels per day (bpd) of
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· The Future Mineral Forum brought together thousands of representatives from around the world to discuss key mineral resource strategies. The Arabian Sun January 18, 2022. Aramco’s booth showcased the company’s role of digital and advanced technologies in discovering subsurface resources, and highlighted technology such as:
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· SPEECH: Invest In China Summit 2024, remarks by Amin Nasser. The sky is the limit for the Aramco-China relationship, says Aramco president and CEO. The Arabian SunMarch 26, 2024. The Arabian Sun. Our Business. Your Excellency Vice President Han Zheng, Your Excellencies, distinguished guests, ladies and gentlemen,
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· The Saudi Arabian Oil Company (“Aramco” or “the Company”) today announced its full-year 2023 financial results, reporting a net income of $121.3 billion, its second-highest ever net income. The results, underpinned by Aramco’s unique operational flexibility, reliability and low-cost production base, reflect the Company’s ongoing
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· The Saudi Arabian Oil Company (“Aramco” or “the Company”) today announced its first quarter 2022 financial results, posting an 82% year-on-year (YoY) increase in net income to $39.5 billion — and setting a new quarterly earnings record for the Company since its Initial Public Offering in 2019.
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· 30 MoUs signed with leading public and private sector partners. Five funds to offer financial support to SMEs. Aramco today announced the launch of a new program, “Taleed”, which aims to accelerate the growth of Small and Medium Enterprises (SMEs) in Saudi Arabia — helping boost their contribution to economic development and
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· Aramco JV HAPCO to begin construction of major refinery and petrochemical complex in China. The integrated refining and petrochemical complex, to be located in the country’s Northeast, is
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· Aramco and NextDecade announce Heads of Agreement for offtake of LNG from Rio Grande LNG Facility. News June 09, 2024. Saudi Aramco announces breakdown of shareholding post-allocation. News May 31, 2024. Aramco completes acquisition of 40% stake in Gas & Oil Pakistan. News May 20, 2024.
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· It follows the announcement on March 26 that the Aramco joint venture, Huajin Aramco Petrochemical Company (HAPCO), planned to start construction of a major integrated refinery and petrochemical complex in northeast China in the second quarter of 2023. Aramco, which has a 30% stake in HAPCO, will supply up to 210,000 bpd of
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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. YASREF uses 400,000 barrels per day (bpd) of
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· From 2021, Aramco will be title sponsor for the annual Formula 1 (F1) in Schools World Finals events. The finals brings together the best of F1 in Schools teams to compete for the World Champion title. The partnership announcement follows on from Aramco signing its first global sponsorship deal with F1. Long history in inspiring the young.
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· Aramco's net income increased by 124% to $110.0 billion in 2021, compared to $49.0 billion in 2020. The increase in net income reflects higher crude oil prices, stronger refining and chemicals margins, and the consolidation of SABIC's full-year results. Free cash flow* was $107.5 billion in 2021, compared to $49.1 billion in 2020.
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· DUBAI (Reuters) -Saudi Aramco Chief Executive Amin Nasser said on Sunday the oil giant was looking at further opportunities to invest in China, where he said oil demand was robust and growing.
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· State-owned Aramco has been ramping up its China presence in a string of deals in refining and petrochemicals, some of them with crude offtake agreements attached. "So far we are in the early part of 2024, demand is healthy and growing in China," Nasser said on a media call following the release of results that showed net profit falling
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· China Development Forum. SPEECH: China Development Forum 2024, remarks by Amin Nasser, Aramco president and CEO. Our dedication to China’s energy security is set in stone. The Arabian SunMarch 25, 2024. The Arabian Sun. Our Business. Your Excellencies Mr. Long and Madam Guo, distinguished guests, ladies and
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Aramco’s HAPCO JV breaks ground on Chinese refinery andAramco HAPCO announce China refinery plan | Aramco Life• · Aramco will supply up to 210,000 bpd of crude oil feedstock to the complex, which is being built in the city of Panjin, in China's Liaoning province.
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Powering Asia’s rapid growth and development. Andrew Gray | February 24, 2022. Asia is a global economic powerhouse, and a key market for Aramco across the full spectrum of the Company’s activities. Home to 4.7 billion people – 61 percent of the world’s population – the continent’s communities vary greatly in their features, and
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