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News Archive

Latest news by topic

Date Published

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Showing 14 results

Related to Ventures

Aramco and Cognite establish joint venture to accelerate industrial digitalization

NEWS

DHAHRAN, December 21, 2020

Saudi Aramco Development Company, a subsidiary of Aramco, and Cognite AS (“Cognite”) have signed an agreement to establish a joint venture (“JV”) as part of their strategic digitalization partnership.

  • Downstream,
  • Technology,
  • Ventures

Aramco and Baker Hughes commence construction on non-metallics joint venture in Saudi Arabia

NEWS

DHAHRAN, December 08, 2020

Aramco and Baker Hughes (NYSE:BKR) have announced the formation of Novel, a 50/50 Joint Venture (JV) to develop and commercialize a broad range of non-metallic products for multiple applications in the energy sector.

  • Downstream,
  • Downstream Technology,
  • Nonmetallics,
  • Technology,
  • Ventures

Saudi Aramco acquires Shell’s share of the SASREF refining joint venture

NEWS

DHAHRAN, Saudi Arabia and THE HAGUE, The Netherlands, September 18, 2019

Acquisition of Shell 50% interest of the SASREF joint venture in Jubail for $631 million.

  • Downstream,
  • Financial Performance,
  • Performance,
  • Profitable Growth,
  • SASREF,
  • Ventures

Saudi Aramco to acquire Shell’s share of the SASREF refining joint venture

NEWS

DHAHRAN, April 21, 2019

The acquisition supports Saudi Aramco’s plan to increase the complexity and capacity of its refineries, as part of its long-term Downstream growth strategy.

  • Downstream,
  • Financial Performance,
  • Investment,
  • Performance,
  • Profitable Growth,
  • SASREF,
  • Ventures

First specialty oil field chemicals manufacturing reaction plant in Saudi Arabia

NEWS

JUBAIL, February 28, 2019

New facility expected to be operational by the end of 2020, will initially create approximately 100 jobs.

  • Chemicals,
  • Downstream,
  • Ethylene,
  • Propylene,
  • SADARA,
  • Ventures

Saudi Aramco Completes Acquisition of Remaining 50 Percent Stake in ARLANXEO Joint Venture from LANXESS, Becoming Full Owner

NEWS

AMSTERDAM, NETHERLANDS, December 31, 2018

Saudi Aramco, a world-leading integrated energy and chemicals company; and LANXESS AG, a leading German specialty chemicals company, announced today the completion of Saudi Aramco’s acquisition of LANXESS‘s interest in ARLANXEO Holding B.V.

  • ARLANXEO,
  • Chemicals,
  • Downstream,
  • Financial Performance,
  • Investment,
  • Performance,
  • Profitable Growth,
  • Ventures

Saudi Aramco and SABIC announce Yanbu as the site for the development of an integrated industrial complex to convert crude oil to chemicals

NEWS

DHAHRAN, November 01, 2018

The announcement by Saudi Aramco and SABIC, the two largest industrial entities in the Kingdom, reflects the high importance both companies place on making the Kingdom a key hub for global chemicals production.

  • Chemicals Technology,
  • Crude to Chemicals,
  • Downstream,
  • Downstream Technology,
  • Technology,
  • Venture Partners,
  • Ventures

Project Amiral remarks

NEWS

DHAHRAN, October 08, 2018

By Amin H. Nasser, Saudi Aramco President & CEO

  • Downstream,
  • SATORP,
  • Ventures

Saudi Aramco and Total launch engineering studies to build giant petrochemical complex in Jubail

NEWS

DHAHRAN, October 08, 2018

Complex to be integrated with SATORP refinery, adding a new slate of products in the Kingdom, boosting revenue, and further diversifying its economic and industrial activities.

  • Downstream,
  • SATORP,
  • Ventures

Saudi Aramco, Air Products, and ACWA Power to form over $8 billion gasification/power joint venture at Jazan Economic City

NEWS

DHAHRAN, August 12, 2018

Saudi Aramco, Air Products, and ACWA Power today announced the signing of a Term Sheet to form a Gasification/Power joint venture located at Jazan Economic City in Saudi Arabia.

  • Downstream,
  • Refining,
  • Venture Partners,
  • Ventures,
  • Wholly Owned Refineries
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