DHAHRAN, SAUDI ARABIA

Aramco, one of the world’s leading integrated energy and chemicals companies, today signed definitive agreements to acquire a 40% equity stake in Gas & Oil Pakistan Ltd. (“GO”). GO, a diversified downstream fuels, lubricants and convenience stores operator, is one of the largest retail and storage companies in Pakistan. The transaction is subject to certain […]

Aramco has been recognized on the world stage for its adoption of Internet of Things (IoT) and Artificial Intelligence (AI) technology. The company’s A’amer platform, which revolutionized the management of residential and commercial facilities and services at the company’s Dhahran headquarters, won the Infrastructure & Building Award at the World Smart City Awards in Spain. […]

The Industrialization and Energy Services Company (“TAQA”) announced today the completion of the sale of its stake in Air Liquide Arabia Limited Company (“ALAR”), with proceeds exceeding SAR 600 million. “This transaction is in line with TAQA’s strategy to rationalize our non-core portfolio and divest investments that are not in line with our growth plan, […]

– Deal involves placement of 480,000 barrels per day of crude to the largest integrated refining and chemicals complex in China Aramco, one of the world’s leading integrated energy and chemicals companies, has signed definitive agreements to acquire a 10% interest in Shenzhen-listed Rongsheng Petrochemical Co. Ltd. (“Rongsheng”) for RMB 24.6 billion ($3.6 billion at current exchange rates), in a deal that…

Aramco and joint venture partners NORINCO Group and Panjin Xincheng Industrial Group plan to start construction of a major integrated refinery and petrochemical complex in northeast China. Huajin Aramco Petrochemical Company (HAPCO), a joint venture between Aramco (30%), NORINCO Group (51%) and Panjin Xincheng Industrial Group (19%), is developing the complex that will combine a 300,000 barrels […]

Aramco, one of the world’s leading integrated energy and chemicals companies, and international contract logistics provider DHL Supply Chain have announced the signing of a shareholders’ agreement for a new Procurement and Logistics Hub in Saudi Arabia, to enhance supply chain efficiency and sustainability. It would be the region’s first such hub catering to customers in […]