Saudi Aramco to resume full oil production capacity by end of November
DUBAI: Saudi Arabia’s full oil production capacity will be recovered by the end of November, Saudi Aramco CEO Amin Nasser said on Wednesday. “By September we will be, in terms…
Fitch lowers Aramco to ‘A’ following Saudi Arabia downgrade
RIYADH: Fitch on Tuesday downgraded Saudi Aramco’s Long-Term Issuer Default Rating (IDR) to “A” from “A+,” the agency’s upper medium investment grade. The outlook for this rating is “stable.” The…
Target Engineering awarded SAR 280 million EPC contract by Saudi Aramco
DUBAI: Arabtec Holding PJSC, a leading contractor for social and economic infrastructure, announced that its wholly-owned subsidiary Target Engineering Construction Company has been awarded a SAR 280 million EPC contract…
Saudi Aramco acquires 70pc stake in SABIC for USD 69.1 billion
RIYADH: Saudi Aramco has acquired entire shareholding of Public Investment Fund (PIF) in Saudi Basic Industries Corporation (SABIC) for USD 69.1 billion. Saudi Basic Industries Corporation (SABIC) announces receiving a…
Arabian Pipes Company gets another order from Saudi Aramco
Jeddah: Arabian Pipes Company has been awarded SR 41 million order for the supply of steel pipes to Saudi Aramco. Arabian Pipes Company has been awarded on February 24, 2019…