Promoting Iktva and Attracting New Investments
Aramco Asia recently organized a series of events in the Asia-Pacific region to promote Saudi Aramco’s iktva localization program and attract Asian investors and suppliers to invest in the Kingdom.
Resilience in the Face of Adversity - Saudi Aramco and its People Rally to Ensure Reliability
Saudi Aramco president and CEO Amin Nasser said Tuesday that the company’s production capacity, suspended earlier due to terror attacks on its plants at Abqaiq and Khurais, would be fully restored by the end of September.
89th National Day - Making the Kingdom's Vision 2030 a Reality: Year Three
As we celebrate the 89th National Day in the Kingdom, this is an ideal time to take stock of the country’s progress in pursuing the economic, cultural, and other transformations that lie at the heart of Saudi Vision 2030.
Making the 'Silicon Valley' of the Middle East
Saudi Aramco and its strategic partners, King Fahd University of Petroleum and Minerals (KFUPM) and Dhahran Techno Valley Co. (DTVC), this week celebrated the achievements of the 17 research labs at DTV over the past year.
AramcoWorld Reading Selections - September 18, 2019
Can robots cook? Yes, says Michael Farid, MIT grad and cofounder of Boston’s new eatery Spyce. But does it taste good? Yes, says Daniel Boulud, Michelin-star chef and the culinary brains behind the Spyce menu.
Saudi Aramco Acquires Shell’s Share of the SASREF Refining Joint Venture
Saudi Arabian Oil Company (Saudi Aramco) has completed the acquisition of Shell Saudi Arabia Refining Limited’s (Shell) 50% interest of the SASREF joint venture in Jubail Industrial City, in the Kingdom of Saudi Arabia, for $631 million.
Aramco CEO: Saudi Aramco Rapidly Restores Production Capacity, Expects Stabilization of Global Supply
Saudi Aramco President & CEO Amin Nasser said Tuesday that the Company’s production capacity, suspended earlier due to terror attacks on its plants at Abqaiq and Khurais, would be fully restored by the end of September.
Incidents at Abqaiq and Khurais
After visiting the incident locations, Amin H. Nasser, Saudi Aramco President & CEO, said: “We are gratified that there were no injuries. I would like to thank all teams that responded timely to the incidents and brought the situation under control. Work is underway to restore production and a progress update will be provided in around 48 hours.”
AramcoWorld - September 2019
AramcoWorld, Saudi Aramco's flagship publication, is widely recognized as a leading source of nonpolitical coverage of the history, geography, arts and cultures of Saudi Arabia, the Middle East and the wider Islamic world, with an emphasis on the interweavings of the plural cultures of East and West, past and present.
Reducing Desertification with Native Trees
Reducing sand movement and desertification is a key component to Saudi Aramco’s initiative to plant one million trees, whereas KhPD will plant 15,000 native trees by the end of 2019.
HRH Prince Abdulaziz ibn Salman named Minister of Energy
On Sept. 7, a Royal Decree was issued appointing His Royal Highness Prince Abdulaziz ibn Salman ibn ‘Abd Al-’Aziz Al Sa’ud as Minister of Energy for Saudi Arabia.
World Energy Congress: Making Oil and Gas Ultra-clean is an Urgent Priority
Deliver on the world’s demand for ultra-clean energy, and there is no limit to our potential was the inspiring call to action made by Saudi Aramco president and CEO Amin Nasser on Tuesday to the world’s oil and gas industry.
TWI, Saudi Aramco and ADNOC open Nonmetallic Innovation Center in the UK
Saudi Aramco Technologies Company (AramcoTech), and the Abu Dhabi National Oil Company (ADNOC) on Monday officially opened the Nonmetallic Innovation Center (NIC) — a research center focused on innovation and advancing the use of nonmetallic industrial applications.
Saudi Aramco Expands Downstream Investment in China Zhejiang Free Trade Zone
Saudi Aramco today signed a Memorandum of Understanding (“MoU”) with China’s Zhejiang Free Trade Zone, in which the Zhoushan Government emphasized its support for incentivizing Saudi Aramco’s greater investment in Zhejiang’s future downstream growth.
Desert Life Thrives at Khurais
Nature being Nurtured in Vast Biodiversity Preserve - A small white shape skillfully descends from the flame-washed summer sky of the Arabian Peninsula’s mighty ad-Dahna desert to elegantly land beside a shimmering pond in the Kingdom’s arid center.
Saudi Aramco Welcomes HE Yasir O. Al-Rumayyan, Chairman of its Board of Directors
Saudi Aramco welcomes H.E. Yasir Othman Al-Rumayyan as its new Chairman. H.E. Al-Rumayyan was appointed a member of the Company’s Board of Directors in 2016 and is currently the Governor of the Public Investment Fund.
AramcoWorld Reading Selections - September 04, 2019
"No matter what my assignment is, as a photojournalist, I usually keep a camera ready all day. You never know when there will be a chance to make an interesting image that can tell a different story," photojournalist Paula Bronstein said. Personal to the spontaneous, artful to historical, from Cairo to Baltimore, our FirstLook section highlights the photographs and photographers who bring us unique and inspiring views of the world.
Aramco Sponsored ‘G-Camp’ Offers Invaluable Geology Experience for U.S. Educators
Thirty American science teachers recently went on an educational trek across the southwestern U.S. in a geology program that combines classroom learning with real world experiences sponsored by Houston-based Aramco Services Company (ASC).
Increasing Efforts to Protect and Enhance Coral Reefs
Saudi Aramco has deployed roughly 1,000 tons of artificial reefs throughout the Arabian Gulf to help rebuild marine ecosystems as well as support the local fisheries industry. Last year, artificial reefs were deployed at both Safaniyah and Al Khafji — 1,220 artificial reef units at Safaniyah and 459 units at Al Khafji.
Making History with Our First Earnings Call
Earlier this month, Saudi Aramco announced for the first time its half-year financial results. The company’s net income was $46.9 billion for the first half of 2019, compared to $53 billion for the same period last year.