Wednesday 27 May 2015
 
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PetroRabigh restarts VDU after maintenance

Saudi Arabia's PetroRabigh has restarted a vacuum distillation unit after unscheduled maintenance at its 400,000 barrel per day oil refinery, it said on Sunday. PetroRabigh completed maintenance at the unit on Friday, it said

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PetroRabigh extends VDU maintenance work

Saudi Arabia's PetroRabigh has extended maintenance work on its vacuum distillation unit (VDU) by a further six days, it said in a statement on Wednesday. The firm, a joint venture between Saudi Aramco and Japan's Sumitomo

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Aramco vows to spend on oil production

Saudi Aramco will dedicate most of its spending to oil production over the next decade to maintain its position as the world's top crude oil exporter, the state-owned energy giant reiterated in its annual report for 2014. &quo

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Nasser named Aramco acting chief

Saudi Aramco last night named Amin Al Nasser as the “acting president and chief executive officer”. The appointment followed Khalid Al Falih’s assignment on Wednesday to the Saudi Cabinet under a major government

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Saudi restructures Aramco, separates it from oil ministry

Saudi Arabia has approved a restructuring of Saudi Aramco that includes separating it from the oil ministry, a Saudi-owned TV station reported, in a decision analysts said aims to make the state oil giant more transparent and keep it away from p

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Saudi creates new supreme council for Aramco

Saudi Arabia has created a new 10-member supreme council for state-run oil company Saudi Aramco , headed by the kingdom's deputy crown prince, according to a statement on Aramco's website. "The council is chaired by H

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Al Falih named Aramco chairman and health minister

Saudi King Salman appointed Saudi Aramco's chief executive as chairman of the state oil firm and health minister, in a reshuffle that is unlikely to change oil policy in the world's top crude exporter.  

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Oil dips as glut outweighs Saudi reshuffle

Oil prices dipped on Wednesday as oversupply outweighed political uncertainty in Saudi Arabia where King Salman relieved the crown prince as well as several senior ministers and the chief executive of national oil company Saudi Aramco.

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Saudi King Salman replaces heir in reshuffle

Saudi King Salman on Wednesday appointed Interior Minister Prince Mohammed bin Nayef as his new heir, replacing the monarch's half brother Prince Muqrin, and made his son, Defence Minister Mohammed bin Salman, second in line to succeed.

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Sabic-Saudi Aramco-PIF venture may eventually go public

A venture between Saudi Basic Industries Corp, state oil giant Saudi Aramco and the government's Public Investment Fund may eventually go public, Sabic's acting chief executive Yousef Abdullah Al Benyan said.  

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