ASMO, a joint venture between Aramco and DHL, has commenced construction of its first purpose built logistics hub at King Salman Energy Park (SPARK), marking a significant milestone in the development of long term logistics infrastructure supporting Saudi Arabia’s energy and industrial sectors.
Aramco and solutions by stc are collaborating to deploy a next-generation supercomputer to enhance upstream operations. The $372.5 million system will boost seismic imaging and reservoir modelling, delivering sevenfold compute capacity, accelerating hydrocarbon discovery.
Aramco and IBM announced their intended collaboration on opportunities to advance AI, agentic AI, automation, material science and other mutually agreed domains in the industrial sector.
Emerson deployed an AI optimisation solution for Aramco by integrating Aspen Hybrid Models into refinery planning, creating a large-scale optimisation system and achieving up to 98.5 per cent accuracy in yield and quality predictions.
Petro Rabigh, a leading petrochemical company jointly owned by oil giant Aramco and Japan's Sumitomo Chemical, has announced that it has cut its accumulated losses to 14.77% of share capital, dropping below a key regulatory threshold after a capital reduction and a return to profit.
Saudi Arabia's Ministry of Investment has signed an investment agreement with SATORP to develop the "Amiral" project, a joint venture between Saudi Aramco and TotalEnergies.
Sulzer signed a long-term corporate procurement agreement (CPA) with Aramco for centrifugal pumps, spare parts, and aftermarket services over five years, extendable by three.
Attacks on Saudi energy facilities have cut the kingdom's oil production capacity by around 600,000 barrels per day and throughput on its East-West Pipeline by about 700,000 bpd, Saudi Press Agency reported, citing an official source at the Ministry of Energy.
Aramco and Algeria's Sonatrach have raised official selling prices for liquefied petroleum gas in April by between 38 per cent and 80 per cent due to limited global supply, traders said.
Sadara Chemical, a joint venture between Saudi oil giant Aramco and US chemicals firm Dow, has announced that it has temporarily shut down production at its parent-operated plant. Sadara Chemical operates a complex in Jubail with an annual production capacity of 3 million MT of chemicals and plastics.
