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Aramco Overseas Company B.V. (AOC), a subsidiary of Saudi Aramco, has entered into an arrangement to buy Gunvor Group’s stake in the Maasvlakte Olie Terminal (MOT) in Rotterdam, the Netherlands. Gunvor is one of the largest physical commodities trading houses in the world. The sale is targeted for completion by…
Saudi Aramco has entered into a strategic partnership with Petronas Chemicals Group Berhad (PCG) to enhance the value and competitive positioning of its petrochemicals projects within the PETRONAS Pengerang Integrated Complex (PIC) in the southern Malaysian state of Johor. The partnership marks a strategic, mutually beneficial relationship that will provide…
In a scintillating 1st awards night, post amalgamation of Petrotech Society and Petroleum Federation of India (PetroFed) (to FIPI), held at New Delhi on August 8, 2017, IndianOil swept the floor with awards in four prestigious categories. Lauding the spirit of healthy competition being bestowed by the FIPI Annual Awards,…
Saudi Aramco signed a contract with a consortium comprising Saudi Archirodon Company Ltd and Huta Hegerfeld AG Saudia Company for dredging, reclamation and marine structures for King Salman International Complex for Maritime Industries and Services in Ras Al-Khair. The contract is the first major undertaking for the maritime complex where…
The Saudi Arabian Industrial Investments Company, and Hyundai Heavy Industries (HHI) announced a Memorandum of Understanding (MOU) to jointly collaborate on engines and pumps business development in the Kingdom of Saudi Arabia. The MOU lays out a comprehensive engine and pump business cooperation framework, through the formation of a joint…
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