to optimise its assets through a lease-and-lease-back agreement involving its stabilised crude oil pipeline network. Upon closing, Aramco said it will receive upfront proceeds of around $12.4 ...

a 408 km pipeline with a 1,290 mmcf/d capacity, two 130,000 m3 storage tanks, and a 1.4 km marine terminal. MidOcean said that Aramco’s investment further strengthens the two entities ...

SBPC owns a portion of the 69.6-mile (112-kilometer) pipeline supplying crude oil from Saudi Aramco to Bapco Refining, the national refinery of Bahrain. Bahrain’s Bapco Energies has sold a ...

Mr. Fink finds himself on the back foot once again, with BlackRock appointing the head of the Saudi oil giant Aramco to its board. Analysts say the move is about money, not optics. The financial ...

Aramco awarded a $1.3 billion (Dh4.7 billion) contract to Sinopec, a major Chinese state energy firm, for the expansion of ...

The government of Kenya will distribute 8.5 million subsidised gas cylinders to low-income households across the country to ...

“Aramco’s further investment in MidOcean strengthens ... a fully owned 408-kilometre 1.29 billion cubic feet per day capacity gas pipeline, two 130,000 cubic metre storage tanks; a fully ...

Most Read from Bloomberg Pipeline Fire Near Houston Forces Some ... alongside Saudi oil giant Aramco, which invested in MidOcean last year. Export plant Peru LNG has a 4.5-million-metric-ton ...

DUBAI, Sept 16 (Reuters) - Saudi Aramco will increase its stake in liquefied natural gas firm MidOcean Energy to 49% and fund its acquisition of a new 15% stake in Peru LNG from Hunt Oil Company ...

DUBAI — State-run Saudi Aramco signed agreements on Wednesday with Chinese downstream companies, as the oil giant continues to look East to expand its refining and chemicals portfolio. Aramco signed ...

Artificial intelligence startup Groq Inc. has partnered with oil producer Aramco to build a giant data center in Saudi Arabia that it hopes will become a hub for companies running AI systems ...

SBPC partially owns the 112km pipeline, which is crucial for transporting crude oil from Saudi Aramco to Bahrain's national refinery, Bapco Refining. The deal with BlackRock's infrastructure fund ...