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Keyword: saudiaramco

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  • Saudi Aramco To Own The Largest US Refinery

    03/17/2016 10:30:02 PM PDT · by Rabin · 4 replies
    Oilpro ^ | 3/17/16 | Jeff Reed
    Abdulrahman Al-Wuhaib, senior vice president, said in the Wednesday statement that.. Saudi Aramco will assumes Sole Ownership America's largest refinery. The Port Arthur Texas Complex includes 26 distribution terminals, and hold an exclusive license to use the Shell brand for gasoline and diesel sales in Texas, most of the Mississippi Valley, the Southeast and Mid-Atlantic markets. //Snipp// Jeff Eggemeyer ... The largest refinery in our country, being in sole ownership of the Saudi government, ... You need only look at the current "free market" strategy (mutilating currency reserves to destroy corporate and NOCC competitors) being employed by the Sauds, and...
  • Largest U.S. Refinery Now Belongs To Saudi Arabia

    03/17/2016 12:58:57 PM PDT · by bananaman22 · 29 replies ^ | 17-03-2016 | Harvey
    Royal Dutch Shell and Saudi Aramco appear to be getting a divorce, breaking up their joint venture in U.S.-based refining assets. The two companies joined together to create Motiva Enterprises LLC in 1998, a 50-50 joint venture that operated three refineries on the U.S. Gulf Coast. But Shell and Saudi Aramco have seen their interests head in different directions. "It is now time for the partners to pursue their independent downstream goals," said Abdulrahman Al-Wuhaib, a senior vice president of Saudi Aramco’s downstream unit. Reuters reported that the relationship started to fray after Motiva announced a $10 billion expansion of...
  • Saudi Aramco Chairman Defends Oil Giant's Possible IPO Move

    01/25/2016 7:17:59 AM PST · by Citizen Zed · 19 replies
    abc news ^ | 1-25-2016 | AYA BATRAWY, ASSOCIATED PRESS
    The chairman of Saudi Arabia's state oil giant said on Monday that plans for a possible initial public offering are not being driven by a need for cash amid a global slump in oil prices, but instead signal a desire for greater openness to outside investors. Speaking at an investment conference in the Saudi capital of Riyadh, Khalid al-Falih said the potential listing of the world's largest oil producer "is not for cash" but a "sign of the times" that the kingdom is open for business. "If we do it, the percentage will not be such that it's going to...
  • As Saudis Keep Pumping, Thirst for Domestic Oil Swells

    07/03/2015 4:39:13 AM PDT · by thackney · 3 replies
    Wall Street Journal ^ | July 2, 2015 | SUMMER SAID and AHMED AL OMRAN
    Saudi Arabia is poised to break records for oil production this summer, analysts said, as domestic-energy needs soar during its scorching summer and the holy month of Ramadan and threaten its ability to ramp up exports. Saudi Arabia has said it produced a near-record 10.3 million barrels a day in May, a mark that industry observers said could increase to 11 million barrels this summer as air-conditioning use increases with temperatures reaching 110 degrees Fahrenheit. The country has the ability to produce 12.3 million barrels a day for 90 days, but it has never pumped this much. Saudi output averaged...
  • Saudi Aramco cancels clean-fuels project due to low oil price, sources say

    01/02/2015 9:50:36 AM PST · by thackney · 7 replies
    The Malay Mail Online ^ | January 1, 2015 | Reuters
    State oil giant Saudi Aramco has suspended plans to build a US$2 billion clean fuels plant at its largest oil refinery in Ras Tanura, three industry sources said. The energy project appears to be one of the first suspended in Saudi Arabia in response to the halving of the oil price in the last six months. The Ras Tanura clean fuels project, including a naphtha hydrotreater, was to be part of a second phase of upgrades to Aramco’s refineries, and was originally due to go on stream in 2016. “They withdrew the bidding,” said one source familiar with the matter,...
  • London-based oil executive linked to 9/11 hijackers(saudi Aramco)

    02/20/2012 8:25:15 AM PST · by bayouranger · 33 replies · 2+ views ^ | 18FEB12 | Anthony Summers, Neil Tweedie and Dan Christensen in Miami
    A Saudi Arabian accused of associating with several of the September 11 hijackers and who disappeared from his home in the United States a few weeks before the attacks on the World Trade Centre and the Pentagon, is in London working for his country’s state oil company. Abdulaziz al-Hijji and his wife Anoud left three cars at their luxurious home in a gated community in Sarasota, Florida — one of them new — and flew to Saudi Arabia in August 2001. The refrigerator was full of food; furniture and clothing were left behind; and the swimming pool water was still...
  • Will Deepwater Horizon Oil Disaster Exceed Desert Storm Spill in Persian Gulf?[Help-Don't Bother Me]

    06/01/2010 12:04:43 PM PDT · by fight_truth_decay · 12 replies · 491+ views ^ | May 30, 4:07 PM | Bill Heenan
    The 1991 spill into the Persian Gulf, which began on January 21, was purposely caused by the Iraqis in order to delay or prevent a threatened US-led invasion of Kuwait, including possible landings by US Marines. On February 23, American forces, including the 1st Marine Division, 2nd Marine Division, the 1st Light Armored Infantry, overran Iraqi defenses quickly, but expressed shock at the extent of the environmental disaster surrounding them. The US lost 148 service members in combat, 458 were wounded in the First Gulf War which lasted from August 2, 1990, to February 28, 1991, when America and its...
  • Saudi Arabia to Cut Drilling Rigs Amid Lower Oil Demand

    03/02/2009 10:04:22 AM PST · by thackney · 5 replies · 370+ views
    Dow Jones Newswires via Rig Zone ^ | March 02, 2009 | Reem Shamseddine
    Saudi Arabia, the world's largest oil exporter, is expected to cut the number of oil rigs by as much as 20% until year-end amid lower crude output, people familiar with the situation said. Last year, Saudi Arabian Oil Co., or Saudi Aramco, the state-run oil company, had about 130 offshore and onshore rigs in operation at peak times, a number that is set to fall by up to a fifth throughout 2009, the people said. "They haven't announced any specifics but they are saying there will be a reduction in the number of rigs by 20%," one Gulf-based oil industry...
  • Oil Change : The other face of Saudi Aramco

    08/22/2008 5:53:18 AM PDT · by bert · 11 replies · 282+ views
    Forbes ^ | August 11, 2008 | Christopher Helman
    To engineer a huge expansion in the chemicals business, the oil giant has put a woman in charge Nabilah Al-Tunisi was wrapping up an executive M.B.A. at Stanford University two summers ago when she got an urgent call from Saudi Aramco headquarters in Dhahran. Pack your bags, she was told, and move to Houston. Al-Tunisi had just been put in charge of the engineering on a new $25 billion refinery and petrochemicals plant--the Ras Tanura Integrated Project. Ras Tanura, a tiny finger in the Persian Gulf, already has a 550,000-barrel-per-day refinery, Aramco's biggest. Under a joint venture with Dow Chemical...
  • Detention transformed (Muslim) doctor into man of peace - Saudi carries no bitterness home

    05/25/2002 6:47:10 AM PDT · by MeekOneGOP · 23 replies · 984+ views
    The Dallas Morning News ^ | May 25, 2002 | By DAVID McLEMORE / The Dallas Morning News
    Detention transformed doctor into man of peace Saudi carries no bitterness home as he ends San Antonio stay 05/25/2002 By DAVID McLEMORE / The Dallas Morning News SAN ANTONIO - Dr. Al-Badr Al-Hazmi sits easily on the carpeted floor of the mosque. He speaks with a soft intensity, the words spilling out as he describes the day his life was turned upside down. Stony-faced FBI agents whisked him from his San Antonio home a day after the Sept. 11 terrorist attacks. He was flown to New York and secreted in a detention cell for nearly two weeks. Like hundreds...
  • Producers Move to Debunk Gloomy 'Peak Oil' Forecasts

    09/14/2006 11:44:07 AM PDT · by Tolerance Sucks Rocks · 18 replies · 836+ views
    Wall Street Journal ^ | September 14, 2006 | BHUSHAN BAHREE and JEFFREY BALL
    Leading players in the petroleum industry, including Saudi Arabia and Exxon Mobil Corp., are aggressively arguing that plenty of crude oil remains for world consumption, in an effort to counter critics who contend crude output is about to plateau. That argument, known as peak-oil theory, has provided intellectual backing for the boom in crude prices and sowed doubts among some policy makers about crude's long-term reliability as an energy source. Such doubts, coupled with concern over sky-high prices, have added impetus to the search for oil substitutes -- including in Washington, where President Bush this year declared the U.S. "addicted...
  • Saudi Oil Output Cut Clue to High Prices

    06/06/2006 1:06:58 PM PDT · by thackney · 45 replies · 964+ views ^ | June 06, 2006 | David Bird
    With Saudi Arabia's latest revelation, there's one less mystery to what's been behind oil price strength over the past few months. While Saudi Arabia has said it's investing heavily to raise its oil output capacity to 12.5 million barrels a day in 2009 from 11.3 million b/d, the world's No. 1 crude producer has been quietly cutting back current volumes. Saudi Oil Minister Ali Naimi, in an interview with The Wall Street Journal published Monday, said the country's output in April averaged 9.1 million b/d, its lowest level since January 2005. Global oil prices have risen 10% from a first-quarter...
  • U.S. Said To Reject Saudi Oil Trainees

    08/26/2002 3:09:54 PM PDT · by grimalkin · 5 replies · 522+ views
    Middle East Newsline ^ | 8/26/02 | Middle East Newsline
    ABU DHABI [MENL] -- The United States is said to have blocked the entry of 60 Saudi nationals to study the oil industry. Western diplomatic sources said U.S. authorities refused entry to 60 Saudi students who were accepted in universities in the United States under a program by Saudi Aramco. The state-owned Aramco was to have ensured the training of the Saudis in oil administration. Under the program, the Saudis were to have returned to the kingdom to begin work in the kingdom's oil sector. The Kuwaiti Al Rai Al Aam daily reported on Monday that Aramco, responsible for the...