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Saudi Arabian Oil Co. (Saudi Aramco)

Company Summary

Recent news

  • 12/13/2021 - Chevron Lummus Global &... (subscriber access)
  • 12/7/2021 - Saudi Aramco Signs $15.5... (subscriber access)
  • 11/30/2021 - Saudi Aramco Begins $68B... (subscriber access)
  • 11/1/2021 - Saudi Aramco Reports... (subscriber access)
  • 11/1/2021 - Saudi Aramco 3Q21... (subscriber access)

Company Transactions

Date: 12/31/2021
Type: Acquisition

NOTES:
An EIG-led consortium of investors has signed a $12.4 billion lease and lease-back deal with Said Aramco for a 49% position in the newly formed Aramco Oil Pipelines Company, The deal covers rights to 25-years of tariff payments for oil transport on the pipe network. Those assets handle 100% of Aramco's crude oil production under the Concession Agreement.
REGIONS:
  • Middle East
  • Date: 12/7/2021
    Type: Acquisition

    NOTES:
    Saudi Aramco has signed a $15.5 billion lease and leaseback deal with BlackRock Real Assets and Hassana Investment for their gas pipeline network. The newly formed Aramco Gas Pipelines Company will lease usage rights on the gas pipelines and lease them back to Aramco for 20-years. In return for the lease, Aramco Gas Pipelines will receive a tariff for the products.
    REGIONS:
  • Middle East
  • Date: 6/18/2020
    Type: Acquisition

    REGIONS:
  • International
  • Date: 12/30/2019
    Type: Acquisition

    SELLERS:
  • Shell plc.
  • ASSETS:
  • SASREF Refinery
  • DETAILS:

    COST: 631 $MM

    VOLUMES: 305 M Bbls/d

    NOTES:
    Saudi Aramco acquired Shell's 50% stake in Saudi refining complex SASREF, a joint venture between the Companies, for $631 million. SASREF contains a crude oil refining capacity of 305 Mbbls/d.
    REGIONS:
  • Middle East
  • Date: 12/18/2019
    Type: Acquisition

    NOTES:
    Saudi Aramco has closed on its purchase of a 17% position in South Korean refiner Hyundai Oilbank for $1.2 billion. Aramco is looking to boost its owned refining capacity from 5 Mmbbl/d to 10 Mmbbl/d, with Oilbank owning 0.65 MMbbl/d in capacity.
    REGIONS:
  • Asia
  • Date: 8/12/2019
    Type: Acquisition

    DETAILS:

    COST: 15 $B

    NOTES:
    Saudi Aramco announced plans to invest into India's Reliance Industries, acquiring a 20% stake in the oil-to-chemicals business. Reliance will receive an estimated $15 billion for the deal while also purchasing up to 500 Mbbl/d in crude oil from Aramco (doubling the current volume.)
    REGIONS:
  • Asia
  • International
  • Date: 7/16/2019
    Type: Acquisition

    NOTES:
    Saudi Arabia's sovereign wealth fund acquired a 40% stake in a joint venture between Aramco and Jacobs, comprised of a 30% stake from Aramco and a 10% from Jacobs.

    Date: 10/15/2017
    Type: Acquisition

    NOTES:
    DOW is seeking to acquire an additional 15% stake in Sadara JV, boosting their stake to 50%.
    REGIONS:
  • Middle East
  • Date: 5/1/2017
    Type: Acquisition

    NOTES:
    Under the terms of the separation, Saudi Aramco received the following: - Full ownership of Motiva Enterprises LLC - Port Arthur Refinery - 24 Distribution Terminals - Rights to market Shell-branded gasoline and diesel in Georgia, North Carolina, South Carolina, Virginia, Maryland and Washington, D.C., as well as the eastern half of Texas and the majority of Florida. Meanwhile, Shell will receive the following: - Convent Refinery - Norco Refinery - 11 Distribution Terminals - Shell-branded markets in Alabama, Mississippi, Tennessee, Louisiana, a portion of the Florida panhandle, and the North-eastern region of the U.S
    REGIONS:
  • United States