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Saudi Arabian Oil Co. (Saudi Aramco)

Company Summary

Recent news

  • 11/18/2020 - Saudi Arabia Announces... (subscriber access)
  • 11/17/2020 - Saudi Aramco Planning... (subscriber access)
  • 11/7/2020 - Saudi Aramco Cuts... (subscriber access)
  • 10/9/2020 - Saudi Aramco Planning to... (subscriber access)
  • 9/24/2020 - Saudi Identifies "Oil... (subscriber access)

Company Transactions

Date: 6/18/2020
Type: Acquisition

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

    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