---

Brought to you by RivalSense - an AI tool for monitoring any company.

RivalSense tracks the most important product launches, fundraising news, partnerships, hiring activities, pricing changes, tech news, vendors, corporate filings, media mentions, and other developments of companies you're following 💡

---

Aramco

🌎 aramco.com

Aramco is a leading integrated energy and chemicals company, recognized for its significant role in oil exploration, production, refining, and distribution. With a commitment to delivering an uninterrupted supply of energy globally, Aramco is also focused on advancing towards a low carbon economy. The company has the world's second-largest proven crude oil reserves and is a major player in the global energy market, providing a wide range of products including gasoline, diesel, and various chemicals.

---

Aramco - Latest News and Updates

• Aramco, Sinopec, and Fujian Petrochemical have started construction on a new refining and petrochemical project in China.
• Aramco has transformed its 70-year-old Abqaiq plants to become a leader in the Fourth Industrial Revolution (4IR).
• Aramco is rapidly expanding its space capabilities through new earth observation and communication satellites and promising partnerships.
• Aramco plans to acquire a 50% stake in Air Products Qudra’s blue hydrogen industrial gases company as of July 16, 2024.
• Aramco appointed Abdulaziz Abdulkarim as the new CEO to lead ambitious refinery projects, including a $10 billion facility on Saudi Arabia's east coast, aiming to boost refining output and sustainability.

• Aramco plans to build oil refineries in Gujarat with ONGC and in Andhra Pradesh with BPCL, shifting focus from Maharashtra.
• Aramco and Topsoe signed a joint development agreement to produce low-carbon hydrogen using eREACT™ technology at the Shaybah NGL plant in Saudi Arabia.
• Aramco signed a five-year cooperation framework agreement with China National Building Material Group Co on September 24 to collaborate in advanced materials and industrial development.
• Aramco plans to invest $1 billion in U.S. telecom software maker Mavenir, with a deal likely to be signed before the end of the year.
• Aramco plans to regularly issue debt to optimize its capital structure and expand its investor base, according to CFO Ziad Al-Murshed.

---

Sign up to receive regular updates

If you liked the insights, consider following your own companies of interest. Receive weekly insights directly to your inbox using RivalSense.