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The deal was concluded at a total value of $631 million
18 September 04:01 PM Aramco acquires Shell’s stake in Saudi refining JV for $631m
Riyadh – Mubasher: The Saudi oil giant Aramco has completed the acquisition of Shell’s 50% stake in their Saudi Aramco Shell Refinery Co (SASREF), affiliated to Shell Saudi Arabia Limited, situated in Jubail Industrial City. The deal was concluded …
SAFCO’s feedstock supplieso the company’s plants reached normal levels
18 September 12:29 PM SAFCO’s feedstock supplies reach normal levels
Riyadh – Mubasher: The Saudi Arabian Fertilizer Company (SAFCO) announced that the feedstock supplies to the company’s plants have reached normal levels as of Wednesday, 18 September 2019. Following the evaluation of the final effects, no …
Tasnee will continue working on evaluating the financial effects
18 September 12:28 PM Tasnee’s feedstock supplies curtailment drops to 25%
Riyadh - Mubasher: The National Industrialization Company (Tasnee) said that the shortage in its feedstock supply from Saudi Aramco improved as it went down to 25% approximately from 41%. The company’s feedstock supply is expected to reach normal …
Yansab is still evaluating the final effects
18 September 12:00 PM Yansab feedstock supplies curtailment down to 17%
Riyadh – Mubasher: Yanbu National Petrochemical Company (Yansab) announced that its feedstock supplies shortage dropped to 17% from 30% following Aramco’s terrorist attacks last Saturday. The feedstock supplies are expected to reach their normal …
SABIC will continue working on evaluating the final effects
18 September 11:27 AM SABIC’s feedstock supplies shortage improves to 30%
Riyadh – Mubasher: Saudi Basic Industries Corp. (SABIC) said that its feedstock supplies shortage fell to 30% after it was seen at 49% following Aramco’s drone strikes on Saturday. The company’s feedstock supplies are expected to resume to their …
The reduction is likely to reach normal levels by the end of September
18 September 11:16 AM Saudi Kayan sees 37% curtailment in feedstock supplies from Saudi Aramco
Riyadh – Mubasher: The Saudi Kayan Petrochemical Co, listed on the Saudi Stock Exchange (Tadawul), on Wednesday announced that its feedstock supplies from Saudi Aramco have improved after curtailment went down to 37% from 50%. The reduction is …
Petro Rabigh will announce any further details in due course
18 September 11:14 AM Petro Rabigh sees 20% curtailment in ethane gas
Riyadh – Mubasher: Rabigh Refining and Petrochemical Company (Petro Rabigh) announced a shortage of 20% in feedstock supplies of ethane gas following Saudi Aramco’s terrorist attacks earlier this week. The said curtailment will not affect the …
Supplies are expected to reach normal levels by the end of September
18 September 11:08 AM Advanced Petrochemical reveals rise in feedstock supplies
Riyadh – Mubasher: Advanced Petrochemical Company announced that its feedstock supplies from state-run oil giant Saudi Aramco have improved as the reduction fell to 20% from 40%. Supplies are expected to reach normal levels by the end of September …
SAFCO is currently working on evaluating the final effects
17 September 12:58 PM SAFCO sees 30% curtailment in feedstock supplies
Riyadh – Mubasher: The Saudi Arabian Fertilizer Company (SAFCO) announced a 30% shortage in feedstock supplies in the company’s plants starting Monday, 16 September 2019. SAFCO expects the feedstock output to be restored in the coming days, …
Petro Rabigh is currently working on evaluating the final effects
17 September 10:21 AM Petro Rabigh sees shortage in ethane gas, raw oil
Riyadh – Mubasher: Rabigh Refining and Petrochemical Company (Petro Rabigh) announced an 8% and 12.5% curtailment in its ethane gas and raw oil supplies, respectively, starting Saturday, 14 September. The said shortage did not affect the lenders’ …
Vessels at anchorage are “still on-hold until further notice”
16 September 12:02 PM Impact on oil prices seen limited after attack on Aramco - Refinitiv Oil Research
Mubasher: The impact of the recent attacks in Saudi Arabia on oil prices remains unknown; however, with the global demand forecasts being revised downwards based on trade wars and economic downturn, the impact might be limited unless a significant …
Two fires broke out in Aramco’s plants in Abqaiq and Khurais
15 September 04:53 PM About 30% decline in feedstock supplies - Yansab
Riyadh – Mubasher: Yanbu National Petrochemical Company (Yansab) pointed to a shortage in feedstock supplies with different proportions of an approximate 30% starting Saturday, 14 September, following Aramco’s drone strikes. The company is …
The attacks halted Aramco’s crude oil supply by 5.7 million barrels a day
15 September 03:58 PM Saudi Kayan sees 50% drop in feedstock supplies
Riyadh – Mubasher: The Saudi Kayan Petrochemical Company (Saudi Kayan) announced an approximate 50% cut in feedstock supplies to the company’s plants starting Saturday, 14 September. The company is currently working on evaluating the final effects …
Petrochem will disclose any relevant developments
15 September 03:45 PM Petrochem announces 40% shortage in feedstock supplies
Riyadh – Mubasher: The National Petrochemical Company (Petrochem) announced a 40% curtailment of feedstock supplies in the company’s project. Petrochem said that it is difficult to determine the financial impact at the moment, according to a …
Ministry of Interior has controlled two fires in two of Aramco’s facilities
15 September 03:21 PM SABIC announces decline in units’ feedstock supplies
Riyadh – Mubasher: Saudi Basic Industries Corp. (SABIC) announced a curtailment of feedstock supplies for some of its Saudi-based subsidiaries starting from Saturday, 14 September 2019. The said curtailment is expected to be in different …
KOC’s average capital spending totals KWD 2 billion in FY19/20
12 September 05:09 PM KOC's operating budget totals KWD 2.5bn in FY19/20
Mubasher: The CEO of Kuwait Oil Company (KOC) Emad Sultan announced that the firm’s operating budget for fiscal year 2019/2020 amounts to KWD 2.5 billion, as reported by Alrai Newspaper. He concluded that KOC’s average capital spending for the …
Brent futures for November levelled up by 0.5%
12 September 03:57 PM Kuwaiti oil drops to $62.08 pb on Wednesday – KPC
Mubasher: The price of the Kuwaiti oil fell by $0.13 to settle at $62.08 per barrel (pb) on Wednesday from $62.21 pb on Tuesday, according to the official prices published by the Kuwait Petroleum Corporation (KPC). Globally, oil prices rose during …
The US Nymex futures for October edged up by 0.7%
11 September 02:09 PM Kuwaiti oil rises to $62.21 pb on Tuesday – KPC
Mubasher: The price of the Kuwaiti oil inched up by 76 cents to settle at $62.21 per barrel (pb) on Tuesday from $61.45 pb on Monday, according to the official prices published by the Kuwait Petroleum Corporation (KPC). Globally, oil prices rose …
The US oil reserves declined below expectations
29 August 03:02 PM Kuwait’s crude oil up to $60.19/pb on Wednesday – KPC
Mubasher: The price of Kuwait’s crude oil rose by 75 cents on Wednesday to reach $60.19 per barrel (pb) from $59.44 pb on Tuesday, according to the prices shown by the Kuwait Petroleum Corporation (KPC). On the global level, the prices of crude …
UGC exported nearly 1.1 million of wheat in marketing season 2018/2019
28 August 05:33 PM Russian firm eyes selling grains to Egypt
Cairo – Mubasher: Russia’s United Grain Company (UGC) plans to expand its grain exports by selling to Egypt, the largest wheat importer in the world, Reuters reported. UGC’s Swiss trading arm, Grain Export SA, took part but did not win Egypt’s …
Global prices of crude oil increased by more than 2% during Tuesday’ settlement
28 August 11:29 AM Kuwait crude oil extends losses to $59.44/pb on Tuesday – KPC
Mubasher: The price of Kuwait’s crude oil retreated by 40 cents on Tuesday to reach $59.44 per barrel (pb) from $59.84 pb on Monday, according to the prices shown by the Kuwait Petroleum Corporation (KPC). Globally, the prices of crude oil …
Nymex futures of October went up by 0.3%
27 August 01:40 PM Kuwait’s oil falls to $59.84/pb on Monday – KPC
Mubasher: The price of Kuwait’s crude oil lowered by 92 cents on Monday to reach $59.84 per barrel (pb) from $60.76 pb on Friday, according to the price shown by the Kuwait Petroleum Corporation (KPC). Globally, the price of crude oil hiked on …
Stimulus hopes have backed the economy’s monetary policy
21 August 11:16 AM Kuwait crude oil rises to $60.61 bpd on Tuesday – KPC
Mubasher: The price of Kuwait’s crude oil increased on Tuesday by 76 cents to settle at $60.61 per barrel (pb) from $59.85 per barrel (pb) last Monday, according to the official prices posted by the Kuwait Petroleum Corporation (KPC). Globally, …
Egypt imported 11 million tonnes of wheat in 2018
20 August 04:53 PM Egypt inspects Russian wheat shipments after explosion – Official
By: Mohamed Mowafy Cairo – Mubasher: The Egyptian Atomic Energy Authority (EAEA) will examine shipments of wheat and other food products coming from Russia, head of Egypt’s National Food Safety Authority (NFSA), Hussein Mansour, said. All …
The US oil inventories rose by 2.4 million barrels last week
8 August 02:00 PM Kuwait crude oil drops to $59.2/b on Wednesday – KPC
Mubasher: The price of the Kuwaiti crude oil fell to $59.2 per barrel (pb) on Wednesday, 88 cents lower than $60.08 pb on Tuesday, according to the Kuwait Petroleum Corporation’s (KPC) official prices. Globally, oil losses depended by more than …