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FINANCIAL NEWS
Saudi Aramco requests USD 2bn for clean fuels project
28 Feb 2016
(MENAFN) Saudi Aramco has recovered bidding for a cleaner fuels project at its oil refinery in Ras Tanura, trailing speculation that lower oil prices would force the project’s termination.
Moreover, the potential USD 2bn scheme had at least three previous rounds of bidding without a contract being awarded, which will be in May.
Aramco has been restoring its refineries to generate cleaner fuels, as part of a trend at Middle Eastern refineries to target export markets.
Additionally, the Ras Tanura project, involving a naphtha hydrotreater was to be part of a second phase of upgrades and was due to go on stream in 2016.
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BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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