Aramco, TotalEnergies sign $11 billion contract to build petrochemicals complex in Saudi Arabia
(Reuters) – Saudi Arabian Oil Company (Aramco) and TotalEnergies have signed an $11 billion contract to start building a new petrochemicals complex in Saudi Arabia, the two companies said in a joint…
Aramco CEO says investment in oil and gas not enough to meet demand
SHARM EL-SHEIKH, Egypt (Reuters) – Saudi Aramco chief Amin Nasser said on Friday he was concerned there was not enough investment in the oil and gas sector to meet global demand in…
Saudi Aramco Q3 net income jumps 39% on higher crude prices
By Hadeel Al Sayegh DUBAI (Reuters) – Saudi Arabian state oil producer Aramco on Tuesday posted a 39% jump in its third-quarter net income that beat analysts’ forecasts, boosted by higher crude…
Saudi Aramco launches $1.5 billion fund, says energy transition plan flawed
By Rachna Uppal, Maha El Dahan and Aziz El Yaakoubi RIYADH (Reuters) – Oil giant Saudi Aramco launched a $1.5 billion fund to support an inclusive global energy transition on Wednesday while…
Saudi Aramco shows interest in buying Valvoline’s commercial unit – sources
(Reuters) -Oil giant Saudi Aramco has approached motor oil and lubricant maker Valvoline Inc to buy its segment that caters to commercial customers, sources familiar with the matter told Reuters on Wednesday.…
Aramco CEO says Ukraine invasion has accelerated global energy crisis
-Saudi Aramco CEO Amin Nasser said the “tragic situation unfolding in Ukraine” is making the global energy crisis worse, according to prepared remarks delivered at an industry conference Tuesday. Nasser, speaking at…
Aramco shares rise to record high as oil tops $100 for first time since 2014
DUBAI – Saudi Aramco shares surged as much as 4.2% to a record high 42.25 riyals ($11.26) on Thursday as oil prices breached the $100 a barrel after Russia attacked Ukraine. Brent…
Saudi Arabia transfers Aramco shares worth $80 billion to state fund
By Hadeel Al Sayegh and Moataz Mohamed DUBAI -Saudi Arabia’s Crown Prince Mohammed bin Salman has transferred 4% of Saudi Aramco shares worth $80 billion to the kingdom’s sovereign wealth fund, the…
World News: Saudi regulator approves Aramco share listing request
Saudi Aramco is to launch its initial public offering on the kingdom’s domestic stock exchange in Riyadh. But questions still remain about crown prince Mohammed bin Salman’s desire for a $2 trillion…
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