#aramco
Commissioned facilities at South Ghawar can process 300 million standard cubic feet per day of raw gas and 38,000 barrels per day of condensate
The energy firm has the option to increase its shareholding and associated rights in the future
Ben Stokes was unveiled as one of the athletes backing a new venture capital firm allowing sports stars to invest in consumer-facing startups
Nassir Al-Naimi remains in charge of Aramco’s oil and gas production while Mohammed Al Qahtani will continue to run the refining and chemicals business
Global crude oil prices declined in the first quarter of 2023 mainly driven by macroeconomic events contributing to market volatility
The steel manufacturing base has a designed annual capacity of 2.5 million tonnes of direct reduced iron and 1.5 million tonnes of steel plate
The state-owned oil major said the deal includes the supply of 480,000 bpd of crude oil to Rongsheng refinery for 20 years
The non-binding MoU aims to contribute to the digital transformation of various industrial sectors in Saudi Arabia
The transaction expands Aramco’s lubricants business globally
Aramco has allocated $300m in additional funds to Wa’ed Ventures
Terra Drone is the first Asian startup to raise funding from Wa’ed Ventures
The move strengthens Aramco Trading Company’s global operations and extensive portfolio, giving it incremental access to the largest oil refinery in North America
The three entities are exploring collaboration across refining and petrochemical projects in Saudi Arabia as well as China
The company is planning to sell 50 million shares, or a nearly 30 per cent stake
The collaboration aims to support the kingdom’s economic growth, leveraging emerging technologies in hybrid cloud, AI, and quantum computing
Shihana Alazzaz has been named the first female Deputy Secretary General of the Saudi Cabinet
The rally in oil prices has boosted the world’s biggest oil company’s shares
The kingdom’s sovereign wealth fund signed non-binding memorandums of understanding with five companies
Aramco declared a dividend of $18.8bn for the fourth quarter, to be paid in Q1 2022
A group led by BlackRock will buy a 49 per cent stake in Aramco Gas Pipelines
A transaction would boost Aramco’s sales of crude to India
Gulliver replaces Sir Mark Moody-Stuart, who had been on the board since 2007
The subsidiary will have rights to 25 years of tariff payments for oil transported through Aramco’s crude pipeline network
The kingdom has no plans to introduce an income tax, Prince Mohammed confirmed
Wassim Al Khatib will lead Citigroup’s investment banking and markets business in Saudi Arabia
A storage tank in the Ras Tanura terminal was attacked by a drone while a missile also landed near a residential compound for Saudi Aramco employees in Dhahran
Saudi Arabia joins global network of Google Cloud Platform regions
OPEC and allied producers have started to ease output curbs amid weakening demand
Members of the Oil & Gas Climate Initiative pledged to reduce the carbon intensity of their operations to between 20 and 21 kilograms of carbon dioxide per barrel of crude equivalent by 2025
The cuts were widespread across the region from South Asia and Southeast Asia to some parts of North Asia