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Saudi Arabia and Kuwait announce new oil discovery in Partitioned Zone

Saudi Arabia and Kuwait announce new oil discovery in Partitioned Zone

- Wara reservoir in North Wafra (Wara-Burgan-1) well shows production rate exceeding 500 barrels per day

26.05.2025 Oil

Aramco posts 4.8% drop in Q1 net income amid lower oil prices

Aramco posts 4.8% drop in Q1 net income amid lower oil prices

- World's biggest crude exporter, posts net income of $26 billion for January-March period, down from $27.3 billion in Q1 2024

12.05.2025 Oil Finance

China-Saudi energy alliance challenges global geopolitical balance

China-Saudi energy alliance challenges global geopolitical balance

- Ahead of US President's visit to Middle East on May 13, agreements signed between China's Sinopec and Saudi Aramco underscore growing energy partnership between Beijing and Riyadh

12.05.2025 Energy Diplomacy

US in talks with Saudi Arabia on nuclear technology agreement, says US energy secretary

US in talks with Saudi Arabia on nuclear technology agreement, says US energy secretary

- ‘I think in the short run, we’ll sign a broader agreement about cooperation across the energy space,’ says Chris Wright

14.04.2025 General

Ukraine says it had 'productive' talks with US in Saudi Arabia

Ukraine says it had 'productive' talks with US in Saudi Arabia

- 'We addressed key points, including energy,' says Defense Minister Rustem Umerov

24.03.2025 General

Syria, Saudi energy company discuss cooperation in agricultural sector

Syria, Saudi energy company discuss cooperation in agricultural sector

- Two sides discuss 'ways to rehabilitate agricultural infrastructure to build integrated projects that contribute to greater investment and the creation of new job opportunities'

13.03.2025 Finance Energy Projects

Saudi oil giant Aramco's profit drops 12% in 2024 on lower prices, volumes

Saudi oil giant Aramco's profit drops 12% in 2024 on lower prices, volumes

- World's biggest crude exporter announces net income of $106.2 billion in 2024

04.03.2025 Oil

Pakistan secures $1.2B deferral on Saudi oil payments

Pakistan secures $1.2B deferral on Saudi oil payments

- Saudi Arabia to fund $41M water project in Khyber Pakhtunkhwa

04.02.2025 Oil

Saudi Arabia inks deal with Germany to export green hydrogen to Europe

Saudi Arabia inks deal with Germany to export green hydrogen to Europe

- Under the deal, 200,000 tons of green hydrogen will be exported to Europe annually by 2030

04.02.2025 Renewable

Saudi crown prince meets Italian prime minister to strengthen ties

Saudi crown prince meets Italian prime minister to strengthen ties

- Mohammed bin Salman, Giorgia Meloni sign agreement to establish strategic partnership council between Saudi and Italian governments

27.01.2025 General

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Trump calls for immediate interest rate cuts during his Davos speech

Trump calls for immediate interest rate cuts during his Davos speech

- 'I'll demand that interest rates drop immediately.. they should be dropping all over the world,' US president says

24.01.2025 General

Saudi Arabia urges lifting of sanctions on Syria

Saudi Arabia urges lifting of sanctions on Syria

- Saudi foreign minister says Riyadh has observed strong desire of new administration to engage with regional partners, international community

22.01.2025 Energy Diplomacy

Global mining needs $6 trillion over next decade, Saudi minister says

Global mining needs $6 trillion over next decade, Saudi minister says

- 4th annual international meeting of mining ministers opens in Riyadh with participations of representatives from 85 countries

14.01.2025 Finance General

Exclusive - Iran's oil halt pushes Syria toward new regional cooperation

Exclusive - Iran's oil halt pushes Syria toward new regional cooperation

- Saudi Arabia's potential oil supply is seen as a strategic move that could reshape regional energy dynamics

27.12.2024 Natural Gas Oil analysis Energy Diplomacy Energy Projects

Oil giants' profits slide 15.1% to $182.1 billion in January-September

Oil giants' profits slide 15.1% to $182.1 billion in January-September

- Oil majors' net revenues drop to $182.1 billion in first nine months of the year, down from approx. $214.5 billion in 2023

11.12.2024 Refining/Petro Chemistry

Aramco, China's Sinopec break ground on new petchem project in China

Aramco, China's Sinopec break ground on new petchem project in China

- Project expected to be fully operational by the end of 2030

18.11.2024 General

Azerbaijan, Kazakhstan, Uzbekistan sign strategic partnership deal on green energy

Azerbaijan, Kazakhstan, Uzbekistan sign strategic partnership deal on green energy

- Azerbaijani president holds trilateral talks with Kazakh, Uzbek counterparts on sidelines of COP29 in Baku

13.11.2024 Renewable

Saudi oil giant Aramco's net income drops 15.3% in 3Q24

Saudi oil giant Aramco's net income drops 15.3% in 3Q24

- Decline linked to reduced crude oil prices and softer refining margins

05.11.2024 Oil

Yuan eyes top currency spot in oil trade, experts say replacing dollar will be lengthy

Yuan eyes top currency spot in oil trade, experts say replacing dollar will be lengthy

- Experts believe replacing petrodollar will take time while CBDC could give yuan the push to compete with dollar in long term

30.09.2024 Oil Energy Diplomacy

Saudi Arabia announces major oil, gas discoveries

Saudi Arabia announces major oil, gas discoveries

- Saudi Arabia ranks as world's largest crude oil exporter

02.07.2024 Natural Gas Oil

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Aramco awards contracts worth over $25B for strategic gas expansion projects

Aramco awards contracts worth over $25B for strategic gas expansion projects

Multi-billion dollar investment targets phase two development of Jafurah unconventional gas field, phase three expansion of Aramco's Master Gas System, new gas rigs and capacity maintenance

01.07.2024 Natural Gas Oil

Saudi oil giant Aramco and Sempra sign 20-year LNG supply deal

Saudi oil giant Aramco and Sempra sign 20-year LNG supply deal

Deal covers sale and purchase agreement for offtake of 5 million tonnes per annum of LNG from Port Arthur LNG Phase 2 expansion project

26.06.2024 Lng/Lpg

Saudi Arabia to hold approximately $12B share sale of oil giant Aramco

Saudi Arabia to hold approximately $12B share sale of oil giant Aramco

Saudi oil major to sell 1.545 billion shares at a price between 26.70 and 29 Saudi riyals per share

31.05.2024 Oil Finance

Saudi oil giant Aramco reports 14.4% drop in net profit in 1Q24

Saudi oil giant Aramco reports 14.4% drop in net profit in 1Q24

-Company's revenue for January–March period reaches around $107.2 billion, compared to $111.3 billion for same quarter last year

07.05.2024 Oil Finance

Saudi oil giant Aramco to buy 10% stake in Chinese company Hengli Petrochemical

Saudi oil giant Aramco to buy 10% stake in Chinese company Hengli Petrochemical

Aramco continues to ‘explore new opportunities in important markets, as we seek to progress in our liquids-to-chemicals strategy,’ says oil giant’s downstream president

22.04.2024 General

Aramco announces major expansion at Fadhili gas plant

Aramco announces major expansion at Fadhili gas plant

- New project is expected to enlarge plant’s processing capacity from 2.5 standard cubic feet per day to 4 billion standard cubic feet per day, says oil major

02.04.2024 Natural Gas Oil

Head of Saudi oil giant Aramco calls for energy 'transition strategy re-set'

Head of Saudi oil giant Aramco calls for energy 'transition strategy re-set'

"We should abandon the fantasy of phasing out oil and gas, and instead invest in them adequately, reflecting realistic demand assumptions," says Aramco CEO

19.03.2024 Oil

Saudi oil giant Aramco reports $121.3B net income in 2023

Saudi oil giant Aramco reports $121.3B net income in 2023

Despite roughly 25% decline, this was 2nd-highest-ever net income, says oil major

10.03.2024 Oil

Aramco signs 40 procurement deals worth $6 billion

Aramco signs 40 procurement deals worth $6 billion

National oil company Aramco aims to strengthen domestic supply chain, and contribute to development of energy services sector in Saudi Arabia

27.02.2024 General

Saudi Arabia cuts production to propel prices, revealing strategy over supply

Saudi Arabia cuts production to propel prices, revealing strategy over supply

- Saudi Arabia has significantly reduced its production since 2022 to stabilize and potentially increase oil prices as well as ensure lucrative revenue from its crude exports

02.02.2024 Oil Finance Energy Diplomacy

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