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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
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
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
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
- 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
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
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
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 has significantly reduced its production since 2022 to stabilize and potentially increase oil prices as well as ensure lucrative revenue from its crude exports
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Saudi Arabia orders Aramco to cut oil capacity by 1 mln. barrels per day
- National oil company Saudi Aramco will refrain from increasing its oil capacity to 13 million barrels per day
Aramco expands global venture capital program by $4 billion
- Company more than doubles its investments from $3 billion to $7 billion
17.01.2024
Finance
Aramco enters Pakistani fuel market by acquiring 40% share of retailer GO
-Acquisition will help launch Aramco brand in Pakistan, company says
Aramco produces first unconventional tight gas from South Ghawar
- Company aims to deliver around 750 million standard cubic feet per day of raw gas from South Ghawar
Aramco to enter global LNG business by acquiring stake in MidOcean Energy
- This partnership with MidOcean Energy marks Aramco's first international investment in LNG
Hollywood movie to feature true story of Saudi oil giant
- Saudi Aramco is now one of world's largest oil producers with 9 million barrels per day of production
Saudi oil giant Aramco’s net income declines 29.5% in 1H23
- Aramco's first half 2023 profits fall to $61.9 billion compared to $87.9 billion in same period last year
TotalEnergies, Aramco convert oil from plastic waste for first time in MENA region
- Certified by International Sustainability and Carbon Certification, project aims to recycle plastics to circular polymers in Saudi Arabia
Aramco, TotalEnergies to jointly build petrochemicals complex for $11 billion
-New facility is expected to have capacity to produce 1,650 kilotons per annum of ethylene and other industrial gases
Saudi oil giant Aramco’s net income declines 19% in 1Q23
- Aramco's first quarter 2023 profits falls to $31.9 billion compared to $39.5 billion in same period last year
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Aramco acquires 10% stake in China’s Rongsheng petchem firm
- Aramco will supply 480,000 barrels per day of Arabian crude oil to Rongsheng affiliate Zhejiang Petroleum and Chemical
Aramco inks $12.2B deal with China for refinery, petchem complex in NE China
- Refinery with capacity of 300,000 oil barrels per day will be completely operational by 2026
Aramco signs letter of intent with Geely and Renault to join low-emission fuel tech. company
- Aramco will contribute to key R&D across synthetic fuels solutions and next-gen hydrogen technologies through collaboration
Aramco, Sinopec to colloborate on petrochemical complex in China
-Deal comes after two companies ink memorandum of understanding to investigate feasibility of a new petrochemical complex in Saudi Arabia
Aramco, TotalEnergies to build petrochemical complex in Saudi Arabia
- Project is scheduled to begin earlier next year with commercial operation targeted to start in 2027
Saudi oil giant Aramco increases profits by 39.4% in 3Q22
- Company’s nine-month income also rises by more than 67% to $130.3 billion
Aramco announces $1.5 billion fund to support energy transition
- Fund aims to invest in technologies that support Aramco's net zero 2050 ambitions
Aramco CEO says energy policies alarming for almost a decade
- Fear factor plays role in shrinking long-term oil and gas investments and one of many causes of ongoing energy crisis, Aramco CEO says
Saudi oil giant Aramco reports 90% profit rise in 2Q22
- Aramco's second quarter 2022 profits hit $48.4 billion compared to $25.5 billion in same period of last year