The steel manufacturing facility has an annual production capacity of 2.5 million tonnes of direct reduced iron and nearly 1.7 million tonnes of steel
The kingdom wants to be the world’s biggest supplier of hydrogen, Saudi Energy Minister Prince Abdulaziz bin Salman al-Saud said in 2021
The government sold a 0.64 per cent stake in Aramco last month, with an additional 154 million shares available for stabilising manager Merrill Lynch
GCC companies and governments have rushed to tap debt markets since the start of the year to take advantage of recent falls in global interest rate
With global LNG demand expected to grow 50 per cent by 2030, ADNOC is tapping opportunities around the world including with US players
The Gulf energy giants have been conducting preliminary evaluations of Santos as a possible acquisition target
Renault CEO Luca de Meo described the deal as creating a “dream team” that would “reinvent” the future of combustion-engine and hybrid technologies
The energy giant signed a letter of intent in March 2023 with a view to possibly becoming a minority shareholder in the JV
The development of Saudi Arabia’s renewable energy sector is a core objective of Vision 2030, the kingdom’s blueprint for a modern, diversified economy
Aramco and Sempra expect to execute binding LNG and definitive equity agreements with terms substantially equivalent to those in the heads of agreement
Saudi Aramco’s chairman Yasir Al Rumayyan, who heads Saudi Arabia’s Public Investment Fund, was initially appointed to RIL’s board in 2021 for a three-year term
The world’s largest oil firm has been expanding its trading activity
The world’s top oil exporter has been seeking to bring in international investment as it launches a range of projects as the Saudi government seeks to diversify its oil-based economy
International demand for the secondary share sale was greater than for Aramco’s IPO in 2019
The oil behemoth’s shares were priced at $7.27 (SAR27.25), near the bottom of a SAR26.7 to SAR29 range used in marketing the sale
The contract is for the procurement and construction of the third phase of the master gas system in Saudi Arabia
The state-owned energy firm’s bankers have told investors it plans to price the shares at $7.27 (SAR27.25) each
The state-owned energy firm seeks to strengthen its position in the global LNG market, which is set to grow globally by 50 per cent by 2030
Saudi Arabia is offering investors about 1.545 billion Aramco shares, or 0.64 per cent
Aramco’s significant pickup of a stake in Gas & Oil Pakistan was first announced in December last year
The deal’s value could rise to $13.1bn at the top end under a greenshoe option, which would allow the sale of nearly 1.7 billion shares
The share offering is expected to be priced at a further discount of as much as 10 per cent to the trading price
Nasser has become highly popular at Aramco, by promoting a decentralised culture and spending time with both leaders and workers, as per analysts tracking the oil giant’s growth
The energy firm expects to pay $31bn in dividends, despite reporting lower earnings for the first quarter
ADNOC has been stepping up its global expansion in recent years, including building trading operations since 2018
Shell has said it believes gas and LNG will play a critical role in the energy transition by replacing more polluting coal in power plants
Speaking at one of the biggest energy conferences in the world, Aramco has backed forecasts of continued demand for traditional fossil fuels
ADNOC has sharpened its focus on natural gas, seeing it as a transition fuel, as the world tries to curb planet-warming emissions
Amin Nasser, CEO of Saudi Aramco, has made the remarks at the 2024 CERAWeek being hosted in Houston, Texas this week
The PIF currently ranks number five globally in terms of sovereign wealth funds by asset size