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
CarbonCapture builds modular machines that contain material that absorbs carbon dioxide when cooled and releases it when heated
Aramco’s shares were up about 1.7 per cent to SAR32.3 a share, slightly above their 2019 IPO price of SAR32
The fund has held a 4 per cent stake in Aramco since 2022 and indirectly holds another 4 per cent that was transferred last year to Sanabil
The announcement underscores Saudi Arabia’s position as a growing tech powerhouse in the region
The state-owned energy firm last tapped global debt markets in 2021, when it raised $6bn from the sale of a three-tranche sukuk
Aramco chief executive Amin Nasser said he expected oil demand to increase to 104 million bpd this year and to 105 million bpd in 2025
The government has lined up Citigroup, Goldman Sachs and HSBC for the sale, which could take place in the second or third quarter of this year
The complex is expected to be able to produce 1.8 million metric tons of ethylene per year and is designed to expand SABIC’s manufacturing presence in Asia
Aramco’s venture capital programme supports the development of disruptive new technologies and creates diversification opportunities for Aramco while paving the way for collaborations with innovative startups
The ranking revealed that Saudi’s Aramco retained its status as the most ‘valuable’ Middle Eastern brand in global ranking, followed by ADNOC and stc
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