#Saudi Aramco

Saudi Arabia discovers two new natural gas fields

Saudi Arabia discovers new natural gas fields in Empty Quarter

The Minister of Energy said the discovery of the Al-Hiran natural gas field was confirmed after gas flowed from the Hanifa reservoir in the Al-Hiran

Aramco Q3 profit falls 23% on lower crude oil prices, volumes

Saudi Aramco Q3 profit falls 23% on lower crude oil prices, volumes

Net profit declined to $32.6bn for the quarter to September 30 from $42.4bn a year earlier


Saudi Aramco, Hyundai to set up $2.4bn gas plant in Jafurah

Jafurah is Saudi’s largest unconventional non-oil associated gas field, with reserves estimated at 200 trillion cubic feet

stock markets

Israel-Palestinian crisis: Major Gulf stock markets fall

Almost all the stocks on the index were in negative territory including blue-chip developer Emaar Properties

Saudi Aramco to acquire Chile’s Esmax Distribusción

Saudi Aramco to acquire Chile’s Esmax Distribusción

The transaction will give Aramco access to retail fuel stations, airport operations, fuel distribution terminals and a lubricant blending plant

Saudi Aramco reports Q2 2023 earnings

Aramco reports a drop in profits of 38% in Q2 2023

The world’s largest oil company reported that it had paid out a base dividend for Q1 2023 of $19.5bn in the second quarter, which was up 4 per cent year-on-year


Saudi Aramco VC fund backs AI-powered emissions monitor Tenderd

Tenderd’s AI-technology could end up being used by Aramco as it looks to reduce its environmental impact and hit its net zero target

Aramco, TotalEnergies award contracts for $11bn Amiral project

Aramco, TotalEnergies award contracts for $11bn petchem complex

The awarding of the contracts marks the start of construction work on the petrochemical facility

Saudi Arabia tranfer Aramco stake

Saudi Arabia transfers 4% Aramco stake to PIF

The state remains the largest shareholder in Aramco after the transfer, as it retains more than 90 per cent of the company’s shares

Aramco, HAPCO JV

Aramco, China JV to start work on petrochem complex

The state-owned oil giant will supply up to 210,000 bpd of crude oil feedstock to the complex, which is being built in China’s Liaoning province

Saudi Aramco’s record net income. Image by Aramco

Saudi Aramco profit surges to $161.1bn in 2022, raises dividend

The company’s declared a dividend of $19.5bn for the final quarter of 2022, a 4 per cent increase compared to the previous three-month period

Korea Eximbank and Saudi Aramco deal

Saudi Aramco signs $6bn deal with Korea Eximbank

The deal comes amid expectations of lucrative business opportunities in Saudi Arabia and the Middle East

UAE corporate tax exemptions.

MENA M&A activity smashes record to top 700 deals in 2022

Domestic deals represented 34 per cent of the total M&A value at $28.4bn while outbound deals led in value at $40.1bn

Aramco, Geely and Renault venture

Saudi Aramco plans to set up powertrain JV with Renault, Geely

Aramco will be a minority stakeholder in the venture while Geely and Renault are expected to retain equal equity stakes

SABIC projects tight industry margins

Saudi Arabia’s SABIC sees industry margins staying tight

SABIC, which is majority-owned by Saudi Aramco, said average sale prices dropped 9 per cent from the previous quarter.

Saudi Aramco refiner drops in debut after $1.3bn IPO

Saudi Aramco refiner drops in debut after $1.3bn IPO

Luberef, as the refiner is known, dropped as much as 6.6 per cent in Riyadh to SAR92.5  ($24.61), valuing the company at SAR15.9bn

Aramco, Total to build $11bn Saudi petrochemical project

The facility is set to start operations in 2027


Saudi Aramco refiner Luberef’s IPO to raise up to $1.32bn

Luberef becomes the latest billion-dollar plus IPO in the Gulf

Saudi Aramco signs 59 agreements to foster local industrial ecosystem

The purchase agreements with local and global manufacturers are valued at $11bn, and will reinforce supply chain resilience

Aramco says hydrogen talks with Japan, South Korea are advancing

Much of the gas for Aramco’s blue hydrogen will come from Saudi Arabia’s massive Jafurah field

Saudi Aramco makes second highest profit on surging oil prices

Saudi Aramco makes second highest profit on surging oil prices

Aramco’s net income was $41.6bn in the third quarter, slightly above analysts’ expectations

Aramco Launches Taleed Program to Accelerate SME growth in Saudi Arabia

Aramco launches Taleed to accelerate SME growth in Saudi Arabia

The programme will provide SMEs a wide range of support from capability building and strategy development to training, market access, advisory services and business planning

Aramco says global oil spare buffers to slump when China reopens

Analysts say there’s only about 2 million barrels a day of capacity that could be brought online quickly should there be a supply shutdowns


French enterprise AI platform Alteia closes its latest funding round led by Wa’ed Ventures

The company will increase its presence in Saudi Arabia by opening an office in Dhahran to develop industrial vision-based solutions

Saudi Aramco

Saudi Aramco says global oil buffers may vanish when demand recovers

Oil and gas investments slumped from $700bn in 2014 to $300bn in 2021, according to Aramco’s chief executive officer, Amin Nasser

sustainable fuels

Saudi Aramco, Formula Motorsport partner to introduce sustainable fuels

By 2026, all FIA Championships will be required to power their cars with 100 per cent sustainable fuels

Saudi Aramco announces record Q2 and H1 2022 results

Saudi Aramco posts record quarterly profit, announces H1 net income of $87.9bn

Aramco posted a 90 per cent year-on-year increase in net income in Q2 2022 to 48.4bn and declared a dividend of $18.8bn to be paid in Q3

Saudi Aramco plans to go big carbon storage

Saudi Aramco plans to go big on carbon storage

Saudi Aramco plans to begin permanently storing carbon dioxide from 2026 in one of the largest facilities of its kind, as the state oil giant seeks to reach its goal of net-zero emissions by 2050

Saudi Arabia raises oil prices for Asia to record levels

State producer Saudi Aramco increased its Arab Light grade for next month’s shipments to Asia to $9.80 a barrel

Saudi Aramco plans to go big carbon storage

Aramco to acquire Valvoline Global Products for $2.65bn

Aramco will benefit from VGP’s robust manufacturing and distribution network, significant R&D capabilities, strong partnerships with major OEMs