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
The company will increase its presence in Saudi Arabia by opening an office in Dhahran to develop industrial vision-based solutions
Oil and gas investments slumped from $700bn in 2014 to $300bn in 2021, according to Aramco’s chief executive officer, Amin Nasser
By 2026, all FIA Championships will be required to power their cars with 100 per cent sustainable fuels
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 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
State producer Saudi Aramco increased its Arab Light grade for next month’s shipments to Asia to $9.80 a barrel
Aramco will benefit from VGP’s robust manufacturing and distribution network, significant R&D capabilities, strong partnerships with major OEMs
Powered by advanced cloud solutions and industrial software, the joint venture will support industrial digitalisation on a nationwide scale and across the MENA region
Sheila Alrowaily is among a growing number of women taking on leadership roles in finance across the Gulf region
West Texas Intermediate futures climbed toward $111 a barrel after rising 0.5 per cent on Wednesday
Aramco’s output averaged 10.2 million barrels a day between January and March, up 20 per cent year-on-year
The stock is on track for a seventh straight weekly drop, which would represent its longest such streak since November 2018
Demand for products from plastics to paint has soared in the past year with economies recovering from the coronavirus pandemic
Saudi Arabia sends more than 60 per cent of its crude exports to Asia
Luberef would be joining several Aramco subsidiaries already listed on the Saudi stock exchange
Foreign direct investment in 2021 totalled $19.3bn, the most since 2010
The facility will be built in the city of Panjin, in China’s Liaoning Province
Gas is a cleaner fuel than crude oil
Crude prices have surged around 20 per cent this year
The government will still be the largest shareholder in Aramco
Oil has rallied on improving demand and supply outages, putting $100 a barrel within reach
Etisalat was also named the strongest telecom brand globally
On Tuesday OPEC+ decided to increase production in February by 400,000 barrels a day
The stock first reached $1 trillion in value in mid-2018, and achieved a $2 trillion valuation in August 2020
Reliance and Aramco had signed a non-binding letter of intent in August 2019 for a potential 20 per cent stake in Reliance’s oil-to-chemicals unit
The world’s biggest crude producer’s third-quarter profit climbed to $30.4bn
The consortium, led by Washington-based EIG Global Energy Partners, may raise at least $4.5bn
Initial demand amounted to several billion dollars