US crude inventories expanded by 2.35 million barrels last week
The consortium is expected to increase job opportunities
With a young leadership at the helm, the GCC’s largest economy has embarked on a journey of growth, diversification and alliances
Partnership would leverage digital transformation to support Saudi Arabia’s energy transition and expand its knowledge economy
Aramco’s gearing fell to 19.4 per cent from 23 per cent at the end of 2020
SAP services to be more widely available on Google Cloud
Revenue climbed 72 per cent year-on-year to $11.3bn
Stakeholders across local and regional countries are keen to pursue sustainable fuels
The state-owned driller was reportedly offered the chance to have the data deleted for $50m in cryptocurrency
The value of the original project was estimated at $6.6 billion in 2018
The state energy giant is preparing to gauge interest in the assets from potential investors
Aramco raised $12.4bn by selling leasing rights over oil pipelines to a US-led group of investors in April
The global market has tightened significantly over the past few months amid a robust rebound in fuel demand in the US, China and parts of Europe
The company is set to name Ziad Al-Murshed as chief financial officer, replacing Khalid al-Dabbagh
Goldman banker Eyas AlDossari will head investment advisory within the MENA Investments Division of the fund
The state-controlled company sold sukuk due in three, five and 10 years
The firm is raising cash to help finance its plans to pay out $75bn in dividends
The firm is raising cash to help fund its commitment to pay out $75bn in dividends
The price of oil has doubled since October to more than $70 a barrel
Brent crude has gained over 30 per cent this year to top $68 a barrel
Revenue rose 24 per cent year-on-year to SAR37.5bn and 14 per cent from the previous quarter
The company is also conducting a strategic review of its upstream business
The company reshuffled its senior management last year and created a division focused on portfolio optimisation
The highest ranked Arabs originating from Saudi Arabia in Gulf Business’ annual Arab power list
The deal is part of Saudi Arabia’s drive to open up to foreign investment and use the money to diversify its economy
The buyout firm’s consortium will include US and Chinese investors
The new plan comes after the coronavirus pandemic and oil market turmoil created a double crisis for Saudi Arabia
Aramco is looking to work with China on blue hydrogen and ammonia, synthetic fuels and carbon capture utilization and storage
These strikes came after Iran-backed Houthi rebels attacked an Aramco refinery in the Saudi capital on Friday
The Public Investment Fund is raising about $15bn from a group of international banks to finance new investments