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
Saudi Arabia sends more than 60 per cent of its crude exports to Asia
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
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