aramco
- Middle East
Saudi Aramco signs 4-year partnership deal with FIFA
The Kingdom of Saudi Arabia’s oil giant Aramco on Thursday, April 25, signed a four-year global partnership with professional football association FIFA, becoming a major worldwide partner in the energy category. Aramco will…
- Middle East
Saudi Crown Prince announces transfer of 8% Aramco shares to PIF firms
Riyadh: The Kingdom of Saudi Arabia’s Crown Prince Mohammed bin Salman bin Abdulaziz Al-Saud on Thursday, March 7, announced the transfer of 8 percent of Aramco shares to companies fully owned by…
- Middle East
Saudi’s Aramco discovers 15 trillion cubic feet gas reserves in Jafurah field
Riyadh: The Kingdom of Saudi Arabia’s oil giant Aramco has discovered an additional 15 trillion standard cubic feet of gas and 2 billion barrels of condensate in the Kingdom’s Jafurah field. In a statement,…
- Middle East
Saudi Arabia to maintain maximum oil output at 12 million bpd
Riyadh: The Kingdom of Saudi Arabia’s oil giant Aramco has announced that it will maintain its maximum sustainable capacity (MSC) at 12 million barrels per day (bpd), following the directive from the Ministry…
- Middle East
Saudi Arabia announces discovery of two natural gas fields
Riyadh: The Kingdom of Saudi Arabia’s oil giant Aramco has announced the discovery of two new natural gas fields in the Empty Quarter, the Saudi Press Agency (SPA) reported. In a statement, Minister…
- Middle East
Saudi Arabia to get another Aramco stock offering
Saudi Arabia is gearing up for another multi billion dollar offering of Aramco stock which is gaining fresh momentum and the deal is expected to be one of the world’s largest share…
- Middle East
Saudi Aramco’s profits fell 19% in first quarter of 2023
Riyadh: Saudi Aramco, the largest oil company in the world, announced that its profits in the first quarter of 2023 amounted to 119.54 billion riyals (about $31.9 billion), down 19 per cent…
- Middle East
Saudi Aramco overtakes Microsoft as world’s 2nd largest company by market value
Riyadh: Saudi oil giant Aramco has displaced American technology giant Microsoft to become the world’s second-largest company by market value at 7.92 trillion Saudi Riyals (2.11 trillion dollars) as the company’s stock prices…
- Middle East
Saudi transfers 4% Aramco shares to PIF’s Sanabil
Riyadh: Saudi Crown Prince Mohammed bin Salman on Sunday announced the completion of the transfer of 4 per cent of the total shares of Aramco from Kingdom ownership to the Saudi Arabian…
- Middle East
Saudi Aramco posts record profit of $161 billion for 2022
Riyadh: Saudi oil giant Aramco has announced a record profit of $161.1 bn for 2022, helped by soaring energy prices and bigger volumes, media reports said. It represents a 46.5 per cent…
- India
Saudi Aramco exec detained in India for carrying satellite phone
New Delhi: The Kingdom of Saudi Arabia’s Aramco, the world’s largest oil company’s senior executive was arrested in India in July for carrying a satellite phone without permission from authorities while on…
- Middle East
Saudi Aramco unveils USD 1.5B sustainability fund
Jeddah: Saudi oil and gas company Aramco unveiled a USD 1.5 billion fund on Wednesday for sustainable investments, part of efforts to burnish the state-owned company’s green credentials in an announcement ahead…
- Middle East
Saudi Aramco profit surges 90% in Q2 amid rise in oil prices
Riyadh: The Saudi oil company, Aramco announced on Sunday that it achieved a record profit of 181.16 billion riyals (48.4 billion dollars) in the second quarter (Q2) of 2022, an increase of…
- Middle East
Saudi Aramco surpasses Apple; is now world’s most valued company
Riyadh: The market value of Saudi Arabia’s Aramco, the world’s largest oil company, has surpassed the American company Apple, making the Saudi oil giant the world’s top-valued company. This came after the…
- Middle East
Not responsible for oil shortages, says Saudi Arabia after attack on facility
Riyadh: Saudi Arabia’s Ministry of Energy on Friday said that the kingdom will not bear responsibility for the lack of oil supplies in global markets caused by Houthi attacks on its oil…
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