Aramco
Saudi Aramco to expand huge gas plant as global demand surges
SAUDI Aramco is moving ahead with plans to expand the Fadhili gas processing facility in the kingdom’s Eastern Province as part of its strategy to tap vast and under-developed...
Saudi Aramco CEO calls energy transition strategy a failure
POINTING to the still paltry share of renewable energy in global supply, the head of Saudi Aramco described the current energy transition strategy as a misguided failure on Monday....
Saudi Arabia in talks to add top Wall Street banks to Aramco share sale
SAUDI Arabia is in talks to add top Wall Street banks for a secondary share sale in oil giant Aramco, as it pushes ahead with one of the largest...
Saudi wealth fund eyes US$20 billion windfall from Aramco dividend
SAUDI Arabia’s sovereign wealth fund is set to earn about US$5 billion in dividend payments every quarter from its stake in Aramco after the government handed it more shares...
Saudi Aramco boosts dividend despite drop in 2023 profit
Saudi Arabia’s state-owned oil giant Aramco said on Sunday (Mar 10) that it boosted its dividends last year despite net profit falling to 454.7 billion Saudi riyals (S$161.7 billion, US$121.3...
Saudi Arabia moves US$164 billion Aramco stake to wealth fund
SAUDI Arabia’s government transferred a further US$164 billion stake in Aramco to the Public Investment Fund (PIF), a move aimed at bolstering cashflow at the state-backed investor that’s been...
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