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All Stories: Aramco

Saudi Arabia doubles sovereign fund’s stake in Aramco

Saudi Arabia transferred an 8% stake in Aramco to companies owned by the sovereign Public Investment Fund, as the kingdom reorganises its holdings ahead...

Saudi Arabia to supply full oil volumes to Asia in August

Saudi Aramco has informed some clients in North Asia they will receive full nominated volumes of crude oil in August, several sources with knowledge...

Aramco, TotalEnergies sign $11 billion contract

Aramco and TotalEnergies today awarded Engineering, Procurement and Construction (EPC) contracts for the $11 billion "Amiral" complex, a future world-scale petrochemicals facility expansion at...

Aramco discovers two new Saudi gas fields

Saudi Arabia's energy minister said Saudi Aramco had discovered two new natural gas fields, Awtad and AlDahna, in the country's eastern region, state news...

Saudi Aramco posts 39% jump in third-quarter profits

Saudi Aramco on Tuesday posted a 39-percent jump in third-quarter profits year on year, the latest financial results boosted by higher oil prices resulting...

Saudi Aramco launches $1.5 bln fund to support energy transition

Oil giant Saudi Aramco launched a $1.5 billion fund to support an inclusive global energy transition on Wednesday while Saudi officials said the switch...

‘The world is facing a major oil supply crunch’

The world is facing a major oil supply crunch as most companies are afraid to invest in the sector as they face green energy...

Saudi Aramco petroleum storage site hit by Houthi attack

Yemen's Houthis said they launched attacks on Saudi energy facilities on Friday and the Saudi-led coalition said oil giant Aramco's petroleum products distribution station...

Saudi Aramco profit soars on higher oil prices

Saudi Arabian state oil giant Aramco on Sunday reported a more than doubling of annual net profit in 2021, boosted by higher energy prices. Net...

Dubai gains over 2%; Saudi Aramco hits record high

DUBAI: Major Gulf bourses jumped on Wednesday with Dubai’s main index posting its best day in over three months as oil prices rocketed past...

Saudi Arabia transfers Aramco shares worth $80 bln to state fund

DUBAI: Saudi Arabia's Crown Prince Mohammed bin Salman has transferred 4% of Saudi Aramco shares worth $80 billion to the kingdom’s sovereign wealth fund,...

Saudi Arabia transfers 4% of Aramco shares to sovereign wealth fund

CAIRO: Saudi Arabia's Crown Prince Mohammed bin Salman announced the transfer of 4% of Saudi Aramco shares to the Public Investment Fund, Saudi Arabia's...

Ambani’s Reliance ditches $15 bn Saudi Aramco deal

India's Reliance oil-to-telecoms giant is abandoning a $15 billion deal for Saudi Aramco to buy a 20 percent stake in its oil refining and...

Saudi Aramco beats analysts’ forecasts!

Saudi Aramco beat analysts' forecasts on Tuesday with a 30% rise in first-quarter net profit and maintained its dividend payout, helped by strong oil prices

Saudi Arabia in talks to sell 1% of Aramco, says crown prince

"There are talks now for the acquisition of a 1% stake by a leading global energy company in an important deal that would boost Aramco's sales in ... a major country"

Saudi Aramco’s CEO speaks up about private partnership initiative

The new programme is part of efforts to mobilise private investment in the world’s biggest oil exporter, helping the kingdom diversify away from crude sales that still generate more than half the state’s income

Houthis attack Saudi oil heartland with drones, missiles

Shrapnel from a ballistic missile fell near a residential compound in Dhahran used by state-controlled Saudi Aramco, the world’s biggest oil company

Aramco will launch further share sales, says Saudi crown prince

He was speaking at the kingdom’s Future Investment Initiative conference

Saudi Aramco may sell more shares if market is right: PIF

The Saudi government sold more than 1.7% of Aramco in a 2019 initial public offering that raised a record $29.4 billion, triggering more IPOs in the kingdom

Aramco to bring Google Cloud services to Saudi Arabia

The collaboration taps into rapidly expanding demand for cloud services in Saudi Arabia
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