Saudi Aramco CEO calls energy transition strategy a failure HOUSTON: Pointing to the still paltry share of renewable energy in global supply, the head of Saudi Aramco described... Published 25 Mar, 2024 05:47am
Markets Aramco sees China demand growing, eyes more investments DUBAI: Saudi Aramco Chief Executive Amin Nasser said on Sunday the oil giant was looking at further opportunities to... Published 11 Mar, 2024 04:45am
Markets Egypt bourse hits record high after IMF deal, Aramco lifts Saudi DUBAI: Egyptian stocks closed at a record high on Sunday to lead Middle Eastern bourses, extending a rally set off ... Published 11 Mar, 2024 04:45am
Markets Saudi Aramco boosts dividend despite drop in 2023 profit DUBAI: Saudi Arabia’s state-owned oil giant Aramco said on Sunday it boosted its dividends last year despite net... Updated 10 Mar, 2024 07:03pm
World Saudi Arabia doubles sovereign fund’s stake in Aramco RIYADH: Saudi Arabia transferred an 8% stake in Aramco to the country’s Public Investment Fund, as the kingdom... Published 08 Mar, 2024 03:14am
World Saudi Aramco signs supply agreements worth $6 billion Saudi state oil company Aramco has signed procurement agreements worth $6 billion with local vendors, widening its... Updated 28 Feb, 2024 12:16am
Markets Saudi bourse eases on profit-taking DUBAI: Saudi Arabia’s stock market eased on Sunday as investors booked profits following recent gains, while the... Published 26 Feb, 2024 05:07am
Markets At Saudi Aramco's Jafurah field, another 15 trillion standard cubic feet of gas reserves proven CAIRO: An additional 15 trillion standard cubic feet of gas have been proven at Saudi state oil company Aramco’s... Updated 25 Feb, 2024 08:27pm
Print Aramco refinery likely to be included in CPEC framework ISLAMABAD: The government is likely to include $10 billion Saudi Aramco refinery project in framework of China... Updated 16 Feb, 2024 10:02am
Markets Saudi Aramco starts trading US crude that helps set Brent oil benchmark LONDON: Saudi state oil company Aramco has started trading a US crude oil grade that underpins the global Brent... Published 13 Feb, 2024 06:06pm
Markets Energy transition spurred Saudi halt to oil expansion: official RIYADH: Saudi Arabia’s surprise decision to halt a planned expansion of its oil production capacity reflects... Published 13 Feb, 2024 05:59am
Business & Finance KSA to hire Goldman, Citi, HSBC for Aramco share sale RIYADH: Saudi Arabia is set to hire Citigroup Inc, Goldman Sachs Group Inc and HSBC Holdings Plc for a secondary... Updated 09 Feb, 2024 09:42am
Markets Saudi Arabia mulls reviving Aramco share sale: Bloomberg Saudi Arabia is considering reviving plans for a follow-on share offering in state oil company Saudi Aramco to raise... Published 31 Jan, 2024 07:37pm
Markets Aramco halts plan to raise production capacity RIYADH: Saudi Arabia has ordered energy giant Aramco to maintain its oil production capacity at 12 million barrels... Published 31 Jan, 2024 05:22am
Business & Finance Saudi’s SABIC gives go-ahead for $6.4bn China petrochemical plant BEIJING: Saudi Basic Industries Corp (SABIC) will go ahead with building a petrochemical complex in southeastern... Published 23 Jan, 2024 05:14am
Markets Aramco CEO predicts tighter oil markets, sees Red Sea risks DAVOS: Global oil markets will cope with Red Sea disruptions in the short run, although prolonged attacks by the... Published 17 Jan, 2024 06:22pm
Business & Finance Saudi Arabian companies warn Aramco fuel price hike may curb earnings DUBAI: Scores of Saudi Arabian companies said their earnings could be dampened this year as production costs will... Published 08 Jan, 2024 05:23am
Business & Finance Aramco to acquire 40pc stake in GO Pakistan KARACHI: Aramco, one of the world’s leading integrated energy and chemicals companies, has signed definitive... Published 13 Dec, 2023 05:33am
Markets Aramco chief says renewables still not enough to cover demand DUBAI: Saudi oil giant Aramco’s Chief Executive on Monday told a panel on the sidelines of the COP28 climate summit... Published 04 Dec, 2023 06:39pm
Markets Ministry of Energy rebuffs ‘uncertainty’ around Saudi Aramco refinery project The Ministry of Energy has denied media reports suggesting that Pakistan’s multi-billion dollar refinery project... Updated 21 Nov, 2023 09:30pm
Markets Saudi announces new gas discoveries in Empty Quarter, Eastern Province RIYADH: Saudi Aramco has discovered two new natural gas fields in the Empty Quarter region, the state news agency... Published 20 Nov, 2023 06:28am
Business & Finance Saudi Aramco net profit drops broadly as expected DUBAI: Saudi Aramco on Tuesday reported a 23% fall in third-quarter net profit on the back of lower oil prices and... Published 13 Nov, 2023 06:31am
Markets South Korea’s KNOC signs 5.3mn barrel oil storage deal with Saudi’s Aramco SEOUL: South Korea’s state-run Korea National Oil Corp (KNOC) said on Monday that it has signed an oil storage... Published 23 Oct, 2023 10:48am
Markets KSA can lift oil production within weeks: Aramco CEO LONDON: Saudi Aramco is able to ramp up oil production within weeks as global consumption is set to rise to a fresh... Published 18 Oct, 2023 06:09am
Markets Gulf bourses drop as Mideast conflict rages RIYADH: Most stock markets in the Gulf fell on Sunday amid worries that the escalating war between Palestinian group... Published 16 Oct, 2023 05:47am
Markets Saudi Aramco exploring potential bid for Shell’s Pakistan unit: report Saudi Aramco is exploring a potential bid for Shell Plc’s assets in Pakistan, reported Bloomberg, citing people... Published 14 Oct, 2023 12:00am
Markets India wants Saudi Aramco to develop strategic petroleum reserve as ties strengthen NEW DELHI: India wants Saudi Arabia’s Aramco to participate in its planned 6.5 million metric tons (MMT) strategic... Published 11 Oct, 2023 03:28pm
Markets Aramco to supply full oil volumes to N.Asia refiners in Nov RIYADH: Saudi Aramco has notified at least four North Asian buyers that it will supply full contractual volumes of... Published 11 Oct, 2023 03:10am
Business & Finance Aramco announces first global LNG deal RIYADH: Saudi Arabia’s oil group Aramco said on Thursday it had agreed to acquire a strategic minority stake in... Published 29 Sep, 2023 06:24am
Markets Oil giant Saudi Aramco announces first global LNG deal RIYADH: Saudi Aramco on Thursday announced its first global investment in liquefied natural gas, part of a broader... Published 28 Sep, 2023 04:51pm