The energy industry needs to be part of the discussion and the solution, Amin Nasser says
The energy transition needs policy makers and regulators to come together with the energy industry in order for it to be successful, the CEO of Saudi Aramco said. “We need to have a better dialogue where we are part of the discussion and the solution. We’ve seen what happened in Glasgow… we were kept away […]
The transfer of shares also support the PIF’s plan to grow its assets under management to $1.07 trillion by the end of 2025
Saudi Arabia has transferred 4% of Saudi Aramco shares to its sovereign wealth fund – Public Investment Fund (PIF) – according to a statement. In line with Aramco’s market capitalisation, a 4% stake would mean shares worth about $80 billion. Prince Mohammed bin Salman, Saudi Arabia’s Crown Prince, Deputy Prime Minister, Chairman of the Council […]
The agreement focuses on developing Emerson and Aramco’s partnership in advancing localisation efforts in Saudi Arabia.
Emerson signed a memorandum of understanding with Saudi energy giant Aramco at the IKTVA 2022 Forum & Exhibition, the firm said on Thursday. The agreement focuses on developing Emerson and Aramco’s partnership in advancing localisation efforts in Saudi Arabia. “We are grateful for the continued partnership with Saudi Aramco in supporting critical national initiatives such […]
If all parties agree to pursue a petrochemical project they will enter into a separate project joint development agreement
Saudi Arabia-based petrochemical firm SABIC announced it had signed a memorandum of understanding with energy giant Aramco and Polish energy group PKN Orlen for the exploration of potential petrochemical growth or expansion projects in Poland and Central and Eastern Europe. According to a statement, the agreement will help enable the study of several potential collaboration […]
The announcement comes as Aramco pursues several business digitalisation programmes
Saudi Arabian energy giant Aramco and Saudi-based Advanced Electronic Company (AEC) announced late last week that they had signed a memorandum of understanding (MoU) to help promote the localisation of digital businesses in the Kingdom. AEC, a Saudi Arabian Military Industries (SAMI) company, and Aramco said that the MoU would support efforts to enable the […]
Construction on the site is set to be completed by Q2 2023
King Salman Energy Park (SPARK) in Saudi Arabia announced that Aramco and Horizon Project Company broke ground on a 277,000 square metre drilling and workover site on Wednesday. Construction on the site is set to be completed by Q2 2023. “This is another significant venture by Aramco that will contribute to business continuity. We expect […]
Construction is due to start on the facility imminently, with production expected to begin by Q3 2022
Saudi Arabian energy giant Aramco and Indian conglomerate Larsen & Toubro (L&T) announced Tuesday that the two firms would work to develop manufacturing capabilities in the Kingdom. The two companies signed a Memorandum of Understanding outlining how the collaboration would take place, with L&T’s efforts to establish the region’s first Heavy Wall Pressure Vessels facility […]
Saudi Arabia, the world’s largest oil exporter, announced Sunday it would raise the price of crude oil by 80 cents up in January from the previous month.
Oil prices were up Monday to over $71 a barrel following an announcement that Saudi Arabia would increase the price of crude, signalling confidence in demand despite the spread of the omicron variant of Covid-19. Brent crude gained 2.1 percent to $71.35 per barrel, while West Texas Intermediate increased 2.35 percent to $67.82 per barrel […]
The agreements were signed at an event held in Jeddah.
Saudi Arabian energy giant Aramco announced Saturday that it had signed five agreements with French companies on a variety of projects. The agreements included an announcement between Aramco and French renewable energy technology firm Gaussin to establish a modern manufacturing facility in Saudi Arabia focused on on-road and off-road hydrogen powered vehicles. In a statement, […]
