Saudi Aramco
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Posted On NewsAramco buys 50% of local blue hydrogen producer
Saudi Aramco has purchased a 50 percent stake in a low-carbon hydrogen production plant in Jubail, a city on the Gulf, owned by a unit of…
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Posted On NewsAramco launches its first carbon capture facility
Saudi Aramco has launched its first facility to remove carbon dioxide (CO2) from the air in a joint venture with Siemens. This is the company’s first…
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Posted On NewsS&P raises Saudi Arabia’s rating amid ongoing reforms
S&P Global Ratings has upgraded Saudi Arabia’s rating to “A+” from “A” with a stable outlook, citing socioeconomic and capital market reforms. Strong non-oil growth…
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Posted On NewsChinese demand for Saudi crude to drop 13% in April
Shipments of crude oil by Saudi Arabian to its biggest customer, China, are expected to drop in April to their lowest in more than a…
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Posted On NewsAramco slashes blue ammonia output to reduce costs
Saudi Aramco has scaled down its low carbon ammonia production target by 80 percent because of high costs and low demand. The company has adjusted its…
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Posted On NewsAramco-owned Sabic turns $400m profit in 2024
Saudi Basic Industries Corporation (Sabic), which is 70 percent owned by state oil company Saudi Aramco, turned a profit last year after losing money in 2023.…
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Posted On NewsJPMorgan expects no special Aramco dividend in 2025
Saudi Aramco is forecast to have no performance-linked dividend this year after a more balanced 2024 cash cycle followed earlier bumper results that backed the special…
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Posted On NewsSaudi Aramco re-enters Philippines after 17 years
Saudi Aramco, which trades on the Saudi Exchange (Tadawul), will acquire a 25 percent stake in the third-largest petroleum company in the Philippines, as part…
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Posted On NewsAbu Dhabi’s Modon plans to buy UK events company
Modon Holding has announced plans to acquire a global events company. Modon, an investment company that is backed by state-owned Abu Dhabi Developmental Holding Company (ADQ), announced…
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Posted On NewsAramco raises prices as demand from Asia grows
Saudi Aramco, the world’s leading oil exporter, has sharply increased crude prices for March shipments to buyers in Asia. Demand from China and India is…
Liyana Parker
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