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FOUND: 6 - What They Never Told You

Saudi's SABIC Signs Agreement to Study Feasibility of Investing in Polish Petrochemical Sector

Saudi petrochemical company SABIC has signed a joint development agreement with Saudi Aramco and PKN ORLEN, the largest energy group in Poland, to jointly assess the technical and economic feasibility of establishing a petrochemical production project in Gdańsk, Poland. Acting CEO of SABIC Eng.

Asharq Al-Awsat

Saudi Arabia Announces Discovery of Two New Unconventional Gas Fields

Saudi Energy Minister Prince Abdulaziz bin Salman bin Abdulaziz announced on Wednesday that Saudi Aramco has discovered two new unconventional natural gas fields in the eastern region, reported the Saudi Press Agency. Awtad unconventional gas field has been discovered southwest of Ghawar field, 142 km southwest of Al-Hofuf.

Asharq Al-Awsat

Aramco Completes Three Transactions with PKN ORLEN in Poland

Saudi Aramco, one of the world’s leading integrated energy and chemicals companies, successfully closed three landmark transactions with Polish refiner and fuel retailer PKN ORLEN, through its subsidiary Aramco Overseas Company BV, based in the Netherlands.

Asharq Al-Awsat

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Saudi Aramco's Luberef Set for IPO

Saudi Al-Ahli Tadawul announced a potential initial public offering (IPO) for one of Saudi Aramco's subsidiaries. Ahli Capital announced its capacity as the underwriting manager, financial advisor, institutional underwriting book manager, international coordinator, and underwriter of Citigroup Saudi Arabia, HSBC Saudi Arabia, and Morgan Stanley Saudi Arabia as the financial…

Asharq Al-Awsat

Saudi Arabia's new "green" agenda

The petrostate pitched a plan to cut carbon at COP27. And it’s covered in oil.

Salon

Aramco Signs 59 New Agreements under the Iktva Program

Saudi Aramco signed on Tuesday 59 corporate procurement agreements (CPAs) with 51 local and global manufacturers, with potential to create 5,000 new jobs in Saudi Arabia over the next decade.

Asharq Al-Awsat

Aramco to Pump $7 Bn to Develop World's Largest Petrochemical Crackers in S. Korea

Saudi Aramco announced it was planning to invest $7 billion in South Korea to develop one of the world's largest refinery-integrated petrochemical steam crackers, which will be established in Ulsan city. The "Shaheen" project is Aramco's most significant investment in South Korea to develop one of the largest steam crackers…

Asharq Al-Awsat

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Saudi Arabia has 'green vision' at COP27, critics unmoved

Saudi Arabia’s vision of an environmentally friendly future is on display just a short drive from the venue of the U.N. climate summit being held in Egypt

The Independent UK

The Kingdom Declares Saudi Green Initiative an Annual Event

Saudi Energy Minister Prince Abulaziz bin Salman announced on Friday that the Green Saudi Initiative forum would be an annual event in order to review the implementation of the Kingdom’s climate goals. “Crown Prince Mohammed bin Salman decided to hold the initiative annually; because we are confident in our steps,…

Asharq Al-Awsat

Oil and gas firms planning ‘frightening’ fossil fuels growth, report finds

Analysis released at Cop27 climate summit shows plans would thwart chances of keeping global heating to 1.5C

The Guardian - UK

Saudi Arabia Registers Jump in Foreign Direct Investment Inflows

Foreign direct investment flows recorded a growth of 46.5% during the second quarter of this year, compared to the same period of 2021, after excluding the Saudi Aramco deal amounting to 46.5 billion riyals ($12.4 billion). Last year, Aramco forged a pipeline infrastructure deal worth 46.5 billion riyals ($12.4 billion)…

Asharq Al-Awsat

Bumper profits raise pressure on oil majors

Saudi Aramco makes $42.5bn quarterly profits as BP steps up share buybacks

Financial Times

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 and volumes sold. The energy giant's net income totaled $42.4 billion -- up from $30.4 billion during the same period last year -- and was "primarily driven…

Asharq Al-Awsat

Oil giant Saudi Aramco has $42.4B profit in third quarter

Oil giant Saudi Aramco is reporting a $42.4 billion profit in the third quarter of this year, buoyed by higher global energy prices that have filled the kingdom’s coffers but helped fuel inflation worldwide

The Independent UK

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Bangkok Post

Petronas says assessing fire damage at Malaysian joint venture with Aramco

KUALA LUMPUR: Malaysian state energy firm Petronas said on Tuesday it was studying the damage to interconnecting pipes caused by a fire last week at its refinery and petrochemical joint venture with Saudi Aramco.

Asharq Al-Awsat

Saudi Arabia to Create Largest Venture Capital Fund Globally

Saudi Aramco announced on Wednesday the creation of a $1.5 billion sustainability fund to invest in technology to support a stable and comprehensive energy transition. This is considered one of the largest sustainability-focused venture capital funds globally. Aramco’s decision to start the fund aligns with Saudi efforts to reduce greenhouse…

Asharq Al-Awsat

Saudi Aramco Announces $1.5 Bln Sustainability Fund

Saudi Aramco announced on Wednesday the creation of a $1.5 billion Sustainability Fund to invest in technology that can support a stable and inclusive energy transition. It was unveiled at the sixth edition of the Future Investment Initiative (FII) and is among the largest sustainability-focused venture capital funds globally. Managed…

Daily Mirror

Brit oil boss reveals how he was JAILED in India after being caught with satellite phone

Fergus MacLeod, who works for the oil company Saudi Aramco, says he spent a week locked up in an Indian jail alongside some 'very serious' convicts after accidently breaching the country's strict rules.

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The Independent UK

British businessman jailed after ‘taking phone to Himalayan yoga retreat’

Oil executive spent one week in jail

Tribune News Service

Elon Musk says Tesla will be bigger than Apple. Analysts say not so fast

Elon Musk sees Tesla Inc. becoming bigger than the combined valuation of Apple Inc. and Saudi Aramco one day. Wall Street is saying, not so fast.

InsideEVs

Tesla Could Be Worth More Than Apple, Saudi Aramco Combined: Musk

Elon Musk says the path to reach a $4.4 trillion valuation will be very difficult and require incredible execution, massive amount of hard work and some luck.

Benzinga

Elon Musk Says Tesla Can Exceed Market-Cap Of 'Apple And Saudi Aramco Combined;' Addresses Buyback, Cheaper Model Outselling All Vehicles And More At Q3 Earnings Call

Tesla Inc.’s (NASDAQ: TSLA) third-quarter results fell short of topline expectations and the stock reacted with a move to the downside.

Asharq Al-Awsat

Aramco Establishes 2 Offshore Fabrication Yards in Collaboration with Int’l Partners

Saudi Aramco, in collaboration with international partners, is establishing two offshore fabrication yards that aim to deliver a more than 200 percent increase in Saudi Arabia’s offshore fabrication capacity, announced the company on Monday. The new yards are being constructed in Ras Al Khair in collaboration with National Petroleum Construction…

The Independent UK

Kwasi Kwarteng held undisclosed meetings with Saudi oil firms

Green MP Caroline Lucas urges chancellor to ‘come clean about dealings with Saudi oil giants’

The National (Scotland)

Documents reveal Kwasi Kwarteng's undisclosed meetings with Saudi Arabian oil firms

CHANCELLOR Kwasi Kwarteng held undisclosed meetings with senior executives of Saudi Arabian firms when he was business secretary, according to…

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