Hitting a total of $21.7 billion in Q1 2021, Saudi Aramco recorded a 30% net income increase year-on-year (YoY) compared to Q1 2020 when the company witnessed net income of $16.7 billion.

Crown Prince Mohammed bin Salman stated that Saudi Arabia is in discussions to sell 1% of Aramco to a leading global energy company, according to Reuters.

Mubadala Investment Company announced that it is going into negotiations with the U.S. investor EIG Global Energy Partners LLC, which is the lead member in the consortium that will invest in Saudi Aramco’s Oil Pipelines.

Aramco signed infrastructure investment agreement with a consortium led by EIG Global Energy Partners (EIG) through a lease-and-lease-back agreement including Aramco’s stabilized crude oil pipeline network with about $12.4 billion, according to Aramco’s press release.

Saudi Arabia’s Aramco achieved an average production of hydrocarbon of 12.4 million barrels per day of oil equivalent (mmbbloe/d) in 2020, of which 9.2 million barrels per day (mmbbl/d) were of crude oil.

Saudi Arabia Ruler, Prince Mohamed bin Salman, announce, that the state-owned Aramco Company will sell more shares as apart of its plan to reinforce the kingdom’s Sovereign Wealth Fund.

The companies of Aramco and stc announced the launch of a new supercomputer under the name of Dammam 7 which is one of the top ten most powerful computers in the world

Saudi Aramco is seeking to a loan costs $7.5 billion for potential investors in its oil pipelines.

Japan announced that it conducted a joint deal for oil storage with Kuwait Petroleum Corporation (KPC).

Aramco company announced that it has signed six memorandum of standings (MoUs) with companies of Shell, AMG Recycling BV, Suzhou XDM, Xinfoo, SUPCON and Posco to boost its flagship localization program.