Aramco | Egypt Oil & Gas - Part 9
Saudi Aramco Eyes Raising $17 B from Gas Pipeline Selling
Saudi Aramco aims to raise at least $17 billion from selling a significant minority stake in its gas pipelines, with over $12.4 billion raised from Aramco’s oil pipeline deal, Reuters reported. Aramco approached...
Aramco’s Net Income Rises 288% YoY in Q2 2021
Saudi Oil Company (Aramco)’s net income increased by 288% in Q2 2021, reaching $25.5 billion, compared to $6.6 billion recorded in the same quarter of 2020, the company said in a statement. The company’s n...
Aramco Completes Share Sale Agreement Worth $12.4b
Aramco has announced the completion of a share sale and purchase agreement (SP) with consortium, including EIG and Mubadala, who acquired a stake of 49% in Aramco Oil Pipelines company, a subsidiary of Aramco, for $12... Saudi Aramco Shuts its Subsidiary in Azerbaijan
Saudi Aramco has announced the liquidation of its subsidiary in Azerbaijan, Aramco Overseas Company Azerbaijan without indicating causes of closure, according to NeftegazRU. Aramco Overseas Company Azerbaijan was esta...
Aramco launches Report on Cyber Resilience in the Oil, Gas Industry
Aramco has launched a co-lead report on cyber resilience in the oil and gas industry with Siemens Energy, and the World Economic Forum (WEF). The report sets a framework for boards and business leaders to assess cyber...
Saudi to Export Full June Volumes of Crude to Asian Refiners
Kingdom of Saudi Arabia intends to supply full volumes of crude oil to most Asian refineries in June, in a step followed the OPEC members decision to ease supply cuts to buyers in May Reuters reported, citing people ... Aramco Hits a Leap of 30% in Income in Q1 2021
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, a press release issued by Ara... Saudi Arabia in Discussions to Sell 1% Stake in Aramco
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. According to the Crown Prince, Aramco, the world’s biggest oil...
