Aramco Finalizes $11 Bn Jafurah Gas Deal, Signs AI Partnership with PIF

• Wednesday, 29th October 2025
• by Fatma Ahmed

Saudi Aramco, one of the world’s leading integrated energy companies, has completed a $11 billion lease and leaseback agreement for its Jafurah gas processing facilities. It also agreed on buying a minority stake in a...

Egypt, Palestine to Develop Gaza Gas Field

• Tuesday, 23rd February 2021
• by Editorial Team

Egypt and Palestine signed a memorandum of understanding (MoU) between the partners of the Gaza gas field; the Palestine Investment Fund (PIF), the Consolidated Contractors Company (CCC), and the Egyptian Natural Gas ...

Aramco to Sell More Shares to Reinforce State’s Sovereign Wealth Fund

• Sunday, 31st January 2021
• by Fatma Ahmed

Saudi Crown Prince Mohamed bin Salman announced that the state-owned Aramco Company will sell more shares as apart of its plan to reinforce the Kingdom’s Sovereign Wealth Fund. This came during his speech at the Futur...

Saudi Arabia Names New Aramco Chairman

• Tuesday, 3rd September 2019
• by Editorial Team

The Governor of the Saudi Public Investment Fund (PIF), Yasir Al-Rumayyan, has been appointed as the new Chairman of Saudi Aramco. Al-Rumayyan replaces the Saudi Minister of Energy, Khalid Al-Falih, who congratulated ...

Saudi PIF Acquires 40% Stake in Aramco-Jacobs JV

• Wednesday, 17th July 2019
• by Editorial Team

Saudi Arabia’s Public Investment Fund (PIF) has bought a 40% stake in Jasara Program Management Company, a joint venture between Saudi Aramco and Jacobs Engineering Group, Bloomberg reported. PIF acquired 30% of Jasar...

Aramco Considers Cooperation with Lukoil in Uzbekistan

• Tuesday, 16th July 2019
• by Editorial Team

Saudi Aramco and Russia’s Lukoil are considering a partnership for two natural gas projects in Uzbekistan, Reuters reported. This partnership would come in line with a protocol that was signed by Saudi Arabi and Russi...