Saudi Aramco | Egypt Oil & Gas - Part 3
Aramco Achieves Net Income Worth $110B in 2021
Saudi Arabia’s Aramco announced that it has achieved a jump in its net income which more than doubled year-on-year (YoY) by 124% to $110 billion in 2021 compared to $49 billion in 2020, the company declared in a...
Aramco, Korean Entities Sign Ten Agreements at Saudi-Korean Investment Forum
Saudi Arabian oil company Aramco announced that it has signed an agreement in addition to nine other memoranda of understanding (MoUs) with major Korean entities aiming to optimize its downstream strategy and develop ...
El Molla Takes Part in ADIPEC Awards Ceremony
As a member of the High-Level Jury Panel, the Minister of Petroleum and Mineral Resources Tarek El Molla has participated in the delivery of ADIPEC conference 2021 awards, a press release issued by the ministry announ...
Saudi Aramco Endeavors to Offer More Deals to Investors
Saudi Aramco’s CEO, Amin Naseer , said that his company seeks to offer more potential deals to investors and unlock its capital, Reuters reported. This announcement came after the closure of a $12.4 billion deal...
Saudi Aramco to Sell More Assets
Saudi Aramco is aiming to sell more of it business assets in order to provide a US dollar liquidity, according to Economic Times. Saudi Arabia started the stocktaking of its assets in 2020. In April 2021, it raised $1...
Saudi Arabia Intends 1 mmbbl/d Reduction in Domestic Hydrocarbons Consumption
Saudi Arabia Energy Minister, Prince Abdulaziz bin Salman has recently announced that the kingdom targets slashing consumption of domestic liquid hydrocarbons by one million barrels per day (mmbbl/d) to be better used...
Aramco Announces Four Oil, Gas Discoveries
Saudi Aramco has made four new oil and gas discoveries in the Kingdom, Prince Abdulaziz bin Salman bin Abdulaziz, Minister of Energy, stated. The company’s first discovery was of non-conventional oil in Al-Reesh oil f...
Aramco, Baker Hughes New JV to Develop Non-Metallic Products
Saudi Aramco and Baker Hughes have formed a 50/50 joint venture (JV), Novel Non-Metallic Solutions Manufacturing (Novel), to develop a broad range of non-metallic products for multiple applications in the energy secto...
