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Recent stories from sustg
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Saudi Crown Prince, Ambassador Reema meet with U.S. Congress Members in Saudi Arabia; Biden Officials in Kingdom to Plan Potential Visit
- May 25,2022
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman and Saudi Ambassador to the United States Princess Reema bint Bandar Al-Saud met with a delegation of visiting US Congress members on Tuesday in Saudi Arabia.
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MBZ takes the reins in the UAE, the PIF’s Saudi Coffee Co., and much more…
- May 20,2022
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- SUSTG Team
Episode 44 📈 The hosts talk about the UAE’s long-time de facto ruler Sheikh Mohamed bin Zayed Al Nahyan, who was elected as president of the UAE a day after the death of former leader Sheikh Khalifa. They also discuss Saudi Arabia’s Public Investment Fund’s (PIF) new venture into the nascent coffee sector in caffeine-thirsty […]
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With Energy Prices High, Saudi Aramco Again Becomes World’s Most Valuable Company
- May 12,2022
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- SUSTG Team
Elevated energy prices as a result of growing demand and supply shortages in the post-pandemic global economy boosted the value of Saudi Aramco to become the world’s most valuable company, according to reports.
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Kingdom Aims for 70 Million Tourist Visits This Year; Visits Soar in 1Q 2022
- May 10,2022
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- SUSTG Team
Visits to Saudi Arabia soared in the first quarter of this year as the Kingdom eyes ambitious growth in the previously nascent sector, targeting over 70 million tourist visits this year, Saudi Tourism Authority CEO Fahd Hamidaddin told Reuters in an interview.
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Eid Mubarak the SUSTG Team
- May 2,2022
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- SUSTG Team
The Saudi-US Trade Group (SUSTG) wishes all followers of Islam a blessed and joyous Eid-al-Fitr!
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Energy, hydrogen, and more with Phillip Cornell from The Economist Impact and the Atlantic Council and much more…
- April 8,2022
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- SUSTG Team
In Episode 34, The hosts welcome Phillip Cornell, senior fellow, Global Energy Center at the Atlantic Council, and Principal for Energy and Sustainability at the Economist Impact, and brings over 15 years of international experience in private and public sectors (World Bank, IEA, Aramco, NATO, Dow Jones) onto The 966 to talk about the global […]
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Ramadan 2022 Set to Begin with Crescent Moon Sighting in Saudi Arabia April 1-2
- March 31,2022
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- SUSTG Team
Ramadan 2022 is set to begin in Saudi Arabia upon the sighting of the crescent moon as soon as April 1, with authorities urging Saudis to keep a look out for the moon starting Friday night.
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The major transformation and overhaul of Saudi Arabia’s military with defense expert Bilal Saab and much more – The 966 Episode 32
- March 25,2022
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- SUSTG Team
Episode 32 of The 966 – the hosts welcome defense and security expert Bilal Saab to discuss the little-known but historically significant transformations underway in Saudi Arabia’s military and security institutions. The hosts also talk about the personal status law that will make a major real-life change for women and families in the Kingdom, a […]
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Saudi Arabia Invites China’s President Xi to Visit Kingdom
- March 15,2022
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- SUSTG Team
Saudi Arabia has invited Chinese President Xi Jinping to visit Riyadh as the Kingdom, people familiar with the plan told the Wall Street Journal. The visit could be President Xi’s first international trip since the beginning of the Covid-19 pandemic began.
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Secretary of State Blinken, Saudi FM Prince Faisal bin Farhan on Russia Invasion of Ukraine
- March 3,2022
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- SUSTG Team
Secretary of State Antony J. Blinken spoke on Wednesday with his counterpart in Saudi Arabia, Foreign Minister Prince Faisal bin Farhan Al Saud, about the Russian invasion of Ukraine, the State department said in a brief statement.
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MUST-READS
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Saudi Aramco-SABICSaudi Aramco to decide in first half on financing SABIC buy: CEO
"We have internal resources, then of course there are banks and the bond market, which we are evaluating at the moment," he added.
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RefiningS-Oil to supply $2.32 billion worth of oil products to Saudi Aramco’s trading arm
S-Oil Corp, South Korea’s third-biggest refiner, said on Tuesday that it has signed a contract to sell a total of 2.61 trillion won ($2.32 billion) worth of refined oil products to Saudi Aramco’s trading arm.
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SafaniyahSaudi Aramco halts oil output at the world’s largest offshore oilfield: report
"The thinking is that the field produces heavy crude, and the world is short of that [type of] oil." The unplanned shutdown takes out another 1 million barrels a day of heavy oil from the market
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Aramco-SABICSaudi Aramco appoints banks to lead debut bond sale ahead of Sabic deal
The state oil giant has picked a group of banks including JPMorgan, Morgan Stanley, Citi and HSBC, the source said, with JPMorgan and Morgan Stanley working as “joint global coordinators”.
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Saudi AramcoSaudi Aramco and Total invest in high-quality retail fuel network in Saudi Arabia
The 50:50 joint venture (JV) plans to invest around $1 billion over the next 6 years in the Saudi retail fuel market to provide motorists with premium fuels and retail services in Saudi Arabia.
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Saudi AramcoHere’s Why Saudi Aramco May Be Coming To An Oil Field Near You
Saudi Aramco is now planning to explore oil and gas resources outside of the Saudi Arabian kingdom. This is according to a recent interview given by the oil minister, Khalid al Falih, to Financial Times. Falih said that, “Going forward the world is going to be Saudi Aramco’s playground,” referring to the national oil company of Saudi Arabia. Al Falih was the CEO of Aramco from 2009 to 2015.
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Saudi AramcoSaudi Aramco venture capital arm invests in fitness app
Saudi Aramco’s venture capital arm, Wa’ed Ventures, has invested $1.5 million in Jeddah-based fitness start up GetMuv.
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Oil and GasSaudi Aramco will expand into international oil and gas exploration: FT
Aramco has historically stuck to producing Saudi Arabia's vast, low-cost oil reserves, the world's second largest. But Saudi Energy Minister Khalid al-Falih now confirms in an interview with the Financial Times that the company will look overseas for oil and natural gas prospects.
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PetrochemicalsDaelim joins Aramco and Total for Saudi Arabia’s first PIB plant
Saudi Arabia's first factory to produce polyisobutylene (PIB), a chemical with a wide array of industrial uses, is set to be built following an agreement between global industrial giants.
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Saudi AramcoAramco’s $1.6 Billion Korea Deal Deepens Asian Refining Ties
Saudi Arabian Oil Co. is taking a nearly 20 percent stake in South Korean oil refiner Hyundai Oilbank Co. for $1.6 billion, tightening the grip of the world’s top crude exporter on the biggest oil consuming region.
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