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  • Fragmenting Foreign Direct Investment Hits Emerging Economies Hardest

    As geopolitical tensions rise, companies and policymakers are increasingly looking at strategies to make supply chains more resilient by moving production home or to trusted countries. The US Treasury Secretary argued in April 2022 that firms should move towards the friend-shoring of supply chains. More recently, the European Commission proposed the Net Zero Industry Act to counter the subsidies in the US Inflation Reduction Act. And China aims to replace imported technology with local alternatives to depend less on geopolitical rivals.

  • Saudi Arabia Suffers 60% Fall In Inward Investment In Past Year

    Total inward investment into the kingdom last year was $7.9 billion, according to data released by the Saudi Central Bank (Sama) in late February. Although it was the second highest annual figure since 2016, it was far below the $19.3 billion recorded in 2021. That 2021 figure was the highest point in more than a decade and was largely due to a $12.4 billion deal by local oil giant Saudi Aramco to sell a large minority stake in its Aramco Oil Pipelines Company subsidiary.

  • Investments in Saudi logistics sector touch $559m, says Modon official  

    Saudi Arabia’s logistics sector has seen unprecedented growth in recent years, with the volume of investment currently reaching SR2.1 billion ($559 million), revealed a top official. The investment was facilitated by as many as 208 logistical contracts and leased areas measuring to 3.2 million sq. m, under the Saudi Authority for Industrial Cities and Technology Zones, said Abdul Rahman Al-Askar, the director of its industrial production unit.

  • Saudi’s Public Investment Fund manages $650bln in assets

    From $150 billion of assets in 2015, Public Investment Fund (PIF) now manage around $650 billion of assets, the fund governor said. Yasir Al-Rumayyan said the fund wants to increase the value of its assets to $1 trillion in 2025 and between $2-3 trillion by 2030. He made these remarks during the Global PRIORITY Summit, organized by the Future Investment Initiative (FII) Institute and launched on Thursday in Miami with the participation of around 80 leading figures from all over the world to discuss the major priorities of all segments of society during the current global circumstances.

  • Latest Saudi Aramco’s Oil Investments in China Strengthen Its Market Position

    The $3.6 billion investment to take a 10% stake in private processor Rongsheng Petrochemical Co. is a watershed moment for China’s independent refining sector, a loose grouping crew of companies that range from sophisticated refineries rivaling state-owned Sinopec and PetroChina, to smaller companies frequently tangled in tax and legal battles.

  • IRENA chief says $35trn of investment needed to fuel energy transition

    “The emphasis must shift from supply to demand, toward overcoming the structural obstacles impeding progress. IRENA’s Preview outlines three priority pillars of the energy transition, the physical infrastructure, policy and regulatory enablers and well-skilled workforce, requiring significant investment and new ways of co-operation in which all actors can engage in the transition and play an optimal role.”

  • Saudi Aramco boosts China investment in two refinery deals

    Aramco said on Monday it had agreed to acquire a 10% stake in privately controlled Rongsheng Petrochemical Co Ltd (002493.SZ) for about $3.6 billion. The deal includes the supply of 480,000 bpd of crude oil to Rongsheng-controlled Zhejiang Petrochemical Corp (ZPC) for 20 years, Aramco added. It follows a preliminary agreement Aramco reached with the Zhejiang provincial government in 2018 for a 9% stake in ZPC.

  • Offshore is back: More than $200 billion of greenfield investments expected by 2025

    The offshore oil and gas (O&G) sector is set for the highest growth in a decade in the next two years, with $214 billion of new project investments lined up. Rystad Energy research shows that annual greenfield capital expenditure (capex) broke the $100 billion threshold in 2022 and will break it again in 2023 – the first breach for two straight years since 2012 and 2013.

  • Saudi Aramco boosts China investment in two refinery deals

    Aramco said on Monday it had agreed to acquire a 10% stake in privately controlled Rongsheng Petrochemical Co Ltd (002493.SZ) for about $3.6 billion. The deal includes the supply of 480,000 bpd of crude oil to Rongsheng-controlled Zhejiang Petrochemical Corp (ZPC) for 20 years, Aramco added. It follows a preliminary agreement Aramco reached with the Zhejiang provincial government in 2018 for a 9% stake in ZPC.

  • Saudi Aramco boosts China investment in two refinery deals

    Saudi Aramco (2222.SE) raised its multi-billion dollar investment in China by finalising and upgrading a planned joint venture in northeast China and acquiring an expanded stake in a privately controlled petrochemical group. The two deals, announced separately on Sunday and Monday, would see Aramco supplying the two Chinese companies with a combined 690,000 barrels a day of crude oil, bolstering its rank as China's top provider of the commodity.