SUSTG.com / Research

Discover stories, topics, and more about Saudi Arebia faster.

Recent stories from sustg

MUST-READS

  • BlackRock-led investors in Aramco pipelines start bond sale

    Investors in Saudi Aramco's gas pipeline network, led by BlackRock Inc (BLK.N), have begun a sale of dollar bonds in three tranches to refinance a multi-billion dollar loan that backed their stake purchase, a bank document showed. The BlackRock-led investors, along with Saudi state-backed Hassana Investment Co., agreed to a $15.5 billion lease-and-leaseback agreement with Aramco in late 2021, which gives the investors a 49% stake in Aramco Gas Pipelines Co.

  • Hong Kong Vies for Blockbuster Aramco Listing as Saudi Ties Deepen

    John Lee, Hong Kong’s chief executive, led a large delegation of government officials, bankers and other executives to Saudi Arabia this week, part of a wider tour of the Middle East. Mr. Lee told Amin Nasser, chief executive of oil giant Aramco, that Hong Kong’s stock exchange would welcome a secondary listing by the company. A deal could be valued at tens of billions of dollars, according to some bankers’ estimates.

  • BlackRock-led investors in Aramco pipelines get ratings ahead of debt sales

    Ratings agencies have assigned grades to the planned debt sale by investors in Saudi Aramco's gas pipelines network, led by BlackRock Inc (BLK.N), looking to refinance a multi-billion dollar loan that backed their stake purchase. The refinancing will be done by issuing amortising bonds and sukuk, or Islamic bonds, ratings agencies said. The consortium, which includes state-backed Hassana Investment Co., agreed to a $15.5 billion lease-and-leaseback agreement with Aramco in late 2021, which gives the investors a 49% stake in Aramco Gas Pipelines Co.

  • Saudi Aramco to build Zoom’s first global data center in Saudi Arabia

    Saudi Aramco will be partnering with Zoom Global to build its first global data center in Saudi Arabia as part of the Kingdom’s efforts to support the digital transformation ecosystem, the oil company announced on Monday. Aramco’s new strategic partnership with Zoom is set to explore the joint development of innovative technology solutions for the energy sector and contribute to the digital transformation of various market sectors, such as energy, industry, education, and healthcare, the Saudi Press Agency (SPA) reported.

  • Saudi Aramco backs Brooklyn-based startup turning ammonia into fuel

    The heavy duty trucking industry alone accounts for almost a quarter of all greenhouse gas emissions from transportation. Emissions from shipping increased nearly 10% from 2012 to 2018, according to the International Maritime Organization. Ships release nearly 1 billion metric tons of carbon dioxide each year, which is about equal to the annual carbon outputs of Texas and California combined.

  • Saudi Aramco signs agreements worth $7.2bn at iktva Forum

    The energy giant inked over 100 agreements and memorandums of understanding on the first day of the event, which runs until Feb. 2 and is held under the theme “Accelerating Future Success.” During the event, Aramco signed a strategic partnership agreement with Zoom, as well as struck a deal with Taulia Inc. to implement supplier financing solutions.

  • Technip Energies wins key Saudi Aramco refinery upgrade contract

    Technip Energies, a leading engineering and technology company for energy transition, said it has been awarded a major contract by Saudi oil giant Aramco for the upgradation of sulphur recovery facilities at its refinery in capital Riyadh. The scope of work includes implementation of three new tail gas treatment (TGT) units as well as help boost the performance of existing three sulphur recovery units (SRU) mainly to comply with more stringent regulations for sulphur dioxide emissions, with recovery efficiency at more than 99.9%, said a statement from Technip Energies.

  • Saudi Aramco Sees Oil Demand Picking Up on China, Aviation Recovery

    “We are very optimistic in terms of demand coming back to the market,” Saudi Aramco’s chief executive officer, Amin Nasser, said in an interview. “We are starting to see good signs coming out of China. Hopefully, in the next couple of months we’ll see more of a pickup in the economy there.” Demand for jet fuel is now around 1 million barrels a day below pre-pandemic levels, according to Nasser, roughly half the figure from a year ago. “It’s picking up,” he said at the World Economic Forum in Davos.

  • Saudi Aramco Sees Oil Demand Picking Up on China, Aviation Recovery

    The world’s biggest oil company is confident demand will grow strongly this year as China reopens its economy and the aviation market recovers. “We are very optimistic in terms of demand coming back to the market,” Saudi Aramco’s chief executive officer, Amin Nasser, said in an interview. “We are starting to see good signs coming out of China. Hopefully, in the next couple of months we’ll see more of a pickup in the economy there.”

  • Saudi Aramco Acquires Trading Arm of US Refiner Motiva

    It also set up a new entity, Houston-based Aramco Trading Americas LLC, which will be the regional hub for the Saudi company’s trading arm, it said in a statement. ATA will be the sole supplier and offtaker for Motiva, which owns the biggest refinery in the US, the 630,000 barrel-a-day Port Arthur plant.