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  • Saudi Aramco retenders Jafurah cogeneration project

    The Jafurah gas development is part of Aramco’s $3.2bn unconventional resources programme, which aims to develop shale gas in three areas of the kingdom. In line with the Vision 2030 masterplan, Riyadh is aiming to ensure the kingdom remains self-sufficient in gas supply as demand for power continues to grow in the residential and industrial sectors.

  • Saudi Aramco’s Asian crude prices hike comes at risky time amid Chinese COVID resurgence

    Also, US varieties, such as Mars, which is of a comparable medium quality, are being offered at rates that are lower than last month, while Russia’s Urals is also becoming cheaper, according to traders who buy and sell those barrels, which could lead to Asian refiners to buy lower amounts of contracted volumes from Aramco.

  • Golf Saudi launches Mass Participation program at Aramco Team Series tournament in Spain

    Golf Saudi hosted leading female personalities from the Kingdom at the second Aramco Team Series tournament of the year in Sotogrande, Spain. The occasion was part of Golf Saudi’s Mass Participation program that aims to grow the game of golf and boost participation in Saudi Arabia and internationally.

  • Saudi Aramco exploring opportunities to export blue hydrogen, CEO says

    “Currently, blue hydrogen requires … ammonia as a transport medium. It requires a lot of carbon capture and sequestration. And we are doing a lot of work in terms of front-end engineering for carbon capture and sequestration," Amin Nasser told investors in a call on Monday.

  • Saudi Aramco scouting for more deals to offer to investors

    Saudi Aramco (2222.SE) is scouting for other potential deals to offer to investors and unlock capital, Chief Executive Amin Nasser said on Monday after the oil giant in June closed a $12.4 billion deal for its crude pipeline network. "We are looking at the potential for other deals that we are currently in negotiation (about)," Nasser said on a call with analysts.

  • Aramco Bucks Trend by Prioritizing Oil Output Over Dividends

    The company expects to spend $35 billion this year on capital expenditure. Some of that will be invested on increasing daily oil-production capacity to 13 million barrels from 12 million. “We are seeing good signs of a global recovery in energy demand,” Chief Executive Officer Amin Nasser said. “With less investment that we see from other producers globally, this creates an opportunity.”

  • Saudi Aramco posts near 300% leap in Q2 profit as oil demand recovers

    Aramco’s net income of $25.5 billion for the quarter compares to $6.6 billion in the same quarter of 2020. The result beat expectations, with analysts expecting a median net income of $24.7 billion for the quarter.

  • Saudi Aramco’s $75 Billion Dividend Isn’t Enough, Says BofA

    Saudi Aramco’s annual dividend of $75 billion is already the world’s biggest, but the oil producer may have to raise it to follow peers, according to Bank of America.

  • Saudi Aramco Denies Bitcoin Mining Initiative Reports

    The world’s third-largest company by market capitalization, Saudi Aramco, has reportedly denied any reports that it was going start bitcoin mining operations using gas flare energy. Refuting recent media reports, the Saudi oil giant has denied that it is venturing into the bitcoin mining business.

  • Fitch revises Saudi Aramco’s outlook to stable from negative

    In a new report published on Tuesday, the rating agency said that the revision of the outlook on Saudi Aramco's IDR is driven by a similar action on the sovereign early this month, while it assessed the oil giant's standalone credit Profile (SCP) at 'aa+'.