SUSTG.com / Research

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

We can't find results matching your search.

Adjust your search and try again or browse topics and stories below.

Recent stories from sustg

MUST-READS

  • Aramco omits some carbon data in disclosures to investors – Bloomberg News

    Much of the omissions are because Aramco chooses to report data from facilities it wholly owns and ones located inside the kingdom, Bloomberg News said, while many of its refineries are joint ventures or located overseas.

  • Brookfield, KKR Said to Weigh Bids for Aramco Pipeline Stake

    Brookfield Asset Management Inc. and KKR & Co. are among top infrastructure investors weighing bids for a stake in Saudi Aramco’s oil pipelines, people familiar with the matter said. Apollo Global Management Inc. and China’s state-backed Silk Road Fund Co. have also been studying whether to make offers, the people said, asking not to be identified as the matter is private. The stake sale could fetch Aramco around $10 billion, the people said.

  • Aramco to do ‘heavy lifting’ in Saudi fiscal adjustment – BofA

    Saudi oil giant Aramco will likely need to transfer significant amounts of money to the Saudi government and the sovereign fund, Public Investment Fund (PIF), as Saudi Arabia puts its finances in order after the coronavirus slump, Bank of America said.

  • Saudi Aramco Seeks $7.5 Billion Loan for Pipeline Investors

    Saudi Aramco is lining up a loan of about $7.5 billion for potential investors in its oil pipelines, according to people familiar with the matter. The world’s biggest oil producer has begun talks with lenders to secure favorable terms for the funding package that would then be offered to investors, the people said, asking not to be identified as the information is private. The discussions are occurring in parallel with the sale of a stake in a pipeline unit, which could raise about $10 billion for Aramco, the people said.

  • Saudi Aramco announces alliance with SAP

    Aramco on Monday announced a strategic alliance with SAP Saudi Arabia to expand the digitalization of its Enterprise Resource Planning (ERP) systems. The agreement with will see the deployment of cloud-based services, embedded analytics, mobility, machine learning, artificial intelligence, advanced analytics and internet-of-Things solutions.

  • Google, Aramco partner for Saudi Arabia’s $10 billion cloud market

    Google will open a “cloud region” where it can provide its cloud services in Saudi Arabia via a joint venture with state-owned oil producer Saudi Aramco, as Covid-19 prompts a landmark acceleration in digital adoption across the Gulf. “The collaboration taps into rapidly expanding cloud services demand in Saudi Arabia, which is forecast to reach a market opportunity up to $10 billion by 2030,” Aramco said in a statement on Monday.

  • Is Saudi Aramco eyeing a step into Russia′s backyard?

    "This is not a great investment for Aramco in a purely business sense, with downstream profits falling and Asian rivals growing," Robert Tomaszewski at Polityka Insight, a Warsaw-based thinktank, told DW. "But it would give the company a new refining installation, and is open to the sea, opening up the Baltic and close to Germany's terminals at Schwedt and Iuna. The key, however, is that this is in Rosneft's backyard and that would be a game changer."

  • Google’s Aramco Deal Risks Irking Staff Over Oil, Politics

    Google will start selling its cloud-computing services in Saudi Arabia through a deal with oil producer Aramco, risking a backlash from staff who oppose doing business with the fossil fuel industry or regimes accused of human rights abuses.

  • Aramco to bring Google Cloud services to Saudi Arabia

    Aramco said Saudi Arabia is being added to the global network of Google Cloud Platform regions, as part of a strategic alliance agreement signed between the company and Google Cloud this month.

  • Aramco may have to sell assets, borrow more to maintain Saudi dividend

    For Yousef Husseini, equity analyst at EFG Hermes, it would make sense for Aramco to do some sale and leaseback-type agreements to improve liquidity. Aramco is working with Moelis & Co on such a strategy, two sources said. Moelis also declined to comment.