Saudi Aramco Archives - Ibe Kachikwu

29th January 2022

Energy Transition “Is Not Going Smoothly” – Saudi’s Aramco CEO

The energy transition “is not going smoothly,” the Chief Executive of Saudi Aramco, Amin Nasser, said on Thursday, calling for continued investment in oil and gas until low-carbon energy could...

13th January 2022

Saudi Arabia’s Aramco Buys Stake in a Polish Refinery

Saudi Arabia has purchased a share in a Polish refinery to boost its downstream presence and crude consumers in Eastern Europe. Aramco has agreed to buy a 30% investment in...

8th December 2021

Saudi’s Aramco Agrees $15.5 Billion Gas Pipeline Deal with BlackRock and Hassana Investment Company

Aramco has agreed to a $15.5 billion lease and leaseback transaction with a consortium led by BlackRock Real Assets and Hassana Investment Company, the investment management arm of Saudi Arabia's...

2nd December 2021

Global Oil Market Overreacted to News of Omicron Last Week – Aramco’s CEO

According to Saudi-owned Al Arabiya TV, Amin Nasser, the CEO of the world's largest oil company and largest oil exporter, the global market overreacted to the new Omicron COVID variation...

24th November 2021

Saudi’s Aramco and India’s Reliance Abandon $15 Billion Oil Deal

Due to the Indian oil conglomerate's shifting priorities, Saudi Aramco and Reliance Industries have cancelled plans for the Saudi oil giant to invest $15 billion in buying 20% of Reliance's...

25th October 2021

Aramco Aims to Achieve Net Zero by 2050 – CEO; Saudi to Achieve Net Zero by 2060 – Crown Prince

Amin Nasser, President and CEO of Saudi Arabia's Aramco, said at the Saudi Green Initiative (SGI) Forum on Saturday that the company's goal is to reach net zero emissions by...

7th October 2021

Saudi Arabia Reduces Oil Prices for Buyers After OPEC+ Meeting and Latest Rally

According to Bloomberg, Saudi Arabia's Aramco has reduced its official crude oil selling price for Asian clients in response to the recent price increase, which was fuelled by OPEC+'s decision...

23rd March 2021

Saudi’s Aramco Reports 44% Slide in its Net Profit for 2020

In a statement to the Tadawul Stock Exchange, where the Company shares trade, the world's largest oil-exporting company, Saudi Aramco, has reported a 44% slide in net profit for 2020...