Saudi Aramco may raise oil prices for Asia
Saudi Arabia’s oil and gas company Saudi Aramco may raise oil prices for Asian buyers in August, according to a Bloomberg survey, Report informs. The majority of…
Saudi Arabia to supply full July crude oil volumes to buyers in Asia
Saudi Arabia, the world’s top crude oil exporter, will supply full volumes of July-loading crude to its Asian customers, Report informs, citing Reuters. OPEC+ agreed in April…
Saudi Arabia to increase prices for most grades of oil
Saudi Arabia will raise prices for most types of oil for Asian buyers in July, state-owned Saudi Aramco said. Report informs that the price of the…
Saudi Aramco increases net profit by 30%
In the first quarter of 2021, Saudi Aramco, one of the world’s largest oil companies, received a net profit of $21.7 billion, which is 30% more than in the…
Aramco maintains dividend, shrugs off 45% profit drop and rising debt
Saudi Aramco failed to generate enough cash to cover its dividend, yet left the payout unchanged at $18.75 billion for the third quarter even as…
Saudi Aramco Discusses $10 Billion Pipeline Sale
Saudi Arabia’s oil giant Aramco is in early talks to potentially structure a deal worth more than US$10 billion to sell a part of its…
Aramco Workers Head Back To The Office
Aramco’s staff, who have been working from home during the worst of the pandemic, have started returning to offices and work sites, Bloomberg reports, adding some…
Brent oil passes $43/bbl on climbing equity markets, Saudi price hikes
Oil rose in London to above $43 a barrel as Saudi Arabia hiked its official selling prices, and as global equity markets climbed. Brent gained…
Saudi Aramco inks strategic collaboration with Moscow State University
Saudi Aramco Upstream Technology Company (SAUTC), a Saudi Aramco company, has signed a memorandum of understanding (MoU) with Russia’s Lomonosov Moscow State University (MSU) to promote cooperation…
Igor Sechin holds working meeting with Khalid Al-Falih
The Chief Executive Officer of Rosneft Igor Sechin held a working meeting with Khalid Al-Falih, Minister of Energy, Industry and Mineral Resources of Saudi Arabia…
Saudi Aramco opens subsidiary in Azerbaijan
The State Oil Company of Saudi Arabia Saudi Aramco has opened a subsidiary company in Azerbaijan. The Ministry of Taxes of Azerbaijan registered ARAMCO Overseas…
PETRONAS, Saudi Aramco announce formation of their two new joint ventures in Malaysia
Petroliam Nasional Berhad (PETRONAS), the national oil company of Malaysia, and Saudi Aramco, the national oil company of Saudi Arabia, are pleased to announce the…
Saudi Aramco opens office in Baku
Representation of Saudi Arabia’s state oil company Saudi Aramco will be opened in Baku in the near future, the Azerbaijani Energy Ministry reports. This was…