Company Insights Saudi Aramco Oil & Gas Saudi Aramco News Analysis Tech Gulf accelerates longevity push with AI and healthtech The Gulf is establishing itself at the forefront of the world’s fast-growing “longevity” sector. Saudi Arabia and the UAE in particular are making strides in the global race to prolong life, investing in health technologies that can predict medical risk and help develop medicines. They are investing in healthtech, building laboratories to support research and […] October 12, 2023 Energy Aramco in talks to buy 10% of Shandong Yulong refinery Saudi Aramco, the world’s largest oil producer, is discussing buying a 10 percent stake in China’s Shandong Yulong Petrochemical Company. Shandong Yulong is currently in the process of completing the construction of a refining and petrochemicals complex in eastern China’s Shandong province. The facility will process 400,000 barrels per day of crude oil and produce […] October 12, 2023 Exclusive Sustainability Saudi carbon credit firm to invest in Middle East and Africa Saudi Arabia’s Regional Voluntary Carbon Market Co plans to invest in carbon abatement projects in the Middle East, Africa and Southeast Asia, the CEO of the government-backed startup has told AGBI. Saudi’s Public Investment Fund (PIF) and Saudi Tadawul Group, owner of the kingdom’s stock market, last October launched RVCMC. PIF holds an 80 percent […] October 12, 2023 Finance Saudi Arabia to report budget deficits until 2026 Saudi Arabia, the world’s largest oil exporter, expects to report budgetary deficits each year until 2026, the kingdom’s finance ministry said. It added that GDP is likely to rebound after taking a hit this year from extended oil production cuts. The Arab world’s largest economy anticipates real GDP to grow by 0.03 percent in 2023, […] October 2, 2023 Oil & Gas Aramco invests $500m in LNG business MidOcean Saudi Arabia’s Aramco has made its first investment in the international liquefied natural gas (LNG) market with a $500 million investment in MidOcean Energy. The Saudi oil supermajor has acquired a minority stake in the company, which is the LNG unit of US-based energy investor EIG. The deal includes an option to increase the size […] September 28, 2023 Energy Aramco in talks to buy 10% stake in Chinese refiner Saudi Aramco has started talks with China’s privately owned Jiangsu Eastern Shenghong Company to acquire a 10 percent equity stake in the Chinese firm’s refiner and petrochemical subsidiary. Under the cooperation framework agreement, the world’s largest oil producing company intends to supply Jiangsu Shenghong Petrochemical Industry Group with crude oil and potentially other feedstocks. Aramco and […] September 28, 2023 Analysis Oil & Gas Gulf invests in major oil refinery upgrade programme Gulf states are expanding their oil refining capacity through a series of massive upgrades, at the same time as they drive towards net zero and seek to move away from petroleum and natural gas. The apparent contradiction is, however, only apparent. From Az-Zour in Kuwait to Duqm in Oman, the refinery upgrades are central to […] September 28, 2023 Development Saudi Arabia to begin preparing Vision 2040 Saudi Arabia is to begin working on the next phase of its economic diversification plan known as Vision 2030 and hopes to unveil its Vision 2040 as early as 2027, Crown Prince Mohammed bin Salman said in an interview this week. “Today we’re trying to close a few things, we’re aiming to close in the […] September 22, 2023 Finance PIF-backed Ades Holding’s order book hits $76bn Saudi oil and gas driller Ades Holding set the final price for its initial public offering (IPO) at the top-end at SAR 13.50, implying a valuation of SAR 15.242 billion ($4.06 billion). The institutional book-building process was 62.7 times oversubscribed, while the order book stood at SAR 286.853 billion ($76.49 billion). The Public Investment Fund-backed […] September 21, 2023 Energy Aramco buys Chile’s Esmak to expand global presence Saudi Aramco has agreed to purchase a 100 percent equity stake in Chile’s Esmax Distribución SpA (Esmax) from Southern Cross Group, the Latin America-focused private equity company. The transaction is subject to certain customary conditions, including regulatory approvals, the Saudi-listed oil major said in a statement. Esmax, a diversified downstream fuels and lubricants retailer in […] September 17, 2023 Posts navigation Previous 1 … 37 38 39 … 55 Next
Analysis Tech Gulf accelerates longevity push with AI and healthtech The Gulf is establishing itself at the forefront of the world’s fast-growing “longevity” sector. Saudi Arabia and the UAE in particular are making strides in the global race to prolong life, investing in health technologies that can predict medical risk and help develop medicines. They are investing in healthtech, building laboratories to support research and […] October 12, 2023
Energy Aramco in talks to buy 10% of Shandong Yulong refinery Saudi Aramco, the world’s largest oil producer, is discussing buying a 10 percent stake in China’s Shandong Yulong Petrochemical Company. Shandong Yulong is currently in the process of completing the construction of a refining and petrochemicals complex in eastern China’s Shandong province. The facility will process 400,000 barrels per day of crude oil and produce […] October 12, 2023
Exclusive Sustainability Saudi carbon credit firm to invest in Middle East and Africa Saudi Arabia’s Regional Voluntary Carbon Market Co plans to invest in carbon abatement projects in the Middle East, Africa and Southeast Asia, the CEO of the government-backed startup has told AGBI. Saudi’s Public Investment Fund (PIF) and Saudi Tadawul Group, owner of the kingdom’s stock market, last October launched RVCMC. PIF holds an 80 percent […] October 12, 2023
Finance Saudi Arabia to report budget deficits until 2026 Saudi Arabia, the world’s largest oil exporter, expects to report budgetary deficits each year until 2026, the kingdom’s finance ministry said. It added that GDP is likely to rebound after taking a hit this year from extended oil production cuts. The Arab world’s largest economy anticipates real GDP to grow by 0.03 percent in 2023, […] October 2, 2023
Oil & Gas Aramco invests $500m in LNG business MidOcean Saudi Arabia’s Aramco has made its first investment in the international liquefied natural gas (LNG) market with a $500 million investment in MidOcean Energy. The Saudi oil supermajor has acquired a minority stake in the company, which is the LNG unit of US-based energy investor EIG. The deal includes an option to increase the size […] September 28, 2023
Energy Aramco in talks to buy 10% stake in Chinese refiner Saudi Aramco has started talks with China’s privately owned Jiangsu Eastern Shenghong Company to acquire a 10 percent equity stake in the Chinese firm’s refiner and petrochemical subsidiary. Under the cooperation framework agreement, the world’s largest oil producing company intends to supply Jiangsu Shenghong Petrochemical Industry Group with crude oil and potentially other feedstocks. Aramco and […] September 28, 2023
Analysis Oil & Gas Gulf invests in major oil refinery upgrade programme Gulf states are expanding their oil refining capacity through a series of massive upgrades, at the same time as they drive towards net zero and seek to move away from petroleum and natural gas. The apparent contradiction is, however, only apparent. From Az-Zour in Kuwait to Duqm in Oman, the refinery upgrades are central to […] September 28, 2023
Development Saudi Arabia to begin preparing Vision 2040 Saudi Arabia is to begin working on the next phase of its economic diversification plan known as Vision 2030 and hopes to unveil its Vision 2040 as early as 2027, Crown Prince Mohammed bin Salman said in an interview this week. “Today we’re trying to close a few things, we’re aiming to close in the […] September 22, 2023
Finance PIF-backed Ades Holding’s order book hits $76bn Saudi oil and gas driller Ades Holding set the final price for its initial public offering (IPO) at the top-end at SAR 13.50, implying a valuation of SAR 15.242 billion ($4.06 billion). The institutional book-building process was 62.7 times oversubscribed, while the order book stood at SAR 286.853 billion ($76.49 billion). The Public Investment Fund-backed […] September 21, 2023
Energy Aramco buys Chile’s Esmak to expand global presence Saudi Aramco has agreed to purchase a 100 percent equity stake in Chile’s Esmax Distribución SpA (Esmax) from Southern Cross Group, the Latin America-focused private equity company. The transaction is subject to certain customary conditions, including regulatory approvals, the Saudi-listed oil major said in a statement. Esmax, a diversified downstream fuels and lubricants retailer in […] September 17, 2023
