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...On Monday, Aramco outlined its latest in a number of tie-ups with China’s large petrochemical producers, each designed to ensure the state-controlled Saudi company has committed buyers in the future for...
We examine how senior in-house lawyers are adapting to new business needs in a monthly series. This time: ethical dilemmas
Apas stops short of establishing criminal intent in Big Four firm’s conduct
...The company will report its 2023 financial results on Sunday....
...Halting the oil expansion plan, however, will provide Aramco with “increased flexibility” over capital expenditure, and the opportunity to increase domestic gas production and expand the company’s petrochemicals...
...The extra money for Aramco Ventures would more than double its capital to $7bn from $3bn, the state-run company said in a statement on Wednesday....
...Saudi Aramco’s net profit declined by more than a fifth in the third quarter as the world’s largest oil company by market capitalisation sold less oil for cheaper prices....
...Saudi Aramco’s chief executive, Amin Nasser, who is in charge of the company day-to-day, said the “robust financial results reinforce Aramco’s ability to generate consistent value for our shareholders”....
...Large financial services companies often operate their Middle East businesses under a broader geographical area that includes Europe and Africa, and bankers have told the Financial Times that several lenders...
...Despite state-led production cuts, which reduced Saudi Aramco’s oil production about 7 per cent year-on-year, the state-owned company was able to juice its total annual dividend by 30 per cent to a whopping...
...The main buyers of the assets were state-controlled oil group Saudi Aramco and Mol, the Hungarian oil company....
...Saudi Aramco accounts for about 10 per cent of the 100mn barrels of oil the world consumes every day....
...Saudi Arabia’s energy ministry on Tuesday asked the state oil company Saudi Aramco to halt a planned 1mn barrels per day expansion in oil production to 13mn b/d. This had been due by 2027....
...Both companies are owned by US buyout firm Clayton, Dubilier & Rice....
...Analysts had forecast net income of $29.8bn, according to an average compiled by the company....
...Aramco expects to spend between $45bn and $55bn this year, which is double the capital expenditure planned by Europe’s biggest oil company Shell....
...To stay one step ahead of threat actors, he recommends that businesses adopt a threat intelligence system and collaborate with cyber security companies, just as Saudi Aramco has done with Dragos....
...The approach underlines private equity interest in the sector and comes after several firms made investments in professional services businesses in the US and Europe....
...“We should abandon the fantasy of phasing out oil and gas and, instead, invest in them adequately reflecting realistic demand assumptions,” Amin Nasser, chief executive of Saudi Aramco, the world’s biggest...
...The UN has told banks including Citi, Goldman Sachs and BNP Paribas that their financing of Saudi Aramco may be in violation of global human rights rules because of the state-run oil company’s contribution...
...I offloaded on to him again recently when BA’s parent company IAG revealed record annual profits. When levels of service go down, volumes of complaints go up....
...Saudi Aramco has a message for climate campaigners: Your protests are not getting rid of us anytime soon....
...The Munich-based fintech company Wirecard collapsed into insolvency in June 2020 after reporting that half of its revenue and €1.9bn in corporate cash did not exist....
...Meanwhile Aramco Ventures, a subsidiary of Saudi Arabia’s oil company Saudi Aramco, in October led a $10mn fundraising round in Redex, a Singapore-based provider of services to manage renewable energy certificates...
...with GHGSat, a company backed by a climate investment fund founded by OGCI....
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