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...As the west tries to reduce its oil consumption, Saudi Aramco has turned to China and other markets for growth....
...The boss of Lucid Motors said the US electric car start-up must not rely on the “bottomless wealth” of its Saudi Arabian backer as it looks to raise funds over the coming year....
...venture between a Chinese tech company and a Saudi counterparty....
...British officials argued there was nothing unusual about the Gulf states, including Saudi, speaking regularly with Russia, one of their partners within the Opec+ oil cartel....
...The payout from the world’s largest oil producer remains the most important source of revenue for the Saudi state, which owns 82 per cent of the company, especially as the kingdom struggles with a budget...
...Saudi Aramco’s first-quarter earnings came in below analyst expectations, dropping 14 per cent from last year despite higher crude oil prices....
...Saudi Aramco boosted its dividend to almost $100bn as it reported the second-highest annual profit in its history, even as lower oil prices and state-led production cuts weighed down on performance....
...Saudi Aramco’s chief executive has said the world should “abandon the fantasy of phasing out oil and gas”, arguing low carbon solutions and new energy sources should only be phased in when they are economically...
...BlackRock last summer added Amin Nasser, chief executive of state oil company Saudi Aramco, to its board of directors. Read more here...
...Saudi Arabia has transferred a $163bn stake in national oil group Aramco to its sovereign wealth fund as the once conservative state investment group seeks to grow its assets to fund projects to modernise...
...BlackRock last summer added Amin Nasser, chief executive of state oil company Saudi Aramco, to its board of directors....
...Saudi Aramco accounts for about 10 per cent of the 100mn barrels of oil the world consumes every day....
...Saudi Aramco is beefing up its global venture capital arm with a $4bn cash injection as part of a wider push to diversify the kingdom’s oil-dependent economy....
...Saudi Arabia has dropped a plan to boost its oil output capacity, in a major reversal from previous policy.Saudi Aramco, the world’s biggest oil producer, responsible for 10 per cent of global supply, said...
...It follows a series of Saudi investments in football, golf, motor racing and combat sports, which have included Golf Saudi, the Saudi sovereign wealth fund and state oil company Saudi Aramco backing female...
...Executives said that, if the PIF or Saudi Aramco were included, they would be more likely to start the regional headquarters process....
...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”....
...“The partnership board is not keen until and unless the Saudi market opens up to the new liberal way of John Lewis Partnership. “There is no liquor permitted in Saudi Arabia....
...The main buyers of the assets were state-controlled oil group Saudi Aramco and Mol, the Hungarian oil company....
...The agency had accused the two men of involvement in nearly £10mn of bribes paid to Saudi officials between January 2007 and December 2012 to secure £1.6bn of contracts between the MoD and the Saudi Arabian...
...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...
...In the GPT case, the defendants’ alleged crimes related to payments made to Saudi officials to secure £1.6bn of contracts between the MoD and the Saudi Arabian National Guard (SANG) for the installation...
...There is incentive for Saudi Arabia as well. Last year, Russia surpassed Saudi Arabia to become China’s largest oil supplier. Chinese exports to Saudi Arabia are just half that of imports for now....
...Oil prices dropped sharply on Monday as Saudi Arabia’s decision to cut its official selling price for oil exports in February overshadowed heightened tensions in the Middle East....
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