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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....
...“I think there will be lots of discussions about how the Saudis can learn from the UK and there will be discussions about investment by the Saudis into UK companies,” Frazer said....
...Jaber — who is also head of the Abu Dhabi National Oil Company (Adnoc) — said he will invite chief executives from Silicon Valley and Big Oil for a “Change Makers Majlis”, or special gathering, at the start...
...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...
...For most of its history, the energy ministry’s operations and planning have relied on a mix of employees seconded from state oil company Saudi Aramco and embedded consulting firms....
...Saudi Aramco’s first-quarter earnings came in below analyst expectations, dropping 14 per cent from last year despite higher crude oil prices....
...BlackRock last summer added Amin Nasser, chief executive of state oil company Saudi Aramco, to its board of directors. Read more here...
...The company produced an average of 10.7mn b/d of crude oil and other liquids last year, down from 11.5mn b/d in 2022....
...BlackRock last summer added Amin Nasser, chief executive of state oil company Saudi Aramco, to its board of directors....
...“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....
...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...
...Saudi Arabia has dropped a plan to expand the kingdom’s daily oil production capacity, in a major policy reversal by the world’s largest oil exporter....
...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...
...But the tiny country, wedged between Saudi Arabia and Iraq, has long struggled to use its oil riches to develop the state, partly because of perennial conflict between the parliament and the ruling family...
...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....
...After the latest transfer, the state’s direct stake in the company will drop to 82 per cent, according to the statement by the Saudi Press Agency on Thursday....
...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...
...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....
...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...
...“This is less about compliance and more about incentivising companies to grow and develop and draw value” from Saudi Arabia’s investment opportunities, the ministry said....
...“It will always be used by those who are bearish on oil as an excuse to sell oil,” he said. “What really matters is Russia and Saudi Arabia....
...Saudi Arabia has leaned heavily on foreign consultants to help accelerate its ambitious plan to diversify its oil-dependent economy, creating a lucrative market that London-headquartered Source Global Research...
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