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Saudi Aramco Looks at Raising Production Capacity as Profits Surge

2021-08-10 22:00:00| OGI

Saudi Aramco is using the rise in oil prices to reduce leverage and invest in increasing production capacity, bucking the trend among international rivals to raise returns to shareholders.

Tags: production capacity raising saudi

 

Saudi Aramco Reports Highest Quarterly Profit Since 2018

2021-08-09 11:00:00| OGI

The state oil giant recorded a net profit of $25.5 billion in the second quarter, the highest level since 2018.

Tags: reports highest profit quarterly

 
 

Saudi oil giant Aramco sees profits soar by almost 300%

2021-08-09 07:13:52| BBC News | Business | UK Edition

The results were boosted by a rise in oil prices and a recovery in demand after the pandemic.

Tags: oil giant saudi sees

 

Hackers reportedly demand $50m from Saudi Aramco over data leak

2021-07-22 10:21:56| BBC News | Business | UK Edition

The world's most valuable oil producer confirmed to the BBC that company files had been leaked.

Tags: data demand saudi 50m

 

EIG-led Group Closes $12.4 Billion Deal to Buy Aramco Pipeline Stake

2021-06-21 11:15:00| OGI

The acquisition comprised of a 49% equity stake in Aramco Oil Pipelines Co., a newly formed entity with rights to 25 years of tariff payments for oil transported through Aramcos stabilized crude oil pipeline network.

Tags: group buy deal billion

 

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