Aramco sells minority stake to EIG Group-led consortium for $12.4 billion

Aramco sells minority stake to EIG Group-led consortium for $12.4 billion

By Anna Domanska - Apr 12, 2021

Energy giant Saudi Aramco is selling a minority stake for 12.4-billion-dollar in a newly formed oil pipeline business to a consortium led by US-based EIG Global Energy Partners. Th

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Saudi Aramco Q3 profits take a sharp dive

Saudi Aramco Q3 profits take a sharp dive

By Christy Gren - Nov 04, 2020

Saudi Aramco Q3 financial results show a sharp plunge in profits. The world’s most valuable listed company witnessed a 44.6% drop in net profits.

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Saudi Aramco Cuts 100s of Jobs to Cut Expenditure

Saudi Aramco Cuts 100s of Jobs to Cut Expenditure

By Anna Domanska - Jun 19, 2020

Saudi Aramco, the world’s largest company by revenue, will be cutting hundreds of jobs across its divisions to meet the slump facing the oil industry due to Covid-19 and the fall

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Saudi Arabia Eyes Becoming World Leader in Clean Energy

Saudi Arabia Eyes Becoming World Leader in Clean Energy

By Anna Domanska - Apr 18, 2017

Saudi Arabia will develop 30 solar and wind projects over the next 10 years as it pushes ahead with the $50 billion program to free up crude oil export. Energy Minister Khaled al-F

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PetroChina Outshines Exxon Mobil in oil production

PetroChina Outshines Exxon Mobil in oil production

By Dhwani Shah - Mar 31, 2012

Big Oil is experiencing a big shift. And this makes the American giant now rank behind a Chinese upstart. For the first time, that distinction belongs to a 13-year-old Chinese comp

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