Aramco

Representatives from more than 120 Saudi companies will visit Türkiye to discuss investment and cooperation opportunities.

Saudi Aramco and France's TotalEnergies have signed contracts to start building an $11-billion petrochemicals facility in the Gulf kingdom, the two companies said.

A signing ceremony for the engineering, procurement and construction contracts for the Amiral complex took place at Aramco's headquarters in Dhahran, in Saudi Arabia's Eastern Province.

Oil giant Saudi Aramco yesterday unveiled record profits of $48.4 billion in the second quarter of 2022, after Russia's war in Ukraine and a post-pandemic surge in demand sent crude prices soaring.    

Net income leapt 90 percent year-on-year for the world's biggest oil producer, which clocked its second straight quarterly record after announcing $39.5 billion for Q1.    

Oil prices continue to rise today after Saudi Arabia raised the prices of its supplies for July and made it clear that the market remains tense despite last week's agreement with OPEC + countries to increase production by more than previously agreed, Reuters reported, quoted by BTA.

Movements to replace crude oil supplied by Russia have already been launched by the country's two refineries.

Athens and Riyadh have reportedly agreed on the deployment of Patriot anti-aircraft missiles of the Hellenic Air Force in Saudi Arabia.

Technical details relating to the transportation of the missiles, their deployment, cost and operational responsibility remain to be ironed out for the agreement's conclusion.

Saudi Arabia's crown jewel Aramco on Nov. 17 set an indicative share price between 30 and 32 riyals for the 1.5 percent of its shares that it would offer for the domestic part of its public offering.

Saudi Arabia's Capital Market Authority (CMA) on Nov. 3 approved Aramco's request for initial public offering (IPO).

The oil production in Saudi Arabia will be fully restored by the end of November, Amin H. Nasser, President and CEO of Saudi Arabian Oil Company Saudi Aramco, said.  The facilities of the giant Aramco were attacked by drones earlier in September and caused a temporary shutdown and halved oil production, equivalent to 6 percent of world production.

Oil production in Saudi Arabia will be fully restored by the end of September, authorities said. At the same time, United States Secretary of State Mike Pompeo is leaving for the kingdom to discuss the next steps after the airstrike against Saudi oil facilities.