Dhahran
UN experts challenge Aramco over climate change
U.N. experts have written to oil firm Saudi Aramco and its financial backers challenging them on allegations that their activities are fuelling climate change-related negative impacts on human rights.
A cache of correspondence was published on Aug. 26 on a United Nations human rights special procedures website, exactly two months after it was sent.
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Aramco, TotalEnergies sign contracts for $11bln Saudi complex
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.
Saudi Arabia transfers more Aramco oil shares to wealth fund
Saudi Arabia has put a second four-percent chunk of shares of the Aramco oil giant, worth tens of billions of dollars, under the control of the country's sovereign wealth fund, state media said Sunday.
Saudi Aramco reports 46 pct jump in profits
Saudi Aramco reported yesterday that profits jumped 46 percent last year, highlighting how a surge in oil prices after Russia invaded Ukraine spurred growth in the world's biggest crude exporter.
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Saudi Aramco unveils record $48.4 billion profit in Q2
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.
Top oil exporter Saudi Arabia targets zero carbon emissions by 2060
Top crude exporter Saudi Arabia will aim to achieve net zero carbon emissions by 2060, its de facto ruler said on Oct. 23, days before the COP26 global climate summit.
The kingdom, one of the world's biggest polluters, said it would also join a global effort to cut methane emissions by 30 percent by 2030.
Aramco declares $1.71 trillion valuation in world's biggest IPO
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 regulator approves Aramco's request to list
Saudi Arabia's Capital Market Authority (CMA) on Nov. 3 approved Aramco's request for initial public offering (IPO).
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Saudi Aramco delays planned IPO until after earnings update
Saudi Aramco has delayed the planned launch of its initial public offering in hopes that pending third-quarter results will bolster investor confidence in the world's largest oil firm, two sources familiar with the matter said on Oct. 17.
The Oil Production in Saudi Arabia Will Be Fully Restored by the End of November
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.