Saudi Aramco

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

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.

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 Aramco held talks with Turkish contractors last week to discuss $50 billion of potential projects in the Gulf kingdom, Bloomberg has reported.

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 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.

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.    

Companies have been calculating their carbon footprints since the early 2000s and just over one in three of the world's 2,000 largest public corporations have now set goals to become carbon neutral or emissions-free by mid-century or sooner.

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.

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.