Page 33 - Saudi Arabia

Saudi Arabia's Aramco hikes oil financing as net profit doubles in 2021

Aramco said it would boost its capital expenditure (capex) to $40-50 billion this year, with further growth expected until around the middle of the decade

Saudi Aramco 2021 profit soars on oil price hike, plans capex boost in 2022

Saudi Arabian state oil giant Aramco on Sunday reported a more than doubling of annual net profit in 2021, boosted by higher oil prices, and announced plans to sharply lift capital expenditure in 2022

British PM Boris Johnson visits Gulf, seeks more oil from Saudi Arabia, UAE

The British prime minister met Crown Prince Mohammed bin Zayed, the UAE's de facto ruler, in Abu Dhabi

British Prime Minister to discuss energy security with UAE, Saudi leaders

UK Prime Minister Boris Johnson will discuss energy security during a visit to the UAE and Saudi Arabia in connection with Russia's special operation in Ukraine, British government said on Wednesday

British PM Boris Johnson to visit Saudi Arabia for oil supply talks

Johnson will also use the trip to press Saudi Arabia to condemn Russia's invasion of Ukraine, a Foreign Office official said Tuesday

Dozens of ballistic missiles fired at northern Iraq, US facilities hit

The missiles, which targeted the US consulate's new building, caused only material damage and one civilian was injured, the Kurdish interior ministry said

Saudi Arabia says it has executed 81 convicts in single day

The total number of those put to death surpassed that of the January 1980 mass execution of those convicted of the seizure of the Grand Mosque in Mecca, which saw 63 people beheaded

Saudi Arabian oil refinery in Riyadh attacked by drone, sparking small fire

An oil refinery in Saudi Arabia's capital, Riyadh, was attacked by drone, causing a small fire that did not cause injuries or affect supplies, the energy ministry said Friday. The statement did not specify where the drone strike was launched from. There was no immediate claim of responsibility. The kingdom's oil facilities have been a target of Yemen's Houthi rebels in the past. The Iranian-backed Houthis claimed responsibility for a shocking attack in 2019 at the Abqaiq oil processing facility in Eastern Province, which temporarily knocked out half the kingdom's daily production. The ministry statement, published by the state-run Saudi Press Agency, was released shortly after midnight Friday and said the attack took place around 4:40 a.m. on Thursday. The ministry said such attacks not only target Saudi Arabia, but also the security and stability of energy supply to the world. Saudi Arabia has been involved in Yemen's civil war since 2015, fighting against the Houthis who overran

Pariahs no more? US reaches out to oil states as global fuel prices rise

Three checkered oil regimes that President Joe Biden and past US leaders have spectacularly snubbed Venezuela, Saudi Arabia and Iran are now targets of US outreach

Saudi Arabia signs deals worth $2.13 bn with local, foreign defence firms

Saudi Arabia has inked 22 deals of $2.13 billion worth with local and foreign defence companies at the ongoing World Defense Show in Riyadh, the Saudi Press Agency (SPA) reported on Monday

Saudi Arabia raises April crude selling prices to Asia to all-time highs

Saudi Arabia's Aramco raised April OSPs for crude it sells to Asia by over USD $2 a barrel, with some grades hitting all-time highs, as global market struggle with Russian oil disruption

Saudi Arabia may raise April crude prices to Asia to all-time highs

The sharp price hikes are tracking strong gains in Middle East benchmark Dubai last month which reached record levels as buyers faced limited options amid tight supplies

Saudi Arabia may raise April crude prices to Asia to all-time highs

The official selling price (OSP) for Saudi's flagship Arab Light crude may rise to a record of $4.50 a barrel, up $1.70, three of five refining sources told Reuters in a survey.

Saudi Arabia holds ceremonies to mark nearly 300-year-old Founding Day

For the first time ever, Saudi Arabia marked the kingdom's nearly 300-year-old Founding Day.

Saudi's crude oil production exceeds 10 million bpd in Dec; exports dip

Exports fell slightly to 6.937 million bpd from 6.949 million bpd in November, according to monthly figures provided by Saudi Arabia and other oil-exporting countries to JODI

A Saudi woman's iPhone revealed NSO group's web around the world

A glitch in the hacking software led Apple to notify thousands of state-backed hacking victims globally and formed the basis for a November 2021 lawsuit

Indian, Saudi army chiefs discuss areas of military collaboration

The chiefs of the Indian Army and Royal Saudi Land Forces held discussions and briefings over areas of collaboration on Tuesday

Saudi Arabia moves $80 billion Aramco stake to wealth fund

4% shares of the firm transferred

Saudi Arabia transfers 4% of oil giant Aramco to investment fund

The announcement on state media comes as the oil firm is valued just under $2 trillion.

Aramco plans world's biggest share sale at $50 billion: Report

Saudi Arabia would raise funds off its biggest asset, and use them to develop new industries