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The Latest Breaking News from Aramco

Aramco to Pump $7 Bn to Develop World's Largest Petrochemical Crackers in S. Korea

Saudi Aramco announced it was planning to invest $7 billion in South Korea to develop one of the world's largest refinery-integrated petrochemical steam crackers, which will be established in Ulsan city. The "Shaheen" project is Aramco's most significant investment in South Korea to develop one of the largest steam crackers…

Asharq Al-Awsat

Aramco, Pertamina Explore Hydrogen and Ammonia Value Chain at B20

Aramco, one of the world’s leading integrated energy and chemicals companies, and Indonesia’s PT Pertamina (Persero) are exploring collaboration across the hydrogen and ammonia value chain. The companies signed a Memorandum of Understanding (MoU) outlining future cooperation across this key pathway of the energy transition, in a ceremony that took…

Asharq Al-Awsat

Saudi Commitment to Building a Green Future

Governor of the Public Investment Fund (PIF) and Chairman of Saudi Aramco Yasir Al Rumayyan said the Middle East Green Initiative (MGI) is a turning point in the environmental efforts, which aim to transition national ambitions into practical steps that affect the entire world. Al Rumayyan underlined the great efforts…

Asharq Al-Awsat

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The Kingdom Declares Saudi Green Initiative an Annual Event

Saudi Energy Minister Prince Abulaziz bin Salman announced on Friday that the Green Saudi Initiative forum would be an annual event in order to review the implementation of the Kingdom’s climate goals. “Crown Prince Mohammed bin Salman decided to hold the initiative annually; because we are confident in our steps,…

Asharq Al-Awsat

Saudi Arabia Registers Jump in Foreign Direct Investment Inflows

Foreign direct investment flows recorded a growth of 46.5% during the second quarter of this year, compared to the same period of 2021, after excluding the Saudi Aramco deal amounting to 46.5 billion riyals ($12.4 billion). Last year, Aramco forged a pipeline infrastructure deal worth 46.5 billion riyals ($12.4 billion)…

Asharq Al-Awsat

Saudi Aramco Posts 39% Jump in Third-quarter Profits

Saudi Aramco on Tuesday posted a 39-percent jump in third-quarter profits year on year, the latest financial results boosted by higher oil prices and volumes sold. The energy giant's net income totaled $42.4 billion -- up from $30.4 billion during the same period last year -- and was "primarily driven…

Asharq Al-Awsat

Oil giant Saudi Aramco has $42.4B profit in third quarter

Oil giant Saudi Aramco is reporting a $42.4 billion profit in the third quarter of this year, buoyed by higher global energy prices that have filled the kingdom’s coffers but helped fuel inflation worldwide

The Independent UK

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Saudi Arabia to Create Largest Venture Capital Fund Globally

Saudi Aramco announced on Wednesday the creation of a $1.5 billion sustainability fund to invest in technology to support a stable and comprehensive energy transition. This is considered one of the largest sustainability-focused venture capital funds globally. Aramco’s decision to start the fund aligns with Saudi efforts to reduce greenhouse…

Asharq Al-Awsat

Saudi oil giant Aramco unveils $1.5B sustainability fund

Saudi energy company Aramco has unveiled a $1.5 billion fund for sustainable investments, part of efforts to burnish the state-owned company’s green credentials

The Independent UK

Saudi Aramco Announces $1.5 Bln Sustainability Fund

Saudi Aramco announced on Wednesday the creation of a $1.5 billion Sustainability Fund to invest in technology that can support a stable and inclusive energy transition. It was unveiled at the sixth edition of the Future Investment Initiative (FII) and is among the largest sustainability-focused venture capital funds globally. Managed…

Asharq Al-Awsat

Aramco Launches Taleed Program to Accelerate SME growth in Saudi Arabia

Aramco announced on Thursday the launch of a new program, “Taleed”, which aims to accelerate the growth of Small and Medium Enterprises (SMEs) in Saudi Arabia — helping boost their contribution to economic development and support job creation. The program targets sustainable SME growth across multiple sectors through a portfolio…

Asharq Al-Awsat

In sport, it's all about the money — but accepting it is not always so easy

In the messy world of sport sponsorships, players are often stuck between their personal beliefs and the greater good of their code. It takes a courageous athlete to bite the hand that feeds, writes David Mark.

ABC News

Reckoning beckons as athlete voices grow louder over sportswashing sponsors

It may prove to be a blip from business as usual but recent resistance in Australian sport has been encouraging

The Guardian - AU

Players free to boycott T20 WC sponsorship

The ICC will not sanction any player who opts out receiving a man-of-the-match award at the T20 World Cup based on personal beliefs against sponsors.

AAP

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The Guardian - UK

Aramco cricket deal again proves sport will ignore reality for revenue

The oil giant’s place in cricket’s landscape shows once more the Saudi regime’s art of blending into the sporting canvas

Asharq Al-Awsat

Aramco Establishes 2 Offshore Fabrication Yards in Collaboration with Int’l Partners

Saudi Aramco, in collaboration with international partners, is establishing two offshore fabrication yards that aim to deliver a more than 200 percent increase in Saudi Arabia’s offshore fabrication capacity, announced the company on Monday. The new yards are being constructed in Ras Al Khair in collaboration with National Petroleum Construction…

USA Today Sports Media Group

Lexi Thompson won an Aramco Team Series event in New York over the weekend. What does it mean for the LPGA and Golf Saudi?

The Aramco events are not official LPGA events, but the LPGA did enter into a joint venture with the LET in 2019.

USA Today Sports Media Group

Lexi Thompson breaks three-year victory drought at Aramco Team Series event in New York

“I came into today just the way I played yesterday, just playing aggressive golf, and being kind of fiery.”

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USA Today Sports Media Group

Nelly Korda, Lexi Thompson, Brooke Henderson among big names at Saudi-backed Aramco event at Trump Ferry Point

Golf Saudi backs six of events on the LET schedule.

The Independent UK

Kwasi Kwarteng held undisclosed meetings with Saudi oil firms

Green MP Caroline Lucas urges chancellor to ‘come clean about dealings with Saudi oil giants’

The National (Scotland)

Documents reveal Kwasi Kwarteng's undisclosed meetings with Saudi Arabian oil firms

CHANCELLOR Kwasi Kwarteng held undisclosed meetings with senior executives of Saudi Arabian firms when he was business secretary, according to…

The Guardian - UK

Kwasi Kwarteng’s secret meetings with Saudi oil firms revealed

Exclusive: Meetings while in Saudi Arabia undisclosed due to ‘administrative oversight’, says business department

AAP

Trump, Saudis on menu in Liveris address

Andrew Liveris has reflected on his relationship with Donald Trump and defended his place on a Saudi-backed board in an address to the Queensland Media Club.

The Guardian - AU

Brisbane 2032 Olympics organiser defends sitting on board of fossil fuel company

Andrew Liveris says his position at Saudi Aramco means he ‘knows the solutions’ as he presides over climate-positive games

Asharq Al-Awsat

Aramco CEO: Securing Buffer Spare Capacity Not Saudi Arabia's Responsibility Alone

Saudi Aramco Chief Executive Amin Nasser on Tuesday said that spare capacity in the oil market stands at 1.5% of global demand, adding that providing a buffer of spare capacity was not the responsibility of Saudi Arabia alone. "(The market is) focusing on what will happen to demand if a…

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