The Latest Breaking News from Amin Nasser

Saudi Arabia has 'green vision' at COP27, critics unmoved

Saudi Arabia’s vision of an environmentally friendly future is on display just a short drive from the venue of the U.N. climate summit being held in Egypt

The Independent UK · Nov 13, 2022

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 · Nov 1, 2022

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 · Oct 26, 2022

Saudi Aramco chief says Europe’s plans on energy crisis are not helpful

Amin Nasser says plans to cap bills and tax energy companies are not long-term solutions

The Guardian - UK · Sep 20, 2022

Saudi Arabia Leads Regional AI through Laboratory, Global Development Corridor

Saudi Arabia hosted the second edition of the Global AI Summit under the patronage of Crown Prince Mohammad bin Salman bin Abdulaziz, who also chairs the Board of Directors of the Saudi Authority for Data and Artificial Intelligence (SDAIA). During the summit, the Saudi Company for Artificial Intelligence (SCAI) announced…

Asharq Al-Awsat · Sep 14, 2022

Your price at the pump went up. So did Saudi Aramco's profits — to a new record

Saudi energy company Aramco said Sunday its profits jumped 90% in the second quarter compared to the same time last year, helping its half-year earnings reach nearly $88 billion.

WEKU · Aug 14, 2022

High oil prices help Saudi Aramco earn $88B in first half

Saudi oil company Aramco’s half-year profits peaked just shy of $88 billion as oil prices remain high globally

The Independent UK · Aug 14, 2022

Global energy and funding shocks test climate commitments

Six months after the world agreed in Glasgow to a U.N. climate pact with bold, new targets, political and business leaders facing an energy crisis, volatile markets and an economic downturn are grappling with how to cut carbon emissions.

Reuters · May 24, 2022

Aramco CEO Warns of Global Oil Crunch Due to Lack of Investment

The world is facing a major oil supply crunch as most companies are afraid to invest in the sector as they face green energy pressures, the head of Saudi Aramco told Reuters, adding it cannot expand production capacity any faster than promised. Amin Nasser, head of the world's largest oil…

Asharq Al-Awsat · May 23, 2022

Saudi Arabia's Aramco Passes $110 Billion In Profit, An Increase of 124% Compared To 2020

Saudi’s Aramco 2021 full-year profits hit a new record as the company registered a 124% increase to $110 billion compared to $49 billion in 2020. The energy giant attributed the shoot-up to increased oil prices as the market recovers from a pandemic-induced downturn.

Benzinga · Mar 22, 2022