The Latest Breaking News from Aramco

Saudi Arabia's new "green" agenda

The petrostate pitched a plan to cut carbon at COP27. And it’s covered in oil.

Salon · Nov 25, 2022

Aramco Signs 59 New Agreements under the Iktva Program

Saudi Aramco signed on Tuesday 59 corporate procurement agreements (CPAs) with 51 local and global manufacturers, with potential to create 5,000 new jobs in Saudi Arabia over the next decade.

Asharq Al-Awsat · Nov 22, 2022

England 'allowed to boycott' controversial Saudi sponsor Aramco at women's T20 World Cup

England players have reportedly expressed reservations over the ICC's sponsorship deal with Saudi Arabian oil company Aramco, who sponsor all major ICC events

Daily Mirror · Nov 21, 2022

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 · Nov 13, 2022

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 · Nov 12, 2022

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 · Nov 4, 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

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 · Nov 1, 2022

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 · Oct 27, 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