Highlights
Recapping a year of success and milestones
Q1
BHIG acquisition
Aramco acquired a 50% equity interest in BHIG, which has been established as a platform to support GHG emission reduction, for a total of ﷼ 1.0 billion ($0.27 billion).
ALBA shareholding sale
SABIC completed the sale of its 20.62% shareholding in ALBA for approximately ﷼ 3.6 billion ($0.96 billion), supporting Aramco’s portfolio optimization efforts.
Al Shuaibah 2 solar PV project
The Al Shuaibah 2 solar PV project achieved commercial operation, which together with Al Shuaibah 1 delivers a combined capacity of 2.66 GW.
Global Lighthouse Network status
The North Ghawar Oil Producing Complex became the fifth Aramco facility to receive World Economic Forum Global Lighthouse Network status.
Q2
Oil and gas discoveries
The MoE announced 14 new Arabian oil and natural gas field and reservoir discoveries in the Kingdom’s Eastern Province and Empty Quarter.
International bond issuance
Aramco announced the completion of its ﷼ 18.8 ($5.0 billion) international bond issuance, split into three tranches maturing in 2030, 2035, and 2055.
Dammam development onstream
Phase one of the Dammam development project was brought onstream, adding crude oil production capacity of 25 mbpd.
AI computing leap
Aramco boosted its AI computing power to over 570 PetaFLOPs, a 10-fold increase from the previous year, advancing digital transformation and enabling real-time AI solutions to drive productivity and operational value.
LNG offtake agreement
Aramco signed a 20-year SPA with NextDecade for the offtake of 1.2 mmtpa of LNG from the Rio Grande LNG facility in Brownsville, Texas.
Q3
International Sukuk issuance
Aramco announced the completion of its ﷼ 11.3 billion ($3.0 billion) international Sukuk issuance under its Trust Certificate Issuance Programme, split into two tranches maturing in 2030 and 2035.
Integrated refining and petrochemical investment
Aramco made an initial investment of ﷼ 2.5 billion ($0.67 billion) in the integrated refining and petrochemical complex in Fujian province, China.
Premium fuel lines
Esmax and GO launched premium fuel lines, including Aramco ProForce 97 and ProForce Diesel, which were designed to enhance performance, power, and fuel economy through improved fuels formulation for gasoline.
Q4
Jafurah midstream deal
Aramco closed a transaction to lease and lease back the development and usage rights to the Jafurah Field Gas Plant and the Riyas NGL Fractionation Plant to JMGC for a period of 20 years, and sold a 49% equity interest in JMGC to a consortium of international investors for upfront proceeds of ﷼ 41.8 billion ($11.1 billion).
Jafurah and Tanajib Gas Plants
Production commenced at the Jafurah Gas Plant, part of the Jafurah unconventional gas field, and operations commenced at the Tanajib Gas Plant, part of the Marjan development program.
Petro Rabigh investment
Aramco acquired an additional stake of approximately 22.5% in Petro Rabigh from Sumitomo for ﷼ 2.6 billion ($0.7 billion), raising its ownership to approximately 60% in Class A Shares. Also, as part of the transaction, new non-voting Class B Shares were issued to Sumitomo and Aramco for ﷼ 2.6 billion ($0.7 billion) each.
Aramco-HUMAIN Partnership
Aramco and PIF announced the signing of a non-binding term sheet for Aramco to acquire a significant minority stake in HUMAIN, unifying certain AI assets to boost growth in data centers, cloud, and advanced AI solutions.
Marjan crude oil increment onstream
The Marjan crude oil increment was brought onstream with a production capacity of 300 mbpd.
