Aramco signs $12.4 billion infrastructure investment deal with EIG-led consortium
Transaction reflects ongoing progress in Aramco’s portfolio optimization program, which aims to unlock value and maximize shareholder returns
Transaction reflects ongoing progress in Aramco’s portfolio optimization program, which aims to unlock value and maximize shareholder returns
Positive performance characterized by operational excellence and financial discipline.
Continued delivery on long-term strategy and commitment to dividend despite ongoing global challenges.
Continued progress on strategy and commitment to dividend enabled by resilience and financial prudence
The completion of the transaction enhances Aramco’s presence in the global petrochemicals industry, a sector expected to record the fastest growth in oil demand in the years ahead.
Under the MoU, JXTG plans to invest in a 23,000 tons per year state-of-the-art ENB plant, that will use feedstock from the Amiral complex in Jubail, located on Saudi Arabia’s eastern coast. JXTG has launched the feasibility study of the ENB plant in April 2020.
Resilient performance despite challenging market conditions.
The Saudi Arabian Oil Company today announced its full-year 2019 financial results.
Saudi Aramco announces that it received a directive from the Ministry of Energy to increase its maximum sustainable capacity.