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Oil crisis portends chaos on global economy__ Aramco CEO
Ziggy Ojiegbe The Chief Executive Officer of Saudi Aramco, Amin Nasser, has warned that continued disruptions to global energy supply could have “catastrophic” consequences for the world economy as tensions in the Middle East escalate. Speaking to analysts and investors…
Saudi Aramco targets $50 billion from shares
Saudi Aramco is considering selling a stake worth as much as $50 billion through a secondary share offering on the Riyadh bourse after consultations with advisers, the Wall Street Journal reported. The sale could happen before the end of the…
Saudi Aramco leads world’s natural resource giants into 2023
Sopuruchi Onwuka With market capitalization of some $1.8 trillion, the national oil company of Saudi Arabia, Aramco, stands as the world’s biggest natural resource company in the world. The company which sits on estimated reserves base of 270 billion barrels…
Aramco, 5 oil majors post $110.9 bn Q2 profit
Sopuruchi Onwuka Five multinational oil majors and one international national oil firm jointly posted whopping $110.9 billion profit in second quarter of the year, amplifying the role of the companies in meeting ever rising global energy demand. The record profit…
