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Macroeconomic impact of the entire energy sector is estimated to represent 40 percent of the Kingdom’s GDP
The funds will create jobs, boost the economy, and enhance Serbia’s global standingÂ
Energy park seeks to contribute more than $6 billion to the Kingdom’s GDP annually and create up to 100,000 direct and indirect jobs
Issuance comes after Aramco raised $6 billion from its first bond issuance in three years in July
Aramco will fully fund the transaction which will increase its interest in MidOcean
Seasonally adjusted real GDP rose by 1.4 percent compared to the first quarter of 2024
The Fund highlighted resilient non-oil growth in the Kingdom, applauded record low unemployment
800+ development projects have been funded by SFD since inception
This funding will support the development, design, construction, and operation of the projects
Capital Maritime and Trading Corporation agreed to deliver the carriers to Bahri in multiple batches before the end of Q1 of 2025
ACWA Power expects the project's financial impact to be reflected during the second half of 2024 onwards
Aramco’s total production could rise from 12.9 million barrels per day in 2023 to 14.1 million barrels per day by financial year 2028
Nasser foresees resilient oil fundamentals despite price decline, sees demand growth of 1.6-2 million bpd
Aramco to become Petro Rabigh’s largest shareholder with an equity stake of around 60 percent
The issuance consists of three tranches of dollar-denominated senior unsecured notes under Aramco's global debt program
Crude oil production increased to 8.99 million bpd, reflecting a monthly rise of 0.08 percent
By 2025, the Kingdom is expected to account for 67 percent of the MENA region's total E&P expenditure
Data also showed that Saudi refineries' crude throughput fell in March by 0.115 million bpd to 2.560 million bpd
Deal aligns with Aramco’s strategy to expand its presence in key high-value markets like China
This represented a rise of 55,000 bpd or 0.61 percent compared to the previous month
The contract includes a mandatory and optional extension period of up to 18 months
This expansion initiative aims to enhance the plant's processing capacity from 2.5 to a potential 4 bscfd
Iraq and Nigeria lead reductions, maintaining OPEC's commitment to supply restraint
OPEC believes that the oil industry will need approximately $11.1 trillion by 2045
