Prince Abdulaziz bin Salman met Deputy Prime Minister Alexander Novak on Thursday at the St. Petersburg International Economic Forum, a flagship conference that almost all Western officials and business executives are avoiding this year following Russia’s invasion of Ukraine.

Aramco announces first quarter 2022 results Net income: $39.5 billion (Q1 2021: $21.7 billion)

Both the companies will work together in areas of blue and green hydrogen and various clean energy initiatives, according to a statement.

Crude exports rose to 7.307 million b/d in February, the highest since the record 10.237 million b/d, from 6.996 million b/d in January, the JODI data published April 18 showed. Production climbed to 10.225 million b/d from 10.145 million b/d.

During the telephone conversation, bilateral relations between the two countries and ways of enhancing them in all fields in a way that achieves the interests of the two countries and their friendly peoples were discussed.

Saudi Arabia and Kuwait signed an agreement for the development plan of the Dorra gas field, called Arash by Iran, according to a statement by both countries on March 21.

The Saudi Arabian Oil Company (“Aramco” or “the Company”) announced its full-year 2021 financial results, reporting that net income more than doubled year-on-year to $110.0 billion. Aramco declared a fourth quarter dividend of $18.8 billion, to be paid in the first quarter of 2022.

Saudi Arabia and the United Kingdom signed a memorandum of understanding to establish a strategic partnership council. Earlier, Johnson met the Crown Prince of Abu Dhabi, Sheikh Mohamed bin Zayed Al-Nayhan, in Abu Dhabi.

But getting Saudi Arabia and the UAE to agree to pump more crude would require them to break a more-than-five-year partnership with Russia that has forged strong ties beyond oil — an uncertain prospect as they increasingly look eastward for political allies.

Saudi Arabia's national oil company Saudi Aramco has taken the final investment decision (FID) to participate in the development of a 300,000 bbl/d refinery in the city of Panjin, in China’s Liaoning Province.