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2022-03-03 14:10:00

SAUDI ARAMCO $2.3 TLN

SAUDI ARAMCO $2.3 TLN

AN - March 02, 2022 -  Shares in oil giant Aramco touched the highest level in its history of SR43.1 ($11.5) on Wednesday, propelled by a rally in the energy market.

This brought the oil giant’s market value to as much as $2.3 trillion, positioning it as the second-largest valued company worldwide after Apple Inc.

The shares have been trading at record levels for few times recently, breaking a new record every few days.

At 11:48 a.m., shares slightly retreated to SR42.85, having jumped 3.38 percent during the day.

Oil prices rose significantly ahead of the OPEC+ meeting –where the Organization of the Petroleum Exporting Countries members and its allies will convene to discuss oil output.

Brent crude topped $111 during Wednesday Trading, after settling at $105 a day earlier, and US benchmark WTI neared $110 per barrel as of 11:44 a.m. Saudi time.

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Earlier:

SAUDI ARAMCO $2.3 TLN
2022, February, 28, 13:00:00
ARAMCO INVESTMENT DEAL $15.5 BLN
The consortium has acquired 49% stake in Aramco Gas Pipelines Company, a subsidiary of Aramco, for $15.5 billion.
SAUDI ARAMCO $2.3 TLN
2022, February, 9, 12:20:00
SAUDI ARABIA'S PRODUCTION CAPACITY 13.5 MBD
We are targeting our production capacity to become 13.4, 13.5 million barrels a day by 2027.
SAUDI ARAMCO $2.3 TLN
2022, February, 1, 14:25:00
SAUDI ARABIA'S NEOM $500 BLN
Neom, which will be built along Saudi Arabia's borders with Jordan and just across the narrow Strait of Aqaba from Egypt's Sinai Peninsula, is a linchpin of the world's largest oil exporter's plans to diversify its fossil fuels-dominated economy.
SAUDI ARAMCO $2.3 TLN
2022, January, 21, 10:45:00
SAUDI ARABIA'S HYDROGEN
Private sector firms in Saudi Arabia will be encouraged to import hydrogen-powered vehicles as part of the Kingdom's green iniative
SAUDI ARAMCO $2.3 TLN
2022, January, 13, 13:50:00
SAUDI ARABIA RENEWABLES 15 GW
Saudi Arabia plans to generate 15109 gigawatt hours of electricity from renewable sources by 2024, supplying 692,557 houses with energy, the Kingdom's Gastat said on its website.
SAUDI ARAMCO $2.3 TLN
2021, December, 13, 12:35:00
SAUDI ARABIA, KUWAIT OIL PRODUCTION RISE
The Neutral Zone fields, which lie in onshore and offshore territory shared by Saudi Arabia and Kuwait at their border, were offline for more than four years until 2020, due to a political dispute that was resolved with a signing of an agreement in December 2019.
SAUDI ARAMCO $2.3 TLN
2021, December, 7, 17:55:00
ARAMCO GAS PIPELINE DEAL $15.5 BLN
Aramco Gas Pipelines Co. will lease usage rights in its parent company's gas pipelines network and lease them back to Aramco for a 20-year period.
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Tags: SAUDI, ARAMCO
Chronicle:
SAUDI ARAMCO $2.3 TLN
2022, May, 27, 12:14:00
WORLD GAS CONFERENCE 2022
The 28th World Gas Conference (WGC 2022) takes place in Daegu, the energy city of Korea in May 2022.
SAUDI ARAMCO $2.3 TLN
2022, May, 27, 12:13:00
6TH ANNUAL LNG SUMMIT USA
The 6th Edition of Wisdom’s Much Acclaimed Annual LNG Summit Will Be Held Live in Houston - PREPARING THE INDUSTRY FOR THE RISE IN DEMAND FOR LNG
SAUDI ARAMCO $2.3 TLN
2022, May, 27, 12:10:00
ЭНЕРГОРЕСУРСЫ ДЛЯ ЕАЭС
Николай Шульгинов подчеркнул, что для обеспечения энергетической безопасности энергосистем Центральной Азии необходима совместная разработка мер нормативного, организационного и технического характера.
SAUDI ARAMCO $2.3 TLN
2022, May, 27, 12:05:00
UAE, INDIA ENERGY COOPERATION
The UAE’s expanded cooperation with India in the area of climate aims to support India’s ambition to achieve 450 gigawatts (GW) of renewable energy installed capacity by 2030 and aligns with the UAE’s ambitions to expand its low and zero-carbon energy capabilities.
SAUDI ARAMCO $2.3 TLN
2022, May, 27, 12:00:00
U.S. OIL INVENTORIES DOWN BY 1.0 MB TO 419.8 MB
U.S. commercial crude oil inventories decreased by 1.0 million barrels to 419.8 million barrels.
SAUDI ARAMCO $2.3 TLN
2022, May, 26, 12:40:00
OIL PRICE: BRENT ABOVE $114, WTI NEAR $111
Brent gained 47 cents, or 0.41%, to $114.50 a barrel , WTI climbed 53 cents, or 0.48%, to $110.86 a barrel.
SAUDI ARAMCO $2.3 TLN
2022, May, 26, 12:35:00
ВЗАИМОДЕЙСТВИЕ РОССИИ, ИРАНА
Важную роль в развитии двусторонних отношений играют флагманские проекты сотрудничества, продолжил вице-премьер, такие как строительство атомной электростанции «Бушер» и теплоэлектростанции «Сирик».
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