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Tariff-triggered oil slump could deepen Saudi budget strain
Lower oil revenues could prompt deeper budget cuts, fresh debt issuance, and reprioritization of Vision 2030 projects
Aramco, Sinopec move ahead with Yasref petrochemical expansion. PLUS: Oil, gas fields discovered in Eastern Province, Empty Quarter
The move looks to increase Yasref’s potential
Ades Holding secures 10-year renewal contract for offshore drilling
The total backlog value for the resumption is estimated at nearly SAR 1.1 bn
Aramco snaps up a 50% stake in Blue Hydrogen Industrial Gases
The JV will use Aramco’s hub in Jubail to commence commercial production
Aramco is actively exploring more investments in China + Othaim Investment is planning for an IPO this year
PLUS: Global energy demand grew 2.2% last year
Aramco, Siemens Energy launch the Kingdom’s first Direct Air Capture test unit
PLUS: Jabal Omar finalizes SAR 1.14 bn land sale
Aramco reportedly acquires Primax, expands into Peru’s fuel market
The transaction is valued at USD 3.5 bn
Sipchem’s net income down 63.7% in 2024 + a flurry of full-year earnings
PLUS: Sipchem saw its net income drop 63.7%
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