Gas & Oil Pakistan In a significant move, Aramco, a global leader in integrated energy and chemicals, has formalized its intent to acquire a substantial 40% equity stake in Gas …
Saudi Aramco
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Economy
After Saudi Aramco, Prax Overseas is willing to buy Shell Pakistan Limited: ADK Securities managing the deal
Shell Pakistan ISLAMABAD: Prax Overseas Holdings Limited has announced its decision to acquire up to 77.42% of the issued and paid-up share capital and control of Shell Pakistan Limited. Earlier, …
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Economy
Saudi aramco announces $29.4 billion dividend for its shareholders
by Hamza Irshadby Hamza IrshadSaudi Aramco Saudi Aramco, the world’s largest oil exporter, is increasing its shareholder payout as it introduces a performance-linked dividend. The total payout, including the performance-linked component, will amount to …
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EconomyInternational
Pakistan’s oil Companies sign an MoU with Saudi Aramco to Collaborate on a $10 billion Refinery
by Hamza Irshadby Hamza IrshadISLAMABAD: Four leading Pakistani state-owned companies signed a memorandum of understanding (MoU) to collaborate on a $10 billion Greenfield Refinery project that will be jointly developed with Saudi Aramco at …
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Economy
Saudi Aramco to evaluate Pakistan’s offer to set up a deep conversion refinery in Hub as Govt offers 20-year tax holiday
by Hamza Irshadby Hamza IrshadISLAMABAD: Saudi Aramco is evaluating an offer of Pakistan to establish a deep conversion refinery. The project involves engineering, procurement, construction (EPC)-F mode. Saudi Arabia will build the project. Saudi Aramco …
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Economy
Saudi aramco establishing refinery in china in joint-venture with $10 billion investment
by Hamza Irshadby Hamza IrshadSaudi Aramco establishing refinery in china in joint-venture with $10 billion investment Saudi Arabia’s oil giant, Saudi Aramco, is taking another major leap forward this year. Saudi Aramco is going …
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Economy
Saudi oil giant Aramco earns record-breaking profit of $161 billion in 2022
by Hamza Irshadby Hamza IrshadSaudi oil giant Aramco leaves far behind Bill Gates, Jeff Bezos in earning profit. Aramco’s one-year profit is very close to the total wealth of Elon Musk (now $180 billion). …
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EconomyInternationalLatest Updates
Saudi Aramco becomes the richest company in the world amid record high oil/gas prices
by Umar Sohailby Umar SohailOil giant Saudi Aramco recently reported a 124% net profit surge for last year, hours after Yemeni rebels attacked its facilities causing a “temporary” drop in production.
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InternationalLatest Updates
Does Pak Really Need IMF: Oil City Gawadar Saudi $ 10 Bln Investment Coming
by Hamza Irshadby Hamza Irshad– Officials: Investment in Balochistan “could increase per capita income to $15,000 by 2025” – The $10 billion Aramco Oil Refinery is expected to take five to six years from …
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InternationalLatest Updates
Oil Is Power, Can Corrupt Absolutely: India to cut oil dependence on KSA
by Hamza Irshadby Hamza IrshadIndian refiners plan to cut imports from Saudi Arabia by about a quarter in May.