saudiaramco
Saudi Aramco on Tuesday awarded engineering, procurement and construction (EPC) contracts worth $7.7 billion for a major expansion of its Fadhili Gas Plant in the Eastern Province of Saudi Arabia. Aramco awarded EPC contracts to Samsung Engineering Company, GS Engineering & Construction Corporation, and Nesma & Partners. The project is expected to increase the plant's processing capacity from 2.5 to up to 4 billion standard cubic feet per day (bscfd). The company said the expansion will contribute to the company's strategy to raise gas production by more than 60% by 2030, compared to 2021 leve...
DPA Breaking News
The world’s biggest oil company and Formula One (F1) have been accused of greenwashing, in new advertising complaints submitted to UK and Dutch regulators. Saudi Aramco has made “misleading environmental claims” about its fuels, according to complaints submitted by UK campaign groups New Weather Institute and Fossil Free Football, and Reclame Fossielvrij in the Netherlands. The oil company is 95 per cent owned by the Saudi Arabian state, and has an increasingly slick grip on the world of sport. Saudi Arabia's Public Investment Fund (PIF) bought UK football club Newcastle United in 2021, and Ar...
Euronews (English)
The Top 10 Biggest IPOs Of All TimeSaudi AramcoThe largest IPO of all time occurred in 2019 when Saudi Aramco oil company was floated. The offering generated over $25 billion in investment, beating the previous record holder by almost $4 billion. Saudi Arabian Oil Co (TADAWUL:2222)’s public market cap is almost $2 trillion – as of March 2023 – making it the third most valuable company in the world after technology giants Apple and Microsoft. AlibabaAlibaba Group Holding Ltd (NYSE:BABA) is a Chinese technology company founded by Jack Ma in 1999 which has gone on to become one of the most valuab...
ValueWalk
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