Aramco

Saudi Aramco Announces Second-Highest Profits on Record for 2023

Saudi Arabia’s national oil company, Aramco, on Sunday reported near-record profits of $121 billion in 2023. The eye-catching total might seem a bit surprising given media narratives that fossil fuels are on the way out, but Aramco found demand for oil stronger than ever, albeit distributed somewhat differently than in years past.

Prince Abdulaziz bin Salman, Saudi Arabia's energy minister, left, and Amin Nasser, c

Saudi Arabia’s GDP Tops $1 Trillion as Oil Prices Surge

Saudi Arabia announced this weekend that its gross domestic product had crossed the threshold of $1 trillion for the first time in its history, a milestone reached with the aid of high global oil prices and heavy government investment in tourism and entertainment.

Amin Nasser, the chairman and CEO of the state-run oil giant Saudi Aramco, speaks to journ

Saudi Oil Giant Aramco to Build Refinery in China

Saudi Arabia’s state oil company Aramco announced on Sunday that it has signed a deal with Chinese analog China Petroleum and Chemical Corporation (Sinopec) to build an oil refinery in southeast Fujian province, helping secure a stable and affordable supply of gasoline and other fuels in China.

In this photo made available by Saudi Press Agency, SPA, Saudi Crown Prince and Prime Mini

Saudis Warn Global Oil Supply in Jeopardy over Iran-Backed Houthi Attacks

Amin Nasser, CEO of Saudi Arabia’s national oil company Aramco, said on Monday that the world had better begin paying close attention to the relentless terrorist attacks on Saudi oil facilities launched by the Iran-backed Houthi insurgents of Yemen, because Houthi mischief could make it difficult for the Saudis to increase oil shipments in response to global demand.

Houthis White House - Armed Houthi fighters attend the funeral procession of Houthi rebel