Saudi Aramco Considers Investment Proposals From Sinopec and Total
Saudi Arabia's Aramco is currently evaluating investment proposals from refining major Sinopec Corp and French oil giant TotalEnergies, a source familiar with the matter revealed on Tuesday. The investment, worth a reported $10 billion, would be used for a shale gas development.
Investment plans may...
Saudi Prince Transfers Aramco Stake to Saudi Sovereign Wealth Fund
Saudi Arabia's Crown Prince Mohammed bin Salman announced on Sunday that a 4% stake in the nation's oil giant Saudi Aramco has been given to the Saudi Arabian Investment Co.; the kingdom's sovereign wealth fund. This move comes as the country seeks to diversify...