Saudi Aramco reports fall in profits though advances with plans for LNG and domestic natural gas projects
Saudi Arabian Oil Company (Saudi Aramco), the largest oil exporter, posted a 25 percent plunge in annual profits, though still increased its dividend for investors and outlined its plans to investment more in LNG and in domestic natural gas output.
Saudi Aramco reports fall in profits amid advances in domestic natural gas projects as strategic priority
Saudi Arabian Oil Company (Saudi Aramco), the largest oil exporter, reported lower first-quarter net income while free cash flow from operating activities edged higher and advances were made on more domestic natural gas production as a Saudi strategic priority.
Largest oil exporter Saudi Aramco posts record profits and to have first underground natural gas storage
Saudi Arabian Oil Company (Saudi Aramco), the largest oil exporter, increased its annual net income to $161.1 billion on stronger crude oil prices, higher volumes sold, improved margins for refined products and as the company strengthens natural gas production capacity and has built its first underground gas storage.
Saudi Aramco’s Hawiyah Unayzah Gas Reservoir Storage advances with Dutch firm winning contract
A heavy-lifting, transportation and installation contract has been awarded to privately held Dutch company Mammoet for Saudi Aramco’s natural gas storage and gas resources management project, the Aramco Hawiyah Unayzah Gas Reservoir Storage venture, located 260 kilometres (160 miles) east of Saudi Arabia's capital Riyadh.
