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Recent stories from sustg
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Saudi Arabia’s Gas Production Hits All-Time High as Push Into Sector Pays Off
- November 4,2020
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- SUSTG Team
Saudi Arabia’s heavy investments to expand natural gas production in recent years is paying off in the form of record production of the fuel, according to Bloomberg, which cited latest figures from Saudi Aramco’s third-quarter results released on Tuesday.
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Saudi Arabia’s MoFA Issues Statement Condemning Terrorist Attack in Nice, France
- October 29,2020
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- SUSTG Team
Saudi Arabia’s Ministry of Foreign Affairs issued a statement strongly condemning the terrorist attack that occurred near the Notre Dame church in Nice, France, where three people were killed in a knife attack Thursday morning.
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Road to the G20: This Week’s Meetings Include Youth-Focused Y20, Finance Meetings
- October 12,2020
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- SUSTG Team
SUSTG is covering the events and meetings taking place in the run up to the G20 in November as part of our “Road to the G20” series of posts and featured items. This week, Saudi Arabia will host the Y20 youth-focused group, as well as finance-focused meetings.
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Virginia-Based SAIC Wins $49.5 Million U.S. Navy Contract for Royal Saudi Naval Forces
- October 9,2020
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- SUSTG Team
The U.S. Navy awarded Reston-based Science Applications International Corp. (SAIC) a $49.5 million single-award task order to continue to provide the Royal Saudi Naval Forces support services for command, control, communications, computers, and intelligence, surveillance and reconnaissance (C4ISR) upgrade and refurbishment, a press release issued by the company confirms.
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Saudi Leaders Pay Tribute to Late Emir of Kuwait Sheikh Sabah Al-Ahmad Al-Sabah
- September 30,2020
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- SUSTG Team
Saudi leaders expressed their tributes and condolences to the people of Kuwait following the passing of the Gulf nation’s emir, Sheikh Sabah al-Ahmad al-Sabah, who died at the age of 91.
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Kingdom’s Flagship Carrier Saudia Airlines is a Top Brand in Saudi Arabia, YouGov BrandIndex Finds
- September 23,2020
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- SUSTG Team
Saudi Arabia’s flagship carrier Saudia is atop of a newly-released brand popularity survey of the Kingdom from global polling firm YouGov.
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Saudi Arabia Sternly Condemns OPEC+ Production Quota Cheaters in Meeting
- September 17,2020
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- SUSTG Team
Saudi Arabia’s energy minister Prince Abdulaziz bin Salman scolded members of a key OPEC+ panel about cheating on oil production quotas, but did not name countries by name, according to reports.
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A First Look at the Saudi PIF-Backed Lucid Air, Set to Challenge Tesla’s Market Dominance
- September 10,2020
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- SUSTG Team
Lucid Motors, backed by $1 billion from Saudi Arabia’s Public Investment Fund (PIF), unveiled its first vehicle, the Lucid Air electric sedan, at a virtual event from the company’s Silicon Valley headquarters.
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Bechtel Taps Former U.S. Ambassador to Bahrain as New President for Europe, Middle East Region
- August 19,2020
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- SUSTG Team
U.S.-based construction giant Bechtel announced a new president for Europe and the Middle East, appointing former U.S. Ambassador to Bahrain Justin Siberell as president for the Europe and the Middle East region, the company said in a press release.
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Saudi Youth, in Numbers: Kingdom’s Government Releases Data for International Youth Day 2020
- August 11,2020
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- SUSTG Team
Saudi Arabia’s General Authority for Statistics released a new report on Saudi youth with fresh data on the Kingdom’s large young generation entitled Saudi Youth in Numbers.
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MUST-READS
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Saudi Aramco IPOSaudi Aramco’s value at risk from climate change policies
The valuation of Saudi Aramco, which is planning its initial public offering for next year, could be greatly cut by policies to address the threat of global warming, an environmental campaign group has warned.
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Saudi Aramco IPOExclusive: Saudi Arabia favours New York for Aramco listing despite risks – sources
Prince Mohammad may choose to list Aramco on the New York Stock Exchange (NYSE) for "political considerations", given the longstanding relationship between Riyadh and Washington, the sources said. However, they added that financial and commercial factors would also play a role in the choice.
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Saudi AramcoSaudi Aramco In Talks To Buy $2B Stake In PetroChina Refinery
Saudi Aramco is negotiating a deal to buy a stake of more than 30 percent in a 260,000-bpd refinery in China owned by state firm PetroChina, in a transaction valued at up to US$2 billion
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Energy SubsidiesSaudi Aramco IPO pits foreign investors against Saudi citizens
For would-be subscribers to Saudi Arabia's forthcoming IPO, the national oil company’s huge subsidy burden is emerging as a major bone of contention.
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King Salman International Complex for Maritime Industries and ServicesSaudi Aramco pens dredging deal for giant maritime complex
Oil giant Saudi Aramco has signed contracts that will mark the start of works on what is going to be the giant maritime complex known as King Salman International Complex for Maritime Industries and Services in Ras Al-Khair.
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Aramco FilmsSaudi Aramco – Era of Discovery (1984)
A 1984 documentary about the early history of Saudi Aramco, from the arrival of the first geologists in 1933 to the export of the first oil in 1938.
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Saudi AramcoSaudi Aramco Book, Above the Oil Fields
Ayesha Malik was born half a mile from Dammam well No. 7—the well that started the Saudi oil industry in 1938. She was raised among some of the world's largest oil fields and refineries. Yet her home was an oasis within the kingdom: the 22.5 square-mile gated community created to house employees of the state-owned company that's known today as Saudi Aramco.
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NYSENew York wants Saudi Aramco and other Gulf IPOs: Top NYSE official
“We’re talking more now with Middle East chief executives than we were a year ago. If there is going to be a wave of IPOs here we want to explain that there are alternatives around the world. If there’s a planned listing anywhere in the world, we want to be part of that conversation,” he said in an exclusive interview with Arab News.
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PetrochemicalsHow America Is Taking the Wind Out of Saudi Aramco’s IPO
Fracking’s effect on American oil and gas production is common knowledge at this point, but some of its impact on the petrochemical industry remains underreported. Oil and gas drilling also produces liquid hydrocarbons that can be used as feedstock for companies like Dow Chemical, and the shale revolution has kicked off a mini-boom in that industry, with $185 billion in new projects currently in the works.
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Saudi Aramco IPOSaudi Aramco IPO Pits London Against New York
The Saudis and their advisers want to pick a foreign exchange or exchanges with similar listing and regulatory requirements to the Riyadh bourse, to avoid large deviations in pricing between the markets, according to other people familiar with the situation.
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