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  • Surplus Oil Capacity to Shrink With Increasing Flights, Saudi Aramco Warns

    Spare capacity in the oil market will shrink significantly next year as travel rebounds and due to a lack of investment among producers, according to Saudi Aramco. Surplus capacity is the equivalent of 3 million to 4 million barrels a day and will drop as demand for jet fuel increases, Chief Executive Officer Amin Nasser said.

  • Lydia Ko fires closing 65 to claim five-shot win at Aramco Saudi Ladies International

    After equalling the course record with a 63 on Saturday to open up a four-stroke advantage, Ko's march to the title was rarely in doubt as she closed with a classy final-round 65 to post a winning score of 23 under par.

  • Aramco Chairman: Saudi-U.S. relations at ‘dawn of a new era’

    “We’re moving from a relationship based on oil to a partnership based on the supply of clean energy in all its forms, a growing trade in materials, a growing exchange of ideas, a partnership based not on resource extraction, but on long-term value creation,” he said.

  • Saudi Aramco testing mix of renewables, carbon emissions to produce jet fuel, gasoline

    "Those are pilot projects but eventually if successful and the market accepts it, we can scale it up," Khowaiter said. The CO2 used is captured from operations such as cement plants or from the air, he said. Aramco has been capturing carbon emissions since 2015, at an average of 500,000-600,000 mt/year out of global capture of 37 million-40 million mt/year, he said. Carbon sequestration is part of the kingdom's circular carbon economy that aims to curb emissions by reusing them instead of releasing them into the air.

  • Saudi Aramco plans new green hydrogen, ammonia project

    State-controlled energy giant Saudi Aramco has signed an initial agreement to build a new green hydrogen and ammonia plant with Hong Kong-based green hydrogen developer InterContinental Energy, as it tries to bring private investment into the sector. The agreement also includes Saudi firm Modern Industrial Investment Holding, Aramco said today. No other details such as the size or location of the project were revealed.

  • Saudi Aramco Pledges to Reach Net-Zero Emissions by 2050

    The pledge applies to emissions from the company’s own operations or from the generation of power and heat to its assets, classified as Scope 1 and Scope 2. It doesn’t apply to Scope 3, which are generated by customers burning its fuels and make up more than 80% of the company’s total emissions.

  • Saudi Aramco boss warns not to ‘demonise’ hydrocarbon industry despite global push to hit climate targets

    "We need a holistic policy that takes into consideration energy, reliability, affordability, and energy security, so that we can avoid a global economic crisis due to lack of supplies. Advertisement "This is going to continue for decades. Hydrocarbon will be part of the energy mix for decades to come."

  • Saudi Aramco eyes tie-ups across energy value chain

    “As you know, Aramco is significantly strengthening its downstream business, to better complement our long-standing pre-eminence in upstream. And chemicals, especially, offer us a strategic opportunity," he said.

  • Saudi women’s journey at Aramco

    Najat al-Husseini, the first Saudi woman to work at Aramco, had to get special permission from the late King Faisal bin Abdulaziz to get the job, as “there were no laws for the employment of Saudi women at that time, but she proved herself through discipline and professionalism at work, especially as she was the only Saudi woman among American female colleagues working in the secretarial and health sectors,” as her brother Sadad al-Husseini told Al Arabiya.net.

  • Morgan Stanley banker who advised on Aramco IPO to join Saudi Fransi Capital-source

    Motaz Alangari, who is based in Riyadh, is leaving the Wall Street Bank after more than five years leading its Saudi investment banking business, according to a Morgan Stanley memo seen by Reuters. He will join Saudi Fransi Capital as head of the investment banking team, said a source familiar with the matter, who declined to be named as the matter is not public. A spokesperson for Morgan Stanley declined to comment.