Saudi Arabia To Ramp Up Oil Investments In China As It Competes With Russia
August 7th, 2023
Via Middle East Eye, an article on Saudi Arabia’s plan to ramp up oil investments in China as it competes with Russia: Saudi Arabia’s state-owned oil company, Aramco, will plough ahead with new investments in China, despite posting a 38 percent drop in profit as lower oil prices and production cuts bite. Aramco announced on Monday […]
Read more »Saudi Aramco Acquires $3.4B Stake in a China Petrochemical Firm
July 21st, 2023
Via Al Monitor, a report that the world’s biggest oil exporter is making further inroads in China, Saudi Arabia’s top customer for crude: Saudi Aramco has acquired a 10% stake in China’s Rongsheng Petrochemical Co. Ltd. for 24.6 billion renminbi ($3.4 billion), through its subsidiary Aramco Overseas Company BV, based in the Netherlands, the world’s biggest […]
Read more »Saudi Aramco Bets On Being The Last Oil Major Standing
January 17th, 2023
Courtesy of The Financial Times, an article on how – while some western energy companies prepare for a future less reliant on fossil fuels – Saudi Aramco, the world’s biggest supplier is doubling down: In Abqaiq, the biggest oil processing facility on the planet, there is no sense the world may be coming to the […]
Read more »Saudi Aramco Leads Riyadh’s $30bn Investment Push Into South Korea
November 18th, 2022
Courtesy of The Financial Times, a report on deals announced by Saudi Arabia as Crown Prince Mohammed bin Salman visited Seoul recently: Saudi Aramco has announced a $7bn investment in a petrochemical factory in South Korea, as part of a $30bn package of agreements between Riyadh and Seoul as Crown Prince Mohammed bin Salman forges […]
Read more »Saudi Arabia’s Booming and This Time It Isn’t Only About Oil
August 22nd, 2022
Via Bloomberg, an article on the Kingdom’s economy, which is the fastest growing in the Group of 20: The more than 300 apartments in Almajdiah Residence’s new Riyadh complex sold in just a month for cash, without the company even having to advertise. This is Saudi Arabia, the world’s biggest exporter of oil, so it’s […]
Read more »State-Run Oil Giants Will Make or Break The Energy Transition
July 26th, 2022
Courtesy of The Economist, a report on how state-run oil giants will make or break the energy transition: Climate activists love to vilify ExxonMobil and Shell. These and other private-sector energy companies have been on the receiving end of proxy battles, legal challenges and other forms of pressure to force them to dump oil and […]
Read more »Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.