Please wait...
GulfBase Live Support
- Tourism to match oil as biggest contributor to Saudi Arabia's economy by 2030, minister says
- Bechtel wins deal to develop 3 new terminals at Riyadh airport
- NBB reports highest quarterly profit of $74.5m
- Air Arabia reports strong Q1 with $96.6m net profit, up 34%
- Al-Ahli Bank of Kuwait Group holds Q1 2025 analyst conference call
- Boursa Kuwait, KCC promote Kuwaiti capital market to London's leading asset managers
- New partnership between Oman Flour Mills & Elevatus brings AI-powered hiring to the food industry
- Doha emerges as global epicenter for fintech, insurtech innovation as MENA summits conclude
- QSE index closes 0.22 percent lower
- Mazoon Mining inks contracts for Yanqul Copper Project
14/05/2025 03:55 AST
Saudi Aramco will sign on Tuesday memoranda of understanding with US liquefied natural gas producer NextDecade and utility firm Sempra , Aramco's chief executive said, as the oil giant expands in the LNG market.
"The US today, in terms of gas, is almost 100 billion (dollars) in sales ... and it is continuously increasing," Aramco's CEO Amin Nasser told the US-Saudi Investment Forum in Riyadh.
"The US is really a good place to put our investment," he added, noting that under the MoUs Sempra and NextDecade would supply around 6.2 million tonnes of LNG to Aramco.
The US is already the world's largest exporter of LNG and producers have plans in place that would double capacity in coming years.
NextDecade last month signed a deal with a subsidiary of Aramco, which is seeking to become a big player in the LNG market, under which the US firm will supply the superchilled gas from its Rio Grande facility for 20 years.
"We do have other investments. So we're looking at, by 2030, almost seven and a half million tons of LNG," Nasser noted, speaking of expansion plans.
Nasser also said that one of the investments that Aramco plans to sign on Tuesday involved an expansion of the Motiva Port Arthur's refinery in the US, noting the oil giant would invest $3.4 billion in the refinery.
Arab News
06/05/2025
Saudi Aramco has increased its official selling price for crude oil destined for Asia in June, ending a two-month streak of price cuts, the company confirmed in an official statement on Sunday.
<
Arab News
29/04/2025
China's state-run Sinopec said on Monday it had signed an agreement with a unit of Saudi Aramco to establish a joint venture company aimed at operating ports, transporting crude oil, and providing ot
Asharq Al Awsat
21/04/2025
Saudi energy major Aramco and Chinese electric vehicle manufacturer BYD have signed a joint development agreement to explore advancements in new energy vehicle technologies.
The partnership
Arab News
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| ABAR | 154.00 | 5.00 (3.35 |
| ADNOCGAS | 3.26 | -0.01 (-0.31 |
| ADNOCDRILL | 5.34 | -0.12 (-2.20 |
| BAHRI | 30.35 | 0.45 (1.50 |
| ADES | 14.90 | 0.04 (0.26 |
14/05/2025
National Bank of Bahrain (NBB) has reported a 2% year-on-year increase in net profit attributable to shareholders reaching BD28.1 million ($74.5 million) for the first quarter ended 31 March 2025, co
Trade Arabia
14/05/2025
Air Arabia, the first and largest low-cost carrier (LCC) operator in the Middle East and North Africa, has reported a strong first quarter of 2025 financial and operational results, as the airline co
Trade Arabia
14/05/2025
Al-Ahli Bank of Kuwait (ABK) recently hosted its Q1 2025 analyst conference attended by Abdulla Al-Sumait, Acting Group Chief Executive Officer; Shiamak Soonawalla, Group Chief Finance Officer; Abdul
Kuwait Times
14/05/2025
Oman Flour Mills (OFM), one of the leading national companies in the food manufacturing sector, has announced a strategic partnership with Elevatus, the award-winning provider of AI-powered recruitme
Times of Oman
13/05/2025
Advanced Technology Company (ATC), the leading provider of comprehensive healthcare and environmental solutions for both the public and private sectors, held its Annual and Extraordinary General Asse
Kuwait Times
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia