News
21 March 2022

Saudi Arabia hikes oil investments as it profits from price surge

In:
Oil & gas
Region:
Middle East & Africa

Saudi Arabia's state oil company Aramco, under pressure from the West to boost output amid soaring prices, has pledged to hike investments by around 50% this year as it reported a doubling in 2021 profits.Oil prices leapt 50% last year as demand recovered from the COVID-19 pandemic, and then...

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

You might also like


Video
30 July 2026

Imagro's Pollio talks Sace and supplier credits

Massimo Pollio, CEO of Imagro, evangelises about the potential for supplier credits for European growth, financing Egyptian rail infrastructure, working with Sace using its...

Perspective
30 July 2026

Delfin FLNG: Next-level floating liquefaction

Delfin Midstream has assembled more than $5bn of strategic equity, bank debt, private credit and secured notes for the first offshore floating LNG export facility in the US....