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


Perspective
02 June 2026

ECA market mourns untimely loss of industry giant Vineyesh...

The global export credit agency and project finance community is mourning the untimely passing of Vineyesh “Vinny” Sawhney, Senior Vice President of Reliance Industries, who...

Perspective
04 June 2026

A boom in sustainable export finance - on a smaller base

TXF Intelligence’s sixth Sustainability in Export Finance Data Report shows sustainable export finance reached its highest recorded volume in 2025. But those figures came from...