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...

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