The cancellation of expanding the maximum sustainable oil production capacity to 13 million b/d by 2027 from 12 million b/d means Aramco will reduce its capital expenditure by about $40 billion over 2024-2028, the company said in a statement. Capital expenditure is estimated at $48 billion ...
Aramco also reported a decline in the free cash flow to 78.3 billion dollars in 2019 from 85.8 billion dollars in 2018 mainly because of the lower income after being offset by lower capital expenditure, which stood at 32.8 billion dollars in 2019, and favorable working capital movements. The ...
“Aramco is adapting to the highly complex and rapidly changing business environment,” the firm said in a statement. “We are not providing information regarding the details of any action at this time, but all our actions are designed to provide us more agility, resilience and competitiveness, ...
PARIS: French energy major Total said its joint $5 billion petrochemical project with Saudi Aramco in the Saudi city of Jubail will not be hit by planned cuts in investment, although the partners were focused on controlling costs. Total, like other oil c
4 Includes investment in oil sector, majority of which is assumed to be conducted or funded by Saudi Aramco, which is fully government-owned. NOTE: Numbers may not sum due to rounding. SOURCE: Central Department of Statistics and ...
Saudi Aramco, which in the past has been tasked with delivering multi-billion dollar social infrastructure projects such as King Abdullah University of Science and Technology (Kaust) and King Abdullah Petroleum Studies and Research Centre, has made a similar move. ...
Aramco Capital Expenditure Aramco Chemical Abstract Service Aramco Control Building Aramco Commodity Classification Code Aramco Common Class Expansion Indices Aramco International Radio Cosulative Committee Aramco Common Channel Interoffice Signalling Aramco Catalog Classification Number Aramco Current Cost Outlook ...
Saudi Arabia’s state oil company plans to cut capital expenditure to $25 billion or less next year, about half the amount it was originally planning, according to people familiar with the matter. Saudi Aramco may keep capex, most of which is spent on exploration and production, at a simila...
ARAMCO - another move to increase revenue and outside investment. The government has also looked at privatization and diversification of the economy more closely in the wake of a diminished oil market. Historically, Saudi Arabia has focused diversification efforts on power generation, telecommunications...