Aramco aka Saudi Arabian Oil Company TADAWUL RIJAD: 2222 największa firma naftowa świata z Arabii Saudyjskiej

[slayer74]

Wojna na Ukrainie przyczyniła się do rekordowych zysków Aramco

Saudyjski koncern naftowy Aramco odnotował w pierwszym półroczu 2022 r. rekordowe zyski: blisko 88 mld dol. Przychód wzrósł o 90 proc. w porównaniu z analogicznym okresem ubiegłego roku - podała w niedzielę firma. Wzrost cen ropy, który wywindował dochody firmy, jest skutkiem wojny na Ukrainie.

Ceny ropy na całym świecie utrzymują się na bardzo wysokim poziomie, a na wyjątkowo dobre wyniki Aramco wpłynął też znaczny wzrost popytu na saudyjski surowiec - wyjaśnił prezes koncernu Amin Nasser.

https://www.pb.pl/wojna-na-ukrainie-prz ... co-1158501
https://www.money.pl/gospodarka/saudowi ... 8880a.html

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Szef Aramco: wolne moce produkcyjne za niskie by pokryć popyt na ropę

https://www.pb.pl/szef-aramco-wolne-moc ... pe-1165578

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Eksport ropy naftowej z Arabii Saudyjskiej wzrósł we wrześniu czwarty miesiąc z rzędu do najwyższego poziomu od 29 miesięcy, wynika z danych Joint Organization Data Initiative – podaje agencja Reutersa.

https://www.pb.pl/eksport-saudyjskiej-r ... cy-1169717

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Sprzedaż ropy, głównego towaru eksportowego Arabii Saudyjskiej przyniosła we wrześniu najmniejsze przychody od siedmiu miesięcy. To skutek niższych notowań surowca, informuje Bloomberg.

https://www.pb.pl/spadly-przychody-arab ... py-1170306

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Nielegalna transakcja? Nowe doniesienia "GW"

Transakcja polegająca na sprzedaży przez Orlen części Lotosu spółce Saudi Aramco mogła odbyć się z naruszeniem Ustawy o kontroli niektórych inwestycji - podała "Gazeta Wyborcza". Z ustaleń dziennikarzy wynika, że służbom specjalnym nie pozwolono ocenić, czy transakcja zagraża bezpieczeństwu Polski, mimo że saudyjski koncern współpracuje z Rosją. Do sprawy odniosło się biuro prasowe Orlenu.

18 listopada portal Business Insider poinformował, że z umowy na kupno udziałów w Lotosie (Rafineria Gdańska) z Saudi Aramco zniknęły dwie istotne klauzule: zapis zakazujący Saudyjczykom przez trzy lata sprzedaży udziałów nabytych w dawnym biznesie Lotosu oraz klauzula dająca Orlenowi prawo do ich pierwokupu.

"Po sfinalizowaniu transakcji Saudi Aramco będzie mógł natychmiast sprzedać udziały innemu inwestorowi" - podkreślono w artykule.

Na doniesienia zareagował Orlen, który oświadczył, że przejęty przez Saudyjczyków majątek jest chroniony polskim prawem. Podobne zapewnienia napłynęły szybko ze strony Ministerstwa Aktywów Państwowych (MAP) Jacka Sasina, które nadzoruje spółki skarbu państwa.
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https://www.msn.com/pl-pl/wiadomosci/po ... 0f911884cc

[slayer74]

Zysk Aramco sięgnął rekordowych 161 mld USD

Saudyjski koncern naftowy Aramco odnotował rekordowe zyski za rok 2022: 161,1 mld dol. Przychód wzrósł o 46 proc. w porównaniu z analogicznym okresem 2021 roku - podała w niedzielę firma. Wzrost sprzedaży i cen ropy, który wywindował dochody firmy, są pochodną wojny na Ukrainie.

https://www.pb.pl/zysk-aramco-siegnal-r ... sd-1179870

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SINGAPORE (Reuters) -Saudi Aramco raised its multi-billion dollar investment in China by finalising and upgrading a planned joint venture in northeast China and acquiring an expanded stake in a privately controlled petrochemical group.

The two deals, announced separately on Sunday and Monday, would see Aramco supplying the two Chinese companies with a combined 690,000 barrels a day of crude oil, bolstering its rank as China's top provider of the commodity.

Aramco said on Monday it had agreed to acquire a 10% stake in privately controlled Rongsheng Petrochemical Co Ltd for about $3.6 billion.

The deal includes the supply of 480,000 bpd of crude oil to Rongsheng-controlled Zhejiang Petrochemical Corp (ZPC) for 20 years, Aramco added.

It follows a preliminary agreement Aramco reached with the Zhejiang provincial government in 2018 for a 9% stake in ZPC.

The deals are the biggest to be announced since Chinese President Xi Jinping visited the kingdom in December where he called for oil trade in yuan, a move that would weaken the U.S. dollar's dominance in global trade.

Aramco's investments highlight Riyadh's deepening ties with Beijing which have raised security concerns in Washington, Riyadh's traditional ally.

In a deal brokered by China, Iran and Saudi Arabia agreed to re-establish relations earlier this month after years of hostility that had fuelled conflicts across the region.

Beijing's secret role in the breakthrough shook up dynamics in the Middle East, where the United States was for decades the main dealmaker.

Saudi Arabia and other Gulf states like the United Arab Emirates have said that they would not choose sides amid an increased polarisation of global politics, and they were diversifying partners to serve national economic and security interests.

The deal also highlights growing competition between Saudi Arabia and its ally Russia in crude supplies to China.

Western sanctions on Moscow over its war in Ukraine forced Russia to divert its oil away from Europe and to sell it at steep discounts to other markets, including China.

Russia unseated Saudi Arabia as China's top oil supplier in the first two months of the year.

Aramco is already selling crude to the east China plant which operates an 800,000-bpd refinery, the single largest in China, under sales agreements renewed annually.

The Rongsheng deal comes on the heels of Aramco's agreement with Chinese partners on Sunday for an oil refinery and petrochemical project in the northeast Chinese province of Liaoning that is expected to start in 2026 to meet the country's growing demand for fuel and chemicals.

The Liaoning project, in the city of Panjin, will be Aramco's second major refining-petrochemical investment in China and follows the world's top oil exporter reporting a record profit of $161 billion in 2022.

Joint venture Huajin Aramco Petrochemical Company (HAPCO) will build and operate the Panjin complex that will house a 300,000 barrels per day (bpd) oil refinery and a cracker with annual production capacity of 1.65 million tonnes of ethylene and 2 million tonnes of paraxylene, Aramco said in a statement.

UPGRADE

The Liaoning province project is expected to cost 83.7 billion yuan ($12.2 billion), partner Panjin Xicheng Industrial Group said in a statement on Sunday.

It is an upgrade from the joint venture's plan announced in early 2022 to build a $10 billion plant that includes a 1.5 million tpy ethylene alongside the 300,000-bpd refinery.

Construction at the Panjin complex will start in the second quarter after the project secures the required administrative approvals, Aramco said. The plant is expected to be fully operational by 2026, it added.

Aramco will supply up to 210,000 bpd of crude oil as feedstock for the plant.

State-owned NORINCO Group, a Chinese military equipment maker, owns 51% of HAPCO while Aramco and Panjin Xincheng hold stakes of 30% and 19%, respectively.

Separately, Aramco on Sunday signed a memorandum of understanding with the southern Chinese province of Guangdong to explore cooperation in sectors including energy, finance, research and innovations, according to a post on the provincial government's website.

Guangdong, China's largest provincial economy, has drawn global firms like Exxon Mobil (NYSE:XOM) and BASF, each building large-scale petrochemical complexes producing high-value chemicals.

Aramco has been ramping up its China presence. In another deal reached last year, Aramco agreed with Shandong Energy an initial pact to explore a potential crude supply agreement and chemical products offtake deal.

Earlier this month, Saudi Aramco (TADAWUL:2222) also broke ground on a $7 billion project to produce petrochemicals from crude oil at its South Korean affiliate S-Oil Corp's refining complex in the port city of Ulsan.

[slayer74]

Aramco odnotowało spadek zysku netto w I kwartale o 19% do 31,9 mld USD, bijąc oczekiwania analityków na poziomie 30,5 mld USD. W 2022 r. zanotował rekordowy dochód netto w wysokości 161,1 mld USD, co oznacza wzrost o 46,5%. Presja globalnego popytu oraz obawy przed recesją zaważyły na wynikach spółki.
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Dywidenda wypłacana przez Aramco już teraz przewyższa dywidendę pięciu kolejnych największych światowych płatników razem wziętych, a w 2023 roku może wzrosnąć o 20 miliardów dolarów, przewyższając szacowaną roczną dywidendę Microsoft.

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KUALA LUMPUR (Reuters) -Saudi Aramco (TADAWUL:2222) believes market fundamentals remain "sound" for the second half as demand from emerging markets led by China and India will offset recession risk in developed markets, CEO Amin Nasser told an industry gathering on Monday.

But other executives at the Energy Asia conference in Kuala Lumpur were divided, with Malaysia state oil firm Petronas reporting a slowdown in demand for petroleum and petrochemicals in the second quarter and growing refinery capacity putting pressure on the market.

"Overall, we believe that oil market fundamentals remain generally sound for the rest of the year," said Nasser, who heads the world's largest oil company.

"Despite the recession risks in several OECD countries, the economies of developing countries – especially China and India – are driving healthy oil demand growth of more than 2 million barrels per day this year," he told the conference.

Although China faces economic headwinds, the transport and petrochemical sectors are still showing signs of demand growth, he added.

Brent crude futures are down about 14% since the start of the year as rising interest rates hit investor appetite, while China's promising economic recovery has faltered after several months of softer-than-expected consumption, production and property market data. [O/R]

Crude oil supplies from Russia and Iran have also held up despite Western sanctions, offsetting production cuts by Saudi Arabia and other members of the Organization of the Petroleum Exporting Countries (OPEC).

While a failed mutiny by mercenaries in Russia over the weekend has raised concerns about political instability and pushed up oil prices, none of the industry executives and officials speaking on the first day of the conference mentioned it during their onstage remarks.

"There's not much geopolitical impact on the market now. It is dominated by economics, not geopolitics," Daniel Yergin, vice chairman of S&P Global (NYSE:SPGI), said on the sidelines of the event.

MIXED VIEWS

Russell Hardy, CEO of Vitol, the largest independent oil trader, said the industry probably faces a period of reasonably strong fundamentals in the next three or four months, but uncertainty with Russian supply and Chinese demand make it more difficult to forecast market balances and where prices are going.

"What has happened so far this year is the supply side has slightly overperformed, particularly Russia, where there were expectations of production loss as a result of the difficulty getting oil to market because of the sanctions," he said.

Sazali Hamzah, Petronas' executive vice president and CEO of downstream, was less optimistic, saying that demand for petroleum and petrochemicals started slowing in the second quarter despite a recovery in jet fuel consumption.

He expects new refining capacity coming online this year to put "a lot of pressure on the market".

"We believe in second-half of this year we will still see weak demand, and that will be extended to part of next year," he added.

Looking ahead, Vitol and Petronas executives said oil demand could peak around 2030.

"We got it peaking in about 2030 and a gradual decline out to 2040 … And then (it's a) rapid decline thereafter as the EV fleet and energy transition takes over," Hardy said.

As part of its transition, Petronas will focus on improving natural gas efficiency and find solutions for carbon abatement while exploring other renewable energy such as biofuel in the mid-term and hydrogen in the long run, Hamzah said.

The company is working on a pilot plant and engineering design as it plans to start its first biorefinery in 2026.

"If the trend continues to grow, we are ready to convert the Kerteh refinery into biofuel in the future," Hamzah said.

[slayer74]

KUALA LUMPUR (Reuters) -Saudi Aramco (TADAWUL:2222) believes market fundamentals remain "sound" for the second half as demand from emerging markets led by China and India will offset recession risk in developed markets, CEO Amin Nasser told an industry gathering on Monday.

But other executives at the Energy Asia conference in Kuala Lumpur were divided, with Malaysia state oil firm Petronas reporting a slowdown in demand for petroleum and petrochemicals in the second quarter and growing refinery capacity putting pressure on the market.

"Overall, we believe that oil market fundamentals remain generally sound for the rest of the year," said Nasser, who heads the world's largest oil company.

"Despite the recession risks in several OECD countries, the economies of developing countries – especially China and India – are driving healthy oil demand growth of more than 2 million barrels per day this year," he told the conference.

Although China faces economic headwinds, the transport and petrochemical sectors are still showing signs of demand growth, he added.

Brent crude futures are down about 14% since the start of the year as rising interest rates hit investor appetite, while China's promising economic recovery has faltered after several months of softer-than-expected consumption, production and property market data. [O/R]

Crude oil supplies from Russia and Iran have also held up despite Western sanctions, offsetting production cuts by Saudi Arabia and other members of the Organization of the Petroleum Exporting Countries (OPEC).

While a failed mutiny by mercenaries in Russia over the weekend has raised concerns about political instability and pushed up oil prices, none of the industry executives and officials speaking on the first day of the conference mentioned it during their onstage remarks.

"There's not much geopolitical impact on the market now. It is dominated by economics, not geopolitics," Daniel Yergin, vice chairman of S&P Global (NYSE:SPGI), said on the sidelines of the event.

MIXED VIEWS

Russell Hardy, CEO of Vitol, the largest independent oil trader, said the industry probably faces a period of reasonably strong fundamentals in the next three or four months, but uncertainty with Russian supply and Chinese demand make it more difficult to forecast market balances and where prices are going.

"What has happened so far this year is the supply side has slightly overperformed, particularly Russia, where there were expectations of production loss as a result of the difficulty getting oil to market because of the sanctions," he said.

Sazali Hamzah, Petronas' executive vice president and CEO of downstream, was less optimistic, saying that demand for petroleum and petrochemicals started slowing in the second quarter despite a recovery in jet fuel consumption.

He expects new refining capacity coming online this year to put "a lot of pressure on the market".

"We believe in second-half of this year we will still see weak demand, and that will be extended to part of next year," he added.

Looking ahead, Vitol and Petronas executives said oil demand could peak around 2030.

"We got it peaking in about 2030 and a gradual decline out to 2040 … And then (it's a) rapid decline thereafter as the EV fleet and energy transition takes over," Hardy said.

As part of its transition, Petronas will focus on improving natural gas efficiency and find solutions for carbon abatement while exploring other renewable energy such as biofuel in the mid-term and hydrogen in the long run, Hamzah said.

The company is working on a pilot plant and engineering design as it plans to start its first biorefinery in 2026.

"If the trend continues to grow, we are ready to convert the Kerteh refinery into biofuel in the future," Hamzah said.

[slayer74]

(Reuters) -China's Geely Automobile Holdings (OTC:GELYF) and French car maker Renault SA (OTC:RNLSY) on Tuesday said they will invest up to 7 billion euros ($7.71 billion) in a new equally held joint venture to develop gasoline engines and hybrid technology for automobiles.

The JV is aimed at manufacturing more efficient internal combustion engines and hybrid systems at a time when the focus of much of the automobile industry has been on the capital-intensive transition to purely electric vehicles.

"We are pleased to be embarking on this journey to become a global leader in hybrid technologies, providing low-emission solutions for automakers around the world," said Eric Li, Geely Holding Group chairman.

The new company will employ 19,000 people at 17 engine plants and five research and development hubs, Renault (EPA:RENA) said.

At launch, it is expected to supply to multiple industrial customers including Volvo, Proton, Nissan (OTC:NSANY), Mitsubishi Motors (OTC:MMTOF), and PUNCH Torino.

The JV aims to have an annual production capacity of up to five million internal combustion, hybrid and plug-in hybrid engines and transmissions, Renault added.

Reuters reported in March that the new venture will see 15 billion euros ($16.53 billion) in annual revenue.

Saudi Aramco (TADAWUL:2222), which signed a letter of intent with Renault and Geely in March, is evaluating a strategic investment in the new company, Renault said.

The Saudi oil producer has been involved in advanced discussions to take a stake of up to 20% in the JV, sources said earlier this year.

Big oil firms have worked with automakers to develop sustainable fuels and hydrogen engines in recent years. But a deal here would make Aramco the first major oil producer to invest in the car business.

The joint venture is expected to be launched in the second half of 2023.

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LONDON (Reuters) - The world's top asset manager BlackRock (NYSE:BLK) has named Amin Nasser, the chief of the world's largest oil company Saudi Aramco (TADAWUL:2222), as an independent director.

Nasser joined Saudi Arabia's state oil giant as a petroleum engineer in 1982, and decades later in 2019 led Aramco's initial public offering.

His expertise in the Middle East will fill the gap left by Bader Alsaad, chairman of the board of the Arab Fund for Economic & Social Development, who is not standing for reelection on BlackRock's board in 2024, the asset manager said on Monday.

BlackRock has sought to strike a balance on the issue of climate change, continuing to invest in fossil fuel companies, while nudging them to adopt energy transition plans.

In a note to clients earlier this month, the asset manager estimated its average annual investment in the energy system would jump to $4 trillion through 2050, up from $2.2 trillion in recent years.

BlackRock, which had about $9.4 trillion assets under management as of end-June, has projected that by 2030 at least three quarters of its investments will be with issuers of securities that have scientific targets to cut greenhouse gas emissions on a net basis.

Aramco, for its part last October unveiled a $1.5 billion sustainability fund to initially focus on areas including carbon capture and storage, greenhouse gas emissions, as well as hydrogen, ammonia and synthetic fuels.

However, Nasser said the current global energy transition plan was flawed.

"We need to realise that today alternatives are not ready to shoulder a heavy load of the growing energy demand and therefore we need to work in parallel until alternatives are ready."

Saudi Arabia and fellow Gulf Arab states have sought to bolster their green credentials. Riyadh in 2021 said the kingdom aims to reach net zero emissions of greenhouse gases, mostly produced by burning fossil fuels, by 2060.

Scientists say the world needs to cut greenhouse gas emissions by around 43% by 2030 from 2019 levels to stand any chance of realising targets agreed in the 2015 Paris Agreement.

[slayer74]

Saudi Aramco odnotował 38% spadek zysku w II kwartale do 30,07 mld dolarów, powołując się na niższe ceny węglowodorów, słabe marże rafineryjne i chemiczne oraz cięcia produkcji OPEC+. Akcje spadły pomimo zwiększonej dywidendy w wysokości 29,4 mld dolarów.

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Do końca roku będzie mniej ropy naftowej
Arabia Saudyjska przedłużyła we wtorek do końca roku dobrowolne ograniczenie produkcji ropy naftowej o 1 milion baryłek dziennie.

https://www.parkiet.com/gospodarka-swia ... y-naftowej