Tue, 21-Oct-2025

Consortium to buy Aramco’s gas pipeline seeks $14.7 billion loan

Saudi Aramco

JEDDAH: The consortium for Saudi Aramco’s largest energy infrastructure deal, is looking to obtain a $14.7 billion loan. The source revealed to CNBC Arabia that the consortium sought to take advantage of current low financing rates. The loan will last for seven years. Saudi Aramco signed on December 6 a $15.5 billion leaseback deal involving its gas … Read more

Oil demand expected to reach pre-pandemic levels

Oil

DHAHRAN: Aramco’s CEO is optimistic about oil demand growth next year, despite fears over the new Covid-19 variant omicron, Arab News reported. The oil demand will be over 100 million barrels/day in 2022, reaching the pre-Covid-19 levels, Amin Nasser told Arab News during a media briefing at the company’s headquarters. On the Covid-19’s new strain, he said: “The markets … Read more