Saudi Aramco Elevates Venture Capital Ambitions with $4 Billion Boost
On Wednesday, Saudi Aramco, the global energy behemoth, announced a substantial infusion of $4 billion into its Aramco Ventures unit, a move that more than doubled the company’s overall venture capital funding. This significant capital injection, spread over four years, propels Aramco Ventures’ total capital to an impressive $7 billion. The strategic decision underscores Aramco’s […]
Amin Nasser, a Saudi Aramco native engineer who rose to the top
At a business gathering in Riyadh this year, the Saudi gas minister paused at around 9 o’clock and informed the crowd that Amin Nasser, the president of state-owned oil company Saudi Aramco, had to go to bed. He wasn’t saying that lightly. In his four decades of work, Nasser has developed a reputation for a […]
Saudi Aramco aims to raise at least $17 BLN from gas pipeline
Saudi Aramco is looking to raise at least $17 billion from the sale of a significant minority stake in its gas pipelines, higher than the $12.4 billion raised from its oil pipeline deal. Potential bidders including North American private equity and infrastructure funds, as well as state-backed funds in China and South Korea have been […]