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Sunday, July 6, 2025 21:55 GMT

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Top News of Saudi Arabia

Saudi Aramco Looking to Sell Major Power Assets

published:06/07/2025 08:17 GMT

Saudi oil giant Aramco is looking to sell up to five gas-fired power plants, three sources with knowledge of the matter told Reuters, part of a broader effort to free up funds that could generate tens of billions of dollars. The potential sale of four or five gas-fired plants that power refineries could alone raise around US$4 billion as the Saudi government pushes Aramco to increase profits and payouts to the state, two of the sources said. Aramco, the world's most profitable company and the...More


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