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Wednesday, October 04, 2023 20:9 GMT

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Top News of Saudi Arabia

After MidOcean Energy Deal, Saudi Aramco Set to Make More LNG Acquisitions

published:04/10/2023 05:16 GMT

State oil giant Saudi Aramco is set to make further LNG acquisition deals following its recently announced investment in an American liquefied natural gas (LNG) company. The world’s biggest oil company has just signed definitive agreements to buy a strategic minority stake in MidOcean Energy for US$500 million, marking its foray into the global LNG scene. The company is owned by EIG Global Energy Partners, a Washington-based investment firm. In a latest emailed statement, Aramco said it seeks...More


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