Saudi Aramco reported its net profit for 2021 had risen twofold to $110 billion thanks to the surge in oil prices. Thanks to the strong performance, the company said it would boost its investments, focusing on blue hydrogen and carbon capture. “Although economic conditions have improved considerably, the outlook remains uncertain due to various macro-economic and geopolitical factors,” said Aramco’s chief executive, Amin Nasser.
“But our investment plan aims to tap into rising long-term demand for reliable, affordable and…Saudi Aramco Boosts Capex After Doubling Its Profits In 2021
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