Tag: Aramco
US halts imports of Russian oil
Berlin, Brussels, Dusseldorf, Houston, London, Zurich In response to Vladimir Putin’s war of aggression in Ukraine, the US and Britain have imposed further punitive measures against Russia. Washington is stopping…
Saudi Arabia is transferring part of its Aramco holdings to sovereign wealth funds
An Aramco oil refinery in Saudi Arabia With the sale of the Aramco shares, the country is to be reformed. (Photo: Reuters) riad Saudi Arabia has transferred a billion-dollar stake…
Lanxess and Advent want to buy DSM Engineering Plastics
Frankfurt, Dusseldorf The specialty chemicals group Lanxess is working together with the financial investor Advent on a bid for the plastics business of the Dutch competitor DSM. The Handelsblatt learned…
Lanxess and Advent want to buy DSM Engineering Plastics
Frankfurt, Dusseldorf The specialty chemicals group Lanxess is working together with the financial investor Advent on a bid for the plastics business of the Dutch competitor DSM. The Handelsblatt learned…
Putin is gambling away his economic potential
Wladimir Putin For 2022, the largest private Russian financial institution, Alfa Bank, expects economic growth to be just 1.5 percent. (Photo: imago images/ITAR-TASS) Berlin Vladimir Putin has eleven members of…
How the United Arab Emirates intends to boost its economy
Berlin The United Arab Emirates are something like the creative exotic of the region. In the 50 years since it was founded, the small country on the Gulf has developed…
Europe needs clout on the raw material markets
We are at the beginning of a gigantic turning point in terms of raw materials. The age of hydrocarbons is slowly but surely drawing to a close. Even in the…
Energy: Despite record oil prices: Big Oil is on austerity course
Despite billions in profits, the oil companies are reluctant to invest. But the thrift is likely to be short-lived. .source site
Oil remains an important lifeline
Oil field in Saudi Arabia The world needs oil – despite all climate promises. (Photo: dpa) This is the lie of life of our generation – and of all people…
The new rivalry between the Gulf States
The futuristic building has received three Guinness world records for the largest interactive light floor, the longest interactive water feature and the largest interactive digital LED mirror screen. Whether oil…
German solar innovation inspires Mukesh Ambani
Mukesh Ambani By 2030, the entrepreneur wants to single-handedly increase India’s solar capacity by 100 gigawatts. (Photo: imago / Hindustan Times) Bangkok Asia’s richest man wants to drive the energy…
Heat, electricity and energy costs are increasing: it doesn’t get any cheaper
It doesn’t get any cheaper The global economy is suffering an energy shock. (Photo: Smetek) The global economy, which had only just begun to recover from the pandemic, is sliding…
Heat, electricity and energy costs are increasing: it doesn’t get any cheaper
It doesn’t get any cheaper The world economy is suffering an energy shock. (Photo: Smetek) The global economy, which had only just begun to recover from the pandemic, is sliding…