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Search resuls for: "Hadeel Al Sayegh Maha El Dahan"


2 mentions found


☆ Saudi Aramco reports record profit of $161.1 billion in 2022
  + stars: | 2023-03-12 | by ( Hadeel Al Sayegh Maha El Dahan | Hadeel Al Sayegh | Maha El Dahan | ) www.reuters.com   time to read: +2 min
The profits follow similar reports in February from international peers BP, Shell, Exxon Mobil and Chevron which have mostly posted record profits for last year. Aramco's capital expenditure rose 18% to $37.6 billion in 2022 and the company said it expects this year's spending to be around $45.0 billion to $55.0 billion including external investments. Aramco declared a dividend of $19.5 billion for the fourth quarter, an increase of 4% from the previous quarter. Free cash flow reached a record of $148.5 billion in 2022, compared to $107.5 billion in 2021. Prices cooled rapidly in the second half of 2022 as central banks hiked interest rates and fanned worries of recession.
☆ Exclusive: Qatar in talks to join TotalEnergies' $27 bln Iraqi energy project -sources
  + stars: | 2023-01-25 | by ( Hadeel Al Sayegh Maha El Dahan Ron Bousso | Hadeel Al Sayegh | Maha El Dahan | ) www.reuters.com   time to read: +4 min
DUBAI/LONDON, Jan 25 (Reuters) - Qatar is in talks to acquire a stake from French company TotalEnergies' (TTEF.PA) $27 billion cluster of energy projects in Iraq, three sources told Reuters, as Baghdad hopes to stem efforts by Western energy companies to exit the country. The TotalEnergies deal with Iraq, which will require an initial investment of $10 billion, followed a visit from French President Emmanuel Macron in September 2021. Sources told Reuters last year that disputes over terms had risked scrapping the project. A senior Iraqi oil ministry official said he was not aware of QatarEnergy plans to acquire a stake in the TotalEnergies' project. One of the sources told Reuters Sudani would also meet TotalEnergies Chief Executive Officer Patrick Pouyanne in a bid to end the deadlock.
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