Non-conventional gas find will be ‘welcome addition’ to the kingdom’s assets as it looks to boost its use of natural gas for domestic power generation
Saudi oil giant
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crude oil
Saudi Aramco discovers four new oil and gas fields
Discovery includes 4,452 barrels per day of Arab extra light crude oil, along with 3.2 million standard cubic feet of natural gas
Aramco revenue
Video: The worst is over for Aramco even if oil prices stay at $45 per barrel, says analyst
Amena Bakr of Energy Intelligence Group says Aramco’s balance sheet shows its free cash flow is still positive and the company has room for taking on debt to fulfill dividend obligations.
Amin Nasser
Video: Saudi Aramco sticks with dividend even as profit slumps
Saudi Aramco is pressing ahead with a planned $75 billion in dividends this year, despite the slide in profits and rising debt as the kingdom battles a widening budget deficit.