The net profit of the world’s largest production and reserves of Saudi oil company Saudi Aramco in 2020 amounted to $ 49 billion against $ 88.2 billion a year earlier. The decrease was 1.8 times, according to company reports.
It is noted that 2020 has become one of the most difficult in the history of Saudi Aramco due to the effects of the pandemic. Despite this, the company sent $ 75 billion in dividends to shareholders.
Saudi Aramco’s free cash flow for the reporting period was $ 49.1 billion, down 1.6 times year on year. The company’s capital expenditures (CAPEX) after optimization amounted to $ 27 billion. The company will continue to optimize costs this year. Therefore, CAPEX for 2021 will be $ 35 billion with an initial plan of $ 40-45 billion.
The average level of production in 2020 in the company amounted to 12.4 million bpd of oil equivalent, of which oil accounts for 9.2 million bpd. In April 2020, Saudi oil production reached a record high of 12.1 million bpd.
From October 1, drivers must turn on the dipped headlights of the car outside the city. This helps to additionally mark the vehicle in conditions of low visibility within the autumn-winter period. GlobalLogic reminds about the importance of compliance with traffic rules and tells about the developments of Ukrainian engineers that affect road safety. In […]
Intellias, a global software engineering and digital consulting company, has announced the completion of its acquisition of Digitally Inspired, a fast growing, UK based peer, focusing on the Retail and eCommerce industry. “I am delighted to welcome the Digitally Inspired team to Intellias. It is symbolic that Intellias’ twentieth anniversary coincided with signing an agreement […]
3×4, a Web3 fundraising platform for non-profits, has been launched in Ukraine to bring innovative crypto & NFT fundraising to the rising number of social impact causes. 3×4 helps non-profit organizations to fundraise utilizing NFTs in collaborations with artists and brands while providing donors utility, revenue and transparency. The idea of 3×4 was born in […]
In order to present existing opportunities and draw attention of the international business community, UkraineInvest organizes an international forum with the participation of leading business representatives and expert environment of Ukraine and the world. The need to rebuild Ukraine creates a variety of attractive investment projects aimed at contributing to shaping a new economy of […]
Проект, що його розробляє уряд, визначає введення 10% збору на купівлю іноземної валюти імпортерами. Деталі ініціативи Кабміну повідомив нардеп Ярослав Железняк, який є заступником голови податкового комітету Верховної Ради. “Тут варто зазначити, що обрана концепція не передбачає додаткових імпортних мит (що є складним при адмініструванні), а визначає запровадження 10% збору на валютообмінні операції із купівлі всіх […]
У Китаї суднобудівна компанія Hudong-Zhonghua Shipbuilding спустила на воду найбільший у світі контейнеровоз, який отримав назву Tessa. Про це повідомляє сайт компанії. Вказано, що судно будується на замовлення швейцарсько-італійської Mediterranean Shipping Company (MSC). Воно має ті ж габарити, що й нещодавно побудовані для компанії Evergreen контейнеровози Alot та Apex, але трохи більшої ємності. “Хоча основні розміри залишилися […]
Банк Англії підвищив базову процентну ставку максимальними темпами з 1995 року, на 50 базисних пунктів – до 1,75% із 1,25%. Про це повідомляється на сайті регулятора. Сама ставка зараз перебуває на максимальному рівні з грудня 2008 року, коли вона становила 2%. Банк Англії прийняв таке рішення на тлі високої інфляції, яка зараз становить 13%. Регулятор прогнозує, […]
Верховна Рада на засіданні у середу, 28 липня, 233 голосами ухвалила законопроект про спрощення приватизації, повідомляє нардеп Ярослав Железняк. Ухвалений законопроект №7451 дозволяє відновити приватизацію, яка була зупинена через воєнне вторгнення Росії. Законопроект пропонує зробити приватизацію швидшою. Так, приватизація з моменту оголошення аукціону до підписання договору триватиме не більше двох місяців, а вся інформація про об’єкти приватизації […]
Ukraine places eight-year Eurobonds for 1.25 billion dollars at 6.875%. The demand is more than $ 3.3 billion. This was reported by Interfax-Ukraine, citing its own source. Initially, the benchmark profitability of the issue was 7-7.25%. Demand for Ukraine’s debt at the final rate exceeded $ 3.3 billion. According to the publication, Deutsche Bank, BNP […]Next
President Volodymyr Zelenskyi submitted to the Verkhovna Rada a draft law on assistance to private individuals through lockdown. The press service of the parliament announced this on Wednesday, March 24. There is no text of the bill yet, but the document is defined as urgent. It was submitted to the leadership of the Council. In […]Next
The attractiveness of Ukraine for many foreign investors has been very high and still remains so. However, due to a number of circumstances, the business climate is not yet conducive to the inflow and growth of investment. The main investors in Ukraine are the Netherlands, Germany, the Russian Federation, Austria, the United Kingdom, the British […]Next
YouTube video hosting will launch a new platform for creating short videos. This was reported in the official blog of the company. It is reported that the new service Shorts is designed for fans to record short videos on a smartphone, apply music and effects to them and share with your contributors. Beta testing Shorts […]Next
According to the sources, “Gazprom”, JSC demands to annul the decision of the Antimonopoly Committee of Ukraine (AMCU) of the fine in the amount of 85.966 billion UAH through the Commercial Court of Kiev. The claim is registered in the court on April, 12. “Naftogaz of Ukraine” and “Ukrtransgaz” must be the third parties in […]Next
The electronics company LG has completely stopped producing smartphones. The latest gadgets of this brand are Velvet 2 Pro and LG Rollable. These smartphones never hit the free market. And the rest of the models LG sells to its employees working in South Korea. By the way, the only factory that specialized in the manufacture […]Next
PrivatBank’s profit for 2020 amounted to UAH 25.3 billion, which is UAH 7.3 billion less than a year earlier. The bank’s press service announced preliminary results of last year’s work on Thursday, January 27. PrivatBank noted that last year, in connection with the pandemic, they formed special reserves, which amounted to more than ten billion […]Next
This week the report of the Alphabet associated company of Google for the fourth quarter 2015 is eagerly awaited in Wall Street. The company for the first time reports on the results separately from the rest of their enterprises. In October, Google conducted a massive restructuring process and has become a part of Alphabet holding […]Next
Sales growth for Volvo Cars in the first quarter of 2021 was 40.8% compared to the same period last year. He became the best in the history of the Swedish automaker. Total sales for this period reached 185,698 cars, compared to 131,889 cars for the same period last year. Compared to the first quarter of […]Next
The American division of the automaker Volkswagen AG reported a data leak, which affected more than 3.3 million customers and potential buyers in North America. Reuters with reference to the Volkswagen Group of America reported this. “The leak occurred after one of the company’s suppliers in the period between August 2019 and May 2021 left […]Next
The American pharmaceutical company Pfizer may apply for permission to use its oral drug for the treatment of COVID-19, at the end of this year. This was announced on Thursday by the Chairman of the Board and Chief Executive Officer of Pfizer Albert Burla. “In addition, our scientists are developing an oral drug to treat […]Next
Newspaper Financial Times found that IT-Oracle Corporation wants to buy Chinese video service TikTok. About this edition with reference to sources wrote on August 18. Official information about negotiations in ByteDance (it owns TikTok), nor Oracle did not comment. According to sources of FT, the company also is negotiating with investors who own shares in […]Next
The National Bank of Ukraine (NBU) has decided to revoke the banking license and eliminate the Soyuz bank. It is reported by the National Bank press service. The liquidation of the bank will be held under the compact procedure due to violations in the sphere of financial monitoring legislation, – noted in the NBU. “The […]Next
Many Ukrainian investors and businessmen have a great interest in working abroad. They dream of having their own business, but many of them have a lot of questions about how to start and organize their work abroad? They don’t have sufficient knowledge regarding law and special procedures for the organization of business. For those who […]Next
Companies Vir Biotechnology, Inc. and GlaxoSmithKline plc (GSK) announced the global extension to phase 3 of the COMET-ICE study, which evaluates the effectiveness of monoclonal antibodies – VIR-7831 for early treatment of COVID-19 in patients at high risk of hospitalization. VIR-7831 (also known as GSK4182136) is the fully human monoclonal antibody against SARS-CoV-2, selected for […]Next
In France, the government has unveiled a draft plan to restart the 100 billion-euro economy amid a crisis over the coronavirus pandemic. This was reported by BFMTV on Thursday, September 3. The document was released by the Prime Minister Jean Castex after months of consultations with economists, trade unions and other stakeholders. This economic aid […]Next