Saudi Arabian Oil Company (Saudi Aramco) and logistics provider DHL have signed a shareholders’ agreement for the establishment of a new procurement and logistics hub in Saudi Arabia.

Source: https://themedialine.org/headlines/aramco-dhl-announce-joint-venture-for-saudi-procurement-logistics-hub/?utm_source=rss&utm_medium=rss&utm_campaign=aramco-dhl-announce-joint-venture-for-saudi-procurement-logistics-hub

Talks with Aramco (the Saudi Arabian Oil Company) are continuing over future contracts to be priced in yuan, the currency of China.

Source: https://www.jewishpress.com/news/global/china/china-strikes-deal-with-brazil-woos-saudi-arabia/2023/03/30/

The monster profit by the firm, known formally as the Saudi Arabian Oil Co., came off the back of energy prices rising after Russia launched its war on in February 2022, with sanctions limiting the sale of Moscow's oil and natural gas in Western markets.

Source: https://abcnews.go.com/International/wireStory/oil-giant-saudi-aramco-profits-161b-2022-97798097