Aramco’s Momentum Propels Saudi Energy Index Recovery

Following a significant decline, the Saudi Energy Index has established a support base near the 5,100 level. After a period of consolidation, the index is experiencing a rebound, gaining momentum incrementally.

This upward trajectory is primarily driven by Aramco's performance, which has exhibited reversal signs.

Strategic initiatives undertaken by the company have been instrumental in facilitating this reversal.

Key Initiatives

• Sustainable Aviation Fuels (SAF): Aramco has partnered with TotalEnergies and the Saudi Investment Recycling Company to explore the production of SAF from local organic waste, supporting sustainability goals.
• Gas Production Expansion: The company plans to increase gas production from 110 billion cubic meters in 2022 to 165 billion by 2030, alongside a $100 billion investment in petrochemical projects.
• Carbon Capture Projects: Aramco is developing a major carbon capture, utilization, and storage (CCUS) hub in Jubail, aiming to capture up to 9 million metric tons of CO2 annually by 2027.

These efforts are expected to improve sustainability, strengthen local industries, and enhance international collaborations, ultimately revitalizing the Saudi Energy Index and the Tadawul All Share Index.