US EditionSaudi Aramco acquires stake in MidOcean Energy amid efforts to enter
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Saudi Aramco acquires stake in MidOcean Energy amid efforts to enter
RIYADH: Energy giant Saudi Aramco is on track to enter the global liquefied natural gas market thanks to a new agreement. The leading intergraded energy and chemicals firm has agreed to acquire a strategic minority stake in MidOcean Energy for $500 million, according to a statement. This move aligns well with the company's goal of becoming a prominent LNG player, according to Aramco Upstream President Nasir Al-Naimi.
·Riyadh, Saudi Arabia
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