15:58 - 1.07.2025

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July 1, Fineko/abc.az. Saudi Aramco and Abu Dhabi National Oil Company (ADNOC) have reduced the number of global deals due to falling global oil prices.

ABC.AZ reports that companies have suspended investment projects in order to assess future revenues from oil sales. One of the bankers in the energy sector noted that Saudi Aramco and ADNOC intend to "pay more attention to dividends and less to expansion".

According to another source, the companies will reduce transactions in the gas sector, but will not stop completely. Over the past three years, the Persian Gulf oil corporations have invested more than $60 billion in the development of gas, chemical and lubricants production facilities.