In which sector of the energy market did Saudi Aramco make its first global deal?

  • A. Oil Production
  • B. Renewable energy
  • C. Natural Gas
  • D. Nuclear Energy

Correct Answer: A. Oil Production

Aramco has sign a definitive agreement to purchase a minority stake in liquefied natural gas (LNG) company MidOcean Energy in a deal value at $500m (SR1.8bn). The Middle East oil and gas giant said the deal with MidOcean Energy marks its first global investment in LNG. Based in the US, MidOcean Energy is back and managed by energy and infrastructure investment company EIG.

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