Saudi oil giant Aramco shares hit record high | The Guardian Nigeria News - Nigeria and World News

📆 3/2/2022 3:19 PM
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Saudi energy giant Aramco's shares rose to a record high on Wednesday amid a surge in global oil prices following Russia's invasion of Ukraine.

A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov

The Gulf kingdom — the world’s top crude exporter — has remained the firm’s majority shareholder since a December 11, 2019 listing. The conflict in eastern Europe comes with prices already elevated owing to tight supplies and a strong recovery in global demand as economies reopen from pandemic-induced lockdowns.

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How much is that of the NNPC? I thought that was why the government converted NNPC to a Limited liability?

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