Elena Nikulina

Mario Nawfal: Saudi Aramco plans separate gas business amid $100 billion surplus

Mario Nawfal: Saudi Aramco plans separate gas business amid $100 billion surplus
Saudi Aramco to separate gas business

Mario Nawfal, founder & CEO at IBC Group, reports that Saudi Aramco is preparing to separate its entire gas business into a standalone company, a move internally called "Project Gamma."

The energy giant's plans come as it faces a surplus resulting from a $100 billion investment, prompting the potential future listing of the new gas entity.

Nawfal has previously highlighted regional economic pressures, relaying a warning that Iran's economy could collapse within two weeks following the end of oil deliveries to China. In a separate report, he revealed that a California fashion executive reportedly lost over $100 million in risky financial bets. These reports reflect Nawfal's ongoing focus on major financial developments and risks.

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