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Saudi Aramco expands into LNG by buying stake worth $500m in MidOcean Energy

Saudi Aramco, the world’s largest oil-exporting company, has signed agreements to acquire a minority stake in liquefied natural gas company MidOcean Energy for $500 million in line with the global energy transition. The agreement with MidOcean Energy marks Aramco’s first international investment in LNG, the company said in a statement…

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