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Rystad Energy's update highlights geopolitical risks in the Red Sea, affecting LNG prices. Rising tensions due to Yemen's Houthi militia have disrupted trade and led to suspended shipments, with increased military responses from the U.S. and UK.
Aramco's acquisition of a 40% stake in Gas & Oil Pakistan Ltd (GO). This marks Aramco's first venture into the Pakistani fuels retail market, aligning with its strategy to strengthen its global downstream operations.
Sawafi invests in UK's Vulcan for advanced well completion solutions, enhancing the Kingdom's upstream sector. This aligns with Aramco’s vision, boosts R&D, and supports Saudi's Iktva goals for local value creation and sector self-sufficiency.