SAUDI ARABIA’S POWER PIPELINE.

Saudi Aramco, the state-owned energy company of Saudi Arabia, is the world's most profitable company, generating $440 billion in revenue in 2023. The company's earnings support the country's construction and tourism projects, as well as its economic diversification efforts. Crown Prince Mohammed bin Salman is driving these ambitious initiatives, and his influence extends beyond Saudi Arabia due to Aramco's financial success. However, MBS's leadership has been controversial, with allegations of human rights abuses and his alleged involvement in the murder of journalist Jamal Khashoggi. Aramco's future success will depend on its ability to adapt to the changing global energy landscape. The company is closely linked to the Saudi government and its sovereign wealth fund, the Public Investment Fund (PIF), which allows the government to leverage Aramco's earnings for global influence. The PIF has a diverse investment portfolio, including stakes in companies like Activision Blizzard, Uber, and Electronic Arts. Aramco is also taking steps to transition to renewable energy sources and reduce carbon emissions, although it does not measure the impact of end users of its oil in its net-zero targets. The Saudi government is funding ambitious construction projects, such as the city of Neom, but the high costs and the need for higher oil prices pose challenges. Nevertheless, as long as Aramco continues to produce oil, Saudi Arabia's financial and political power will remain strong. [Extracted from the article]