Saudi Arabia-based energy company Saudi Aramco on Sunday officially launched it corporate venturing subsidiary Saudi Aramco Energy Ventures, which was first flagged by Global Corporate Venturing in February.

Khalid Al-Falih, president and chief executive, Saudi Aramco, said: “Saudi Aramco Energy Ventures represents a significant step forward in our corporate transformation to become the world’s leading integrated energy company with innovation as a key attribute. As we continue to address long-term energy challenges, SAEV will help us more effectively engage with…

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