Saudi Arabia to Introduce New Insurance Regulations, Saudi Aramco to Sign U.S. LNG Agreements, Petro Rabigh Lowers Accumulated Losses, and PIF Cuts Stakes in Q3.

Saudi Aramco is set to sign U.S. LNG agreements with Woodside Energy and Commonwealth LNG, according to Reuters. Saudi Arabian Oil Co. aims to become a major LNG player, especially in the U.S., where capacity is expected to grow quickly. The company plans to increase its capital by converting SAR 4.12 billion of debt owed to the Public Investment Fund.