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The role of Saudi Aramco has always been seen as that of a national oil company, deeply integrated into the Kingdom’s operations and serving as a significant player in the oil market. It has aimed to avoid discussions about market power and the influence on oil prices, issues that often concern international oil companies (IOCs) like Shell, TotalEnergies, ENI, and their American counterparts. As of now, Saudi Aramco is officially recognized as a National Oil Company (NOC), and the markets view it as a stable and conservative presence in the oil…