Saudi Aramco

Saudi Arabia and UAE discuss USD 70 billion crude refinery project in Maharashtra

The two sides discussed the initiative to develop the refinery and petrochemicals complex, which would secure the supply of 600,000 barrels per day of crude oil.

published on : 28th November 2019

With Aramco's stock market debut, here's the list of world's biggest stock IPOs

Chinese e-commerce giant Alibaba still holds the record with a USD 25 billion IPO in New York in 2014.

published on : 3rd November 2019

Saudi regulator approves energy giant Aramco's share offering

Aramco is expected to sell a total of five per cent on two exchanges, with an initial listing of two per cent on the Tadawul Saudi bourse in December.

published on : 3rd November 2019

Saudi Arabia to invest USD 100 billion in India's petrochemicals, infrastructure sectors

Saudi Ambassador Dr Saud bin Mohammed Al Sati said that more than 40 opportunities for joint collaboration and investments across various sectors have been identified between both countries.

published on : 29th September 2019

PM Modi may stopover in Riyadh to firm up oil deals

 India is also keen to not allow any let-up in its ties with Saudi Arabia, which has had a longstanding and close relationship with Pakistan.

published on : 26th September 2019

After panic oil prices moderate

It is unlikely that even high crude oil prices would push up retail inflation high enough for RBI to put hold on expected interest rate cuts since the price rise effect is expected to be short term.

published on : 18th September 2019

Hot oil singes stock markets, foreign institutional investors flee

Uncertainty over the oil situation following a drone attack on Saudi Aramco spooks bourses, forces foreign institutional investors to pull out Rs 800 crore in a single day.

published on : 18th September 2019

Oil is on the boil, retail fuel prices may jump by Rs 4

Indian oil refiners may have to increase retail fuel prices Rs 5-6 per litre over the next fortnight if crude oil price rises by $10 a barrel. 

published on : 17th September 2019

Saudi oil output cut in half after drones strike Aramco site

Saudi Aramco has had to cut production by as much as 5 million barrels a day after the attack on the Abqaiq plant, according to a person familiar with the matter.

published on : 14th September 2019

Yemen rebels claim drone attacks on major Saudi oil sites

Drones claimed by Yemen's Houthi rebels attacked the world's largest oil processing facility in Saudi Arabia.

published on : 14th September 2019

WATCH | Drone attacks strike major Saudi Aramco facility, oilfield

It wasn't clear if there were any injuries in the assault on the processing plant in Buqyaq and at the Khurais oil field.

published on : 14th September 2019

Saudi Aramco eyes Tokyo for two-stage IPO: Report

Aramco has said it plans to float around five per cent of the state-owned company in 2020 or 2021 in what could potentially be the world's biggest stock sale.

published on : 30th August 2019

RIL shares soar on news of stake sale, debt redution

Though the transaction would be value dilutive of EPS by 6 per cent for RIL’s standalone, the transaction will allay investor concerns on RIL’s high debt levels, Nomura said.

published on : 14th August 2019

Reliance's energy stake sales to Aramco, BP to lower its earnings, cashflow: Brokerages

Reliance announced agreeing to a non-binding letter of intent from Saudi Aramco for a proposed investment in its refining, petrochemicals, and fuel marketing business.

published on : 13th August 2019

OPINION | Saudi Aramco bets USD 15 billion on India’s crude habit

The transaction will give the world’s biggest oil producer a one-fifth stake in the world’s biggest oil refinery at a $75 billion enterprise value, equivalent to $15 billion for Aramco’s stake.

published on : 13th August 2019
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