Saudi Arabia: LNG ahead
(Petroleum Economist - 30/10/2017)
For decades, Saudi Arabia insisted that it wouldn't seek natural gas from abroad to boost the volumes produced within the kingdom-in particular it was a firm tenet of former oil minister Ali al-Naimi during his 21 years in the job that there'd be no
Saudi Aramco sets Nov propane price at $575/T - statement
(Reuters - 30/10/2017)
State-run Saudi Aramco has left its November contract price for propane unchanged at $575 a tonne, it said on Monday. The price provides a benchmark against which Middle East sales of liquefied petroleum gas (LPG) to Asia are priced. Saudi Aramco's
Saudi Aramco IPO: On Track, But Final Destination Still Unclear
(Bloomberg - 29/10/2017)
The financiers and corporate chieftains gathered for Saudi Arabia's 'Davos in the Desert' heard the same message again and again. From the crown prince down, Saudi leaders wanted no room for doubt: the initial public offering of oil giant Aramco is "on
Saudi Aramco in drive to curb emissions
(Arab News - 29/10/2017)
Saudi Aramco has joined other global energy companies in announcing an investment package for new and promising technologies to curb emissions. President and CEO of Aramco, Amin Nasser, met major leaders in energy and climate sectors on Friday at the
Saudi Arabia's NEOM Undercuts Aramco IPO
(Bloomberg - 27/10/2017)
Prince Mohammad bin Salman of Saudi Arabia displays an Elon Musk-like affinity for ludicrous challenges and grandiose promises. With his latest announcement, though, he's edging into Peter Thiel territory: floating cities. The prince wasn't talking about
OGCI announce investments in promising low-emission technologies
(Press Release - 27/10/2017)
Saudi Aramco President and CEO, Amin H. Nasser, today joined fellow oil and gas CEOs and key energy and climate leaders for the third annual meeting of the Oil and Gas Climate Initiative (OGCI), where they announced investments in promising low-emission
Saudi Aramco, SABIC receive bids for oil-to-chemicals project
(Reuters - 25/10/2017)
Saudi Aramco and Saudi Basic Industries Corp have received project management consultancy bids for a planned joint venture oil-to-chemicals project, industry sources said. The two partners are expected to sign a memorandum of understanding to jointly
Saudi Aramco participates in the Future Investment Initiative 2017
(Press Release - 24/10/2017)
Saudi Aramco participated in Future Investment Initiative (FII) 2017, a major gathering of global business and policy influencers organized by the Saudi Public Investment Fund (PIF) and held in Riyadh, Saudi Arabia, October 24-26, 2017. Under the
Saudi Aramco, Petronas eyeing $1.7bn Daewoo E&C stake
(Trade Arabia - 24/10/2017)
Leading international giants in the energy and construction sector such as state-run Saudi Aramco; China State Construction Engineering Corporation (CSCEC) and Malaysian energy giant Petronas are among the potential bidders eyeing a major stake in Daewoo
Saudi Aramco listing on track for 2018, says sovereign wealth fund
(Reuters - 24/10/2017)
Saudi Aramco's initial public offering is on track to take place next year, Saudi Arabia's top sovereign wealth fund said on Tuesday. "Everything is on track. 2018 is our target. There is nothing that I know about that can take us off track," Public
Saudi Arabia hosts top investors as Aramco IPO
(Fox Business - 24/10/2017)
Saudi Arabia is hosting a financial summit this week, aimed at attracting investments as part of a broader effort to diversify its economy by reducing its reliance on oil revenue. A bevy of high-profile investors and corporate bigwigs traveled to the
Aramco clouds Saudi's coming-out party
(Reuters - 24/10/2017)
It's a big week for Saudi Arabia's Crown Prince Mohammed bin Salman. For the first time since his elevation as heir to the kingdom, he will play host to a Davos-like gathering of the global investing elite. Heavyweights from SoftBank's Masayoshi Son to
Saudi Aramco CEO says market listing is on track for 2018
(Arab News - 24/10/2017)
Saudi Aramco's initial public offering will take place in 2018 as planned and the listing venue will be revealed in due course, the oil company's CEO said in an interview broadcast on Monday. "We have always said that we will be listing in 2018, and to
Spanish company leads bidding for Aramco gas projects
(Arab News - 24/10/2017)
Tecnicas Reunidas has offered the lowest bids to build two gas projects which are planned by Saudi Aramco, sources familiar with the plans said on Monday. While the Spanish engineering firm has made the lowest bids on the Haradh and Hawiyah gas
Spain's Tecnicas Reunidas leads bidding for Aramco gas projects
(Reuters - 23/10/2017)
Tecnicas Reunidas has offered the lowest bids to build two gas projects which are planned by state oil giant Saudi Aramco, sources familiar with the plans said on Monday. While the Spanish engineering firm has made the lowest bids on the Haradh and
Saudi Aramco's IPO, is 'on track' for 2018, CEO Amin Nasser says
(CNBC - 23/10/2017)
Saudi Aramco CEO Amin Nasser said the oil giant's initial public offering remains on track for the second half of 2018. Recent reports have suggested Saudi Aramco offering could be delayed until 2019 or shelved in favor of other plans. Nasser addressed a
How Saudi Arabia Is Building Its $2 Trillion Fund
(Bloomberg - 23/10/2017)
Saudi Arabia is stepping up plans to turn its sovereign wealth fund into a global giant. This week, it's holding a coming-out party of sorts for the Public Investment Fund, which is central to the government's effort to diversify the economy away from
Aramco Trading Company recognized for helping pave the New Silk Road
(Press Release - 22/10/2017)
The New Silk Road is an increasingly popular term referring to an emerging network of infrastructure, enhanced transportation routes, and widening economic and energy corridors between the Far East and Europe, with the Arabian Gulf region as the
Saudi Aramco, Al Arabiya News Channel sign cultural agreement
(Al Arabiya - 22/10/2017)
Saudi oil giant Aramco signed a cultural agreement with Al Arabiya News Channel to enhance cooperation towards enriching local cultural content. The deal, which was signed on Saturday in Aramco's headquarters in Dhahran, will allow Al Arabiya to benefit
Rumors aside, the Saudi Aramco IPO is on track
(Al Arabiya - 22/10/2017)
The rumor mills were awash over the past few weeks that the Aramco IPO was either going to be cancelled or postponed. Anonymous sources also stated that the Chinese would buy the whole planned five percent of the planned IPO in a private placement, or
Saudi Aramco plans to set up new construction unit
(Trade Arabia - 21/10/2017)
State oil giant Saudi Aramco plans to set up a new construction company with local and international partners to build non-oil infrastructure in Saudi Arabia, reported Reuters, citing senior industry sources. Saudi Arabia's main sovereign wealth fund,
Saudi Aramco seeks local, foreign investors for construction arm
(Reuters - 20/10/2017)
National oil firm Saudi Aramco plans to set up a construction company with local and international partners to build non-oil infrastructure in Saudi Arabia, industry sources familiar with the plan said. Saudi and foreign companies have expressed interest
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