Saudi Aramco considering expansion to India- Nikkei
(Reuters - 30/01/2018)
Saudi Aramco , the state oil company of Saudi Arabia, is considering entering India as part of its Asian expansion, Nikkei said on Tuesday, citing Aramco's CEO who said that plans for an Indian refinery are crystallising. "Saudi Aramco is looking at
Aramco seeks to expand in US, says Trump is pro-oil
(Arab News - 26/01/2018)
Saudi Aramco is looking to expand in the United States where President Donald Trump's tax cuts and support for the oil industry are making business increasingly attractive, its chief executive told Reuters. Aramco already controls a large refinery in
Aramco will be ready for IPO in H2: CEO
(Trade Arabia - 26/01/2018)
Saudi Aramco will be ready for its planned initial public offering (IPO) in the second half of 2018, Amin Nasser, Chief Executive Officer, reiterated in an interview at the World Economic Forum in Davos. Speaking to Bloomberg Television's Francine
Aramco IPO to make global impact, say regional money managers
(The National - 25/01/2018)
Money managers in the Middle East are confident the stake sale of government-owned Saudi Arabian Oil Co, known as Aramco, this year will shake up the global stock market with a record initial public offering that gives the world's biggest company a
Aramco Devising Thriftier Engines to Defuse Electric-Car Threat
(Bloomberg - 25/01/2018)
While Saudi Arabia tries to wean its economy off crude, the nation's flagship company is devising new ways to make money from the fuel. Saudi Aramco, the world's biggest oil exporter, is investing in developing more efficient gasoline-powered engines and
Saudi Arabia to link Aramco tax to oil price
(The National - 25/01/2018)
Saudi Arabia plans to link the most important tax paid by state-owned energy giant Aramco to the price of oil, a significant move ahead of the company's initial public offering this year. Adjusting the 20 per cent royalty on oil revenue Aramco currently
Saudi regulator asked to study local market impact of Aramco IPO
(Gulf News - 25/01/2018)
An advisory council to Saudi Arabia's government has asked the kingdom's securities regulator to study the impact of listing Saudi Aramco on the local bourse amid concern that a huge initial public offering could damage the market. The Shura Council's
Aramco Trading Starts Swapping Saudi Crude Oil for Refined Fuels
(Bloomberg - 24/01/2018)
Saudi Aramco's trading unit started swapping the kingdom's crude oil for products refined in other countries, according to its chief executive officer. The company has swapped crude with refiners in the Mediterranean in return for products, Ibrahim
Saudi regulator asked to study local market impact of Aramco IPO
(Reuters - 24/01/2018)
An advisory council to Saudi Arabia's government has asked the kingdom's securities regulator to study the impact of listing Saudi Aramco on the local bourse amid concern that a huge initial public offering could damage the market. The Shura Council's
Russia may back Aramco IPO, enhance OPEC ties
(Reuters - 23/01/2018)
Russian pension funds are considering investing in Saudi Arabian state oil major Aramco when it lists its stock in a move to strengthen the partnership between the world's two top oil producers, Russia's top state investment officer said. The head of
Russian pension funds eyeing Saudi Aramco IPO
(Reuters - 23/01/2018)
Russian pension funds may invest in the stock market listing of Saudi state oil company Aramco, the head of the Russian Direct Investment Fund told Reuters in an interview. The state-backed fund's Chinese partners are also interested in such investment,
Banks expected to share tiny proportion of Aramco IPO
(Gulf Times - 21/01/2018)
The banks that will advise and execute Saudi Aramco's stock market listing are expected to share a tiny proportion of the $100bn Riyadh hopes to raise in its initial public offering, according to banking sources and industry insiders. Investment banks
CB&I announces Joint Development Agreement with Saudi Aramco
(Press Release - 19/01/2018)
CB&I has announced it has entered into a Joint Development Agreement with Saudi Aramco that includes Chevron Lummus Global (CLG), CB&I's joint venture with Chevron U.S.A. Inc., for the development, commercialization and marketing of innovative
Saudi Aramco, CB&I and Chevron Lummus Global sign JDA
(Press Release - 18/01/2018)
Saudi Aramco, through its wholly-owned subsidiary Saudi Aramco Technologies, has today signed a three-party Joint Development Agreement (JDA) with CB&I, a U.S.-based leading provider of technology and infrastructure for the energy industry, and Chevron
Aramco ready to IPO in H2, awaiting govt decision on venue: CEO
(Reuters - 18/01/2018)
Saudi Aramco's Chief Executive Amin Nasser said on Thursday that the initial public offering (IPO) of the state oil giant is still planned for the second half of 2018, but the government has not yet made a decision on the listing venue. "The company is
Aramco showcases innovative technologies and initiatives at ADSW
(Saudi Gazette - 17/01/2018)
Saudi Aramco, alongside other 13 Saudi entities, is participating in the ongoing Abu Dhabi Sustainability Week 2018 in the UAE. The Saudi participation in the event is led by the Ministry of Energy, Industry, and Mineral Resources Khalid A. Falih, where
Saudi Aramco snubs UBS and Bank of America for listing roles
(Reuters - 16/01/2018)
Saudi Aramco has not invited UBS and Bank of America Merrill Lynch to pitch for senior advisory roles in its stock market listing because they have not lent money to the state oil giant in recent years, according to five finance sources. The two
Aramco Showcases Innovative Technologies and Initiatives at ADSW 2018
(Press Release - 16/01/2018)
Saudi Aramco, alongside other 13 Saudi entities, is participating in Abu Dhabi Sustainability Week 2018 in the UAE on January 13 - 20, 2018. The Saudi participation in the event is led by the Ministry of Energy, Industry, and Mineral Resources, where
Saudi Aramco, UAE hold oil stockpiles in Japan steady
(Reuters - 15/01/2018)
Saudi Arabia and the United Arab Emirates together owned about 13.8 million barrels (2.19 million kilolitres) of crude oil at end-November in Japan's semi-national stockpiles, unchanged from the previous month, data from the Agency for Natural Resources
SAUDI SHIPYARD JOINT VENTURE OFFICIALLY LAUNCHED
(The Maritime Standard - 15/01/2018)
A new shipbuilding and repair joint venture, International Maritime Industries (IMI), has been officially launched by the four participating partners, Saudi Aramco, Bahri, Lamprell and Hyundai Heavy Industries (HHI). Scheduled to be fully operational in
Aramco participates in North American International Auto Show
(Saudi Gazette - 15/01/2018)
Saudi Aramco is participating at the North American International Auto Show (NAIAS) here, where it will be showcasing innovative technologies that have the potential to transform the internal combustion engine (ICE), greatly improving its efficiency and
Hong Kong, London, New York shortlisted for Aramco IPO
(Reuters - 11/01/2018)
Saudi Arabia has shortlisted New York, London and Hong Kong - singly or in a combination of two or even all three - for the international portion of the listing of national oil company Aramco, two sources with knowledge of the discussions said. The
Saudi Aramco working to raise cheap loans before IPO-banking sources
(Gulf News - 11/01/2018)
Saudi Aramco is working to secure billions of dollars in cheap loans from banks seeking to strengthen their ties with the oil giant before its stock listing, banking and export credit agency (ECA) sources said. Citigroup (Citi), Standard Chartered and
General Dynamics Awarded Contract from Aramco for Security Systems
(Press Release - 09/01/2018)
General Dynamics has been awarded a multi-million dollar contract by Saudi Aramco for the provision of integrated security systems at its onshore and offshore facilities in the Gulf. The contract involves installing security systems at several offshore
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