Aramco to Pay $75 B Dividends in 2020
Saudi Aramco announced that it aims to pay a $75 billion dividends in 2020 as it prepares for an initial public offering (IPO).
News / International
Iraq Oil Exports Drop to 3.576 MM b/d in September
The country is producing less than its usual capacity of approximately 5 million b/d, as per an OPEC+ agreement to cut production and support prices.
Qatar Petroleum Increases LNG Deals
Qatar Petroleum’s LNG expansion is expected to bring increase its output capacity to 110 million tons per year from the current 77 million tons per year. The expansion project is expected to take off by 2024, and is currently accepting onshore contracts for tendering.
Sonatrach Discusses Partnership with Exxon Mobil
The announcement came a week after Sonatrach sat with Chevron Corp., to confer energy collaboration, as the energy producer said it seeks boosting its output and increasing its revenues.
ADNOC, OCI N.V. Agree on Establishing a New Fertilizer JV
The Abu Dhabi National Oil Company (ADNOC) and OCI N.V. have settled the transaction of combining ADNOC’s fertilizer into OCI’s Middle East and North Africa (MENA) nitrogen platform to create a new leading Joint Venture (JV).
Aramco to Supply Agreed Grades, Volumes of Crude Oil to Reliance
Saudi Aramco will provide India’s Reliance Industries with agreed volumes and grades of crude oil in October 2019.
ADNOC Distribution Approves Interim Dividend Distribution
The Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) revealed that its board of directors approved the distribution of interim dividend.
SOMO Sells November Light Crude at Higher Premium
SOMO sold the 2 million barrels at a premium of a little more than $1 per barrel to its official selling price (OSP).
Saudi Arabia to Invest $100 B in India
Saudi Arabia is seeking long-term partnerships with India, with an investment of $100 billion in the country's petrochemicals, infrastructure and mining sectors, among others.
TAQA Issues $500 MM Bonds
The 30-year bonds will carry a coupon and re-offer yield to maturity of 4%, which is due in October 2049.
