Aramco to Issue $10 B Bonds
As the world largest oil firm, this move is seen as an indicator of how well the company operates, with its only debt issuance so far.
As the world largest oil firm, this move is seen as an indicator of how well the company operates, with its only debt issuance so far.
Saudi Aramco, the world’s largest oil producer, is acquiring a 70% stake in Saudi Basic Industries Corp (SABIC) in a $69.1 billion deal that aims to develop Aramco’s downstream growth plans.
Saudi Arabia's Aramco and SABIC signed agreements with SUMED worth $2 billion to establish petrochemical projects in the Mediterranean region.
Saudi Aramco chief executive Amin Nasser has said that the delayed initial public offering (IPO) of the state oil giant will “certainly” happen when conditions are right.
State oil giant Saudi Aramco and petrochemicals company Saudi Basic Industries Corp (SABIC) will build a new integrated industrial petrochemicals complex in the port city of Yanbu on the Red Sea coast.
Saudi Basic Industries Corp (SABIC) has announced a net profit of $1.6 billion in Q3 2018 on the back of rising average prices and sales.
Saudi Aramco's initial public offering (IPO) will take place by 2021, Crown Prince Mohammed bin Salman has said.
Regulators have approved SABIC's purchase of a 24.99% stake in Swiss chemical company Clariant.
Saudi Basic Industries Corp (SABIC) is looking to purchase around 50% of the $4.6 billion Indian petchem project backed by Oil and Natural Gas Corp (ONGC).
Saudi Aramco and Sabic awarded the US engineering firm KBR a project management contract for their joint oil-to-chemicals project.