Attacks on Aramco Not to Affect IPO Plans

• Thursday, 10th October 2019
• by Editorial Team

The attacks on Saudi Aramco’s installations on September 14 will have no effect on its listing plans in the stock market, Amin Nasser, Aramco’s CEO, said in a conference in London, Reuters reported. Aramco’s Abq...

Saudi Arabia, Russia Confer Energy Cooperation

• Wednesday, 9th October 2019
• by Mai El Ghandour

The Saudi Oil Minister, Prince Abdulaziz bin Salman, discussed with the Minister of Economic Development of the Russian Federation, energy cooperation to stabilize the global energy market, Saudi state news agency (SP...

Saudi Aramco Grants $75 MM Contract to Arabtec

• Monday, 7th October 2019
• by Mai El Ghandour

Saudi Aramco has awarded a $75 million engineering, procurement, and construction (EPC) contract to Target Engineering Construction Company a subsidiary owned by Arabtec Holding, a Dubai-based leading contractor for s...

Aramco Restores Oil Output

• Thursday, 3rd October 2019
• by Mai El Ghandour

Saudi Arabia has resumed to its average oil production, which makes Saudi Aramco fully focused on its initial public offering (IPO), according Reuters. According to the Saudi energy minister Prince Abdulaziz bin Salma...

Saudi Arabia, Russia Brings Stability to Oil Market

• Thursday, 3rd October 2019
• by Mai El Ghandour

Saudi Arabia and Russia cooperate to bring “perpetual stability” to the global oil markets, Prince Abdul Aziz bin Salman, the Kingdom’s energy minister, said in the Russian Energy Week summit in Moscow, according to R...

Aramco to Pay $75 B Dividends in 2020

• Wednesday, 2nd October 2019
• by Mai El Ghandour

Saudi Aramco announced that it aims to pay a $75 billion dividends in 2020 as it prepares for an initial public offering (IPO), Pipeline Oil and Gas News reported. According to a document by the company, Aramco would ...

Saudi Arabia to Invest $100 B in India

• Monday, 30th September 2019
• by Mai El Ghandour

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, Zawya reported. Saudi Aramco will a...

Saudi Arabia Oil Exports Average 5.88 MM b/d

• Thursday, 26th September 2019
• by Editorial Team

Saudi Arabia’s oil exports have decreased following the recent attacks on major facilities, Reuters reported. Crude oil exports from Saudi Arabia averaged 5.875 million barrels per day (b/d) in the 10 days that follow...

Saudi Arabia Restores Gas Production: Minister

• Thursday, 26th September 2019
• by Editorial Team

Saudi Arabia’s ethane production gas now reached 900 million standard cubic feet per day (mscf/d), while current local demand stands at 940 mscf/d, according to Saudi Minister of Energy Prince Abdulaziz bin Salman, Ah...

Saudi Aramco’s IPO Could See 10% Float

• Wednesday, 25th September 2019
• by Editorial Team

Saudi Arabia considers expanding the initial public offering (IPO) of Saudi Aramco by floating a 10% stake, instead of 5% as previously planned, Wall Street Journal first reported. The Saudi Royal Court is reportedly ...