Saudi Arabia | Egypt Oil & Gas - Part 55
Riyadh Loses Oil Production Leadership to Moscow
Russia overtook Saudi Arabia as the world’s largest crude producer in December 2016 with a production of 10.49mb/d.
Saudi Aramco Signed Crude Deal with Chinese Refiner
State oil giant Saudi Aramco has signed a contract with Chinese oil refiner North Huajin Chemical Industries Group Corp to supply its crude in 2017.
Moelis & Co as Sole Adviser on Saudi Aramco IPO
New York based investment bank, Moelis & Co, has been chosen as the sole independent adviser for the planned initial public offering (IPO) of Saudi Aramco.
Aramco to Raise $10b Prior to IPO
Saudi Arabia’s oil giant Saudi Aramco has hired four banks as advisers to its first bond sale, possibly by June 2017, ahead of a planned initial public offering (IPO) in 2018, in order to raise as much as $10b in bon ...
Saudi Aramco Eyes $5b Investment in Renewables
Saudi Aramco is considering as much as $5b of investments in renewable energy firms as part of plans to diversify from crude production.
Saudi Aramco’s Oil Reserves Reach 261b Barrels
The external audit of the oil reserves of Saudi Aramco ahead of its planned IPO has confirmed that Saudi Arabia’s oil giant has more than 261b barrels of reserves.
Saudi Aramco Pulls Out of JV Project with Petronas
Saudi Aramco has pulled out of a planned joint venture with Malaysia’s state-owned oil company Petronas, concerning the construction and operation of a major $27b refining and petrochemical project in southern Malaysia.
Saudi Aramco Operates 220 Rigs Despite Oil Prices
Oil and gas company Saudi Aramco said it is currently operating about 220 drilling rigs as it sees continued investment in capacity.
