The bond sale represents an alternate way for Saudi Arabia to raise money and diversify from oil.
Read More »Saudi Arabia to Ditch Dollar if Washington Passes NOPEC Bill
At the current price of USD 70 per barrel. the annual value of global oil output is USD 2.5 trillion.
Read More »Saudis Raised Taxation on Aramco by Switching to Brent Oil
The change could add nearly 7 percent to the price used to determine the royalty.
Read More »World`s Biggest Oil Field is Fading Faster than Anyone Guessed
Ghawar in Saudi Arabia is the world'.s largest conventional oil field.
Read More »World`s Most Profitable Company in 2018
The company is preparing to raise debt in part to pay for the acquisition of a majority stake in domestic petro-chemical group Sabic.
Read More »Aramco and Sabic Plan `Discovery Phase` to Unlock Savings after Merger
Sabic was formed in the 1970s to make use of byproducts from refineries.
Read More »Aramco Building Global Gas Business to Cut Carbon Footprint
Aramco’s gas expansion strategy needs $150 billion of investment over the next decade.
Read More »Saudi Arabia will Tender Solar Plant in Makkah
Saudi Arabia earlier this year awarded a contract to develop its first wind project.
Read More »Saudi Arabia will Cut Oil Exports in April
Saudi Arabia is demonstrating extraordinary commitment to accelerating market rebalancing.
Read More »Saudi Arabia will Cut Oil Exports in April
Saudi Arabia is demonstrating extraordinary commitment to accelerating market rebalancing.
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