Tag Archives: Saudi Aramco

India’s state-owned refiners are ordering their regular volumes of Saudi crude oil for June after the Kingdom reduced its prices, Reuters has reported, citing unnamed sources familiar with the situation. Saudi Arabia cut its official selling price for Asian clients earlier this month by between $0.10 and $0.30 in response …

Saudi Arabia’s plans to diversify its economy hinges largely on funding from Aramco and other leading public sector entities while large private sector players are expected to join the massive 5 trillion-riyal ‘Shareek’ investment plan. The recent confirmation by Saudi Arabia’s Crown Prince Mohammed Bin Salman that the kingdom is …

Major Chinese investors are in talks to buy a stake in Saudi Aramco, several sources told Reuters on Wednesday, as Saudi Arabia’s state oil firm prepares to sell another slice of its business to international investors, Reuters reports. Saudi Arabia was in discussions to sell 1% of Aramco to a …

Saudi Arabia expects to benefit from future drop in oil supply from major producers such as the US and Russia and pump more crude to cater to global demand as it mulls more sales in Saudi Aramco shares to foreign investors, the country’s crown prince said April 27. “There is …

Saudi Aramco is conducting a strategic review of its upstream business, in a move that could potentially see the state-owned firm bring in external investors to some of its oil and gas assets. The world’s biggest energy company is in preliminary discussions with advisers to evaluate its options. Aramco may …

Saudi Aramco’s investment arm was among a group of investors who awarded SR187.5 million ($50 million) to a Seattle-based manufacturing and technology software company. Seeq Corp. said it had raised the new funds as part of a Series C funding round as the group of investors backing the financing were …

Evidence shows that biased media outlets will always exist when it comes to news about Saudi Arabia. The announcement of a $12.4 billion deal to set up a new unit called Aramco Oil Pipelines Company was reported unconstructively by some global news media as Saudi Aramco selling its assets, taking …

Saudi Arabia will supply all the crude oil that was requested by India’s state-owned refiners and at least five other Asian customers next month as the linchpin producer starts to ramp up output. The kingdom will deliver in full what most of the refiners asked for in May-loading cargoes, while …

Energy giant Saudi Aramco said it has struck a 12.4-billion-dollar deal to sell a minority stake in a newly formed oil pipeline business to a consortium led by US-based EIG Global Energy Partners. The deal comes as Aramco – the kingdom’s cash cow – seeks to monetise its once-untouchable assets …

Saudi Aramco rose the most in 10 months in Riyadh trading after the government allowed it to cut dividends and redirect the cash into new investments to fulfill the crown prince’s economic plans. It would relieve some of the pressure on the world’s biggest oil company, which had to cut …