Tag Archives: Saudi Aramco

Any successful vaccine for the coronavirus disease (COVID-19) would rely on the global energy sector for its mass production, said Ahmad Al-Khowaiter, chief technology officer at Saudi Aramco, on Tuesday. “Fortunately, we have an energy system in place that can power the manufacture, transportation and storage of the billions of …

Saudi Aramco kicked off a jumbo bond sale Tuesday to help fund a $75 billion dividend, returning to the debt markets for the first time since April of last year. The state energy firm is raising debt after slumping crude prices caused profit to fall by 45% in the third …

Saudi Basic Industries Corp. plans to expand the scope of its Crude Oil to Chemicals project with Saudi Aramco to include existing development programs of advancing crude to chemicals technologies as well as through integrating existing facilities, the petrochemical firm said in a statement to Tadawul. The decision came after …

‘The worst is definitely behind us’ in the oil market, says Saudi Aramco CEO Amin Nasser Advertisement Global demand for crude could recover to pre-coronavirus levels by 2022, Saudi Aramco said on Tuesday, October 13, as the International Energy Agency (IEA) projected it could take at least a year longer. …

The world’s biggest oil company is getting squeezed by its main shareholder, the Saudi Arabian government. Even with crude dropping to US$40 a barrel this week and its cash flow plunging, Saudi Aramco is trying to pay a US$75 billion dividend this year, almost all of it to the state. …

State oil company Saudi Aramco has discovered two new oil and gas fields in the northern regions, the kingdom’s energy minister said Aug. 30, state news agency SPA reported. The energy minister Prince Abdulaziz bin Salman Al-Saud said the new Abraq al-Toloul oil field, which lies to the south east …

Saudi Arabia Oil Co.’s senior management reshuffle is more than just a game of high-level musical chairs at any old energy company. The oil giant faces an uphill battle to meet promises made before its record-setting initial public offering last year — and before the coronavirus pandemic hit — to …

World’s largest oil company Aramco remains committed on its investment plan in India, including a $15 billion deal with Reliance Industries, even though Covid-19 pandemic has made life difficult for oil companies with suppressed demand and falling oil prices and wide scale erosion in valuations. Replying to a query from …

Saudi Arabia’s state oil company has suspended a deal to build a $10 billion refining and petrochemicals complex in China, according to people familiar with the matter, as the company slashes spending to cope with low oil prices. Saudi Arabian Oil Co., or Aramco, decided to stop investing in the …

Dubai’s stock market traded lower early on Sunday, hurt by losses at financials and property shares, while other major bourses in the Gulf were little changed. Saudi Arabia’s benchmark index rose 0.3pc, with Al Rajhi Bank gaining 0.7pc, while oil giant Saudi Aramco was up 0.3pc despite reporting a fall …