Tag Archives: Saudi Aramco

Saudi Arabia is seeking to sell as much as 5 per cent of Aramco.

Saudi Arabia opened its market to direct investment by foreign institutional investors in mid-2015.

Russia comfortably remained China'.s top crude supplier in November.

Aramco in late 2017 invited international banks to pitch for the advisory role to help identify acquisition targets.

The listing could raise up to $100billion and could go ahead in the second half of 2018.

The new center will manufacture products for drilling. exploration and production. as well as midstream.

The sale of shares in Aramco is a complex and significant financial transaction.

Initial production and service operations are expected to commence in 2019.

The Russian minister sees next year as «a year of balance».

The company plans to build an onshore drilling rig facility and a casting and forging unit in Ras Al Khair.