Tag Archives: Saudi Aramco

Chinese state-owned oil companies PetroChina and Sinopec have written to Saudi Aramco in recent weeks to express an interest in a direct deal.

Saudi Arabia has been making contingency plans for a possible delay of the IPO. expected to be the largest in history.

In recent years. several nations opposed to the dollar being the world'.s reserve currency have progressively sought to try and abandon it.

OPEC is to meet in November to discuss a possible extension of the deal beyond March.

Saudi Aramco’s commitment to invest in India’s energy sector comes in the wake of the complete removal of subsidy and administered pricing of auto fuel since October 2014.

Saudi Arabia is competing with Iraq to be India’s top oil supplier. with Iraq displacing it for a fifth month in a row in August.

The market share that Saudi Arabia has lost in China is a result of the Kingdom’s current policy to try to boost oil prices.

Moscow said last month it had discussed with Riyadh extending the deal but no specific decisions had been made ahead of a Nov. 30 producers’ meeting in Vienna.

Given PCG’s strength in the region’s petrochemicals sector. Saudi Aramco is proud to be entering into a deeper. mutually beneficial partnership in PIC.

In this context. the IPO of Aramco becomes even more essential for Prince Mohammed’s diversification plans.