Sun, Apr 16, 2023
Crown Prince Mohammed bin Salman's decision, announced by the state-run Saudi Press Agency, sends the stake to the Saudi Arabian Investment Co., known as Sanabil Investments. Sanabil is under the sovereign wealth fund known as the Public Investment Fund.
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Sun, Aug 08, 2021
Aramco said its results were supported by the global easing of COVID-19 restrictions, vaccination campaigns, stimulus measures and accelerating economic activity in key markets
Sun, Mar 21, 2021
Saudi Arabia's state oil giant Aramco announced on Sunday that its net profits fell to $49 billion last year, nearly half of what it was in 2019.
Sun, Aug 02, 2020
Apple has surpassed Saudi Aramco to become the worlds most valuable company with a market cap of $1.84 trillion.
Sun, Mar 15, 2020
Saudi Aramco has recorded a 20.6 per cent decline in its net profit for 2019 due to a plunge in crude oil prices, the country's state-run oil company said in a statement on Sunday.
Wed, Mar 11, 2020
The increase in supply and the coronavirus scare caused a 25 per cent decline in the price of crude on Monday, the sharpest decline seen since the 1991 Gulf War. International benchmark Brent crude traded up over 7 per cent on Tuesday at nearly $37 a barrel.
Wed, Feb 19, 2020
Aramco Trading has sealed a new deal to secure long-term crude oil supplies from state-run KPC that can be processed at refineries owned by Saudi Aramco in Asia, trade sources said.
Fri, Dec 13, 2019
The stage is all set for the privatisation process of state-run BPCL.
Wed, Dec 11, 2019
Saudi Aramco has become world's biggest listed company beating tech giant Apple after its shares surged the maximum permitted 10% above their initial public offering (IPO) price on its Riyadh stock market debut today, closing in on the $2 trillion valuation long sought by Saudi Crown Prince Mohammed bin Salman.
Sat, Dec 07, 2019
Saudi Aramco IPO Share, Price, Date: It's the world's largest IPO ever!
Mon, Nov 18, 2019
Saudi Aramco, the world's biggest IPO; Seeks $1.7 Trillion Valuation
Anil Singhvi suggests how an Indian investor can invest in Saudi Aramco IPO —both directly and indirectly.
Thu, Sep 12, 2019
Sources said that Prime Minister Narendra Modi would be visiting Saudi Arabia, probably next month, where he would have talks with King Salman bin Abdulaziz and Crown Prince Mohammed Bin Salman.
Thu, Jul 18, 2019
L&T Hydrocarbon Engineering Limited (LTHE) has been awarded a Rs 7,000 crore order in Marjan Field by Saudi Aramco.
Wed, Apr 17, 2019
Saudi Aramco, the world`s largest crude oil producer, is in "serious discussions" to acquire up to a 25 percent stake in Reliance Industries` refining and petrochemicals businesse
Mon, Apr 01, 2019
Saudi energy minister Khalid al-Falih said earlier this year the planned bond sale would raise around $10 billion, but banking sources said the transaction could be larger. Rating agencies Fitch and Moody`s rated Aramco A+ and A1 respectively, but both said that without sovereign rating constraints Aramco would be in the same league as better-rated international oil companies like Exxon Mobil, Chevron and Shell.
Thu, Mar 28, 2019
The deal could inject billions of dollars into the PIF, giving it the firepower to proceed with its plans to create jobs and diversify the largest Arab economy beyond oil exports, including a mega business zone in the northwest of the country.
Wed, Jun 27, 2018
The MoU was signed in presence of His Highness Sheikh Abdullah bin Zayed bin Sultan Al Nahyan, UAE Minister of Foreign Affairs and International Cooperation and Dharmendra Pradhan, Minister of Petroleum and Natural Gas & Skill Development & Entrepreneurship, Government of India.
Mon, Jun 25, 2018
The investment by Saudi ARAMCO and ADNOC in the $44 billion project will be the highest ever overseas investment in the Indian refining sector.
Thu, May 17, 2018
Thousands of farmers oppose the refinery and are refusing to surrender land, fearing it could damage a region famed for its Alphonso mangoes, vast cashew plantations and fishing hamlets that boast bountiful catches of seafood. "We earn enough to fulfil our needs and we do not want to surrender our lands for a refinery at any cost," says Sandesh Desai, standing amid his fruit-laden mango orchard in Nanar, a village in Ratnagiri district, some 400 km (250 miles) south of Mumbai.
Wed, Apr 18, 2018
A government push to connect more cities via airports as an expanding middle class increasingly takes to the skies is set to help propel the country`s demand for jet fuel to record highs this year.
Wed, Apr 11, 2018
The Saudi national oil company will supply half of the crude oil required for processing at the refinery, he said. State-owned refiners Indian Oil Corp (IOC), Hindustan Petroleum Corp Ltd (HPCL) and Bharat Petroleum Corp Ltd (BPCL) will own the remaining 50 per cent stake.
Sat, Feb 24, 2018
The company has signed an agreement to initiate talks for a possible stake in the proposed Rs 1.8 lakh crore refinery in Maharashtra
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