Saudi Aramco ( 2222.SE ) shares surged the maximum permitted 10% above their IPO price on their Riyadh stock market debut on Wednesday, closing in on the $2 trillion valuation Continue Reading
The supergiant Azadegan oil field, comprising major north and south sites, is as important to Iran’s overall strategic plan to survive the current sanctions environment and to prosper when they Continue Reading
Turkey and Libya can carry out joint exploration operations in the eastern Mediterranean after the two sides signed a deal on maritime boundaries, Turkish President Tayyip Erdogan said on Monday Continue Reading
Aramco’s shipping division has issued an expression of interest in the chartering of up to a dozen LNG carriers beginning in 2025, Reuters reports , citing industry sources. Liquefied natural Continue Reading
Less than a quarter, or 23 percent, of the institutional portion of Saudi Aramco’s initial public offering went to non-Saudi investors, the head of Investment Banking at National Commercial Bank, Continue Reading
Iran’s President Hassan Rouhani announced a “budget of resistance” to U.S. sanctions, including a $5-billion loan from Russia. Reuters quoted Rouhani as saying the budget would reduce Iran’s dependence on Continue Reading
Saudi Arabia on Monday revealed its 2020 budget, forecasting lower oil income due to OPEC production cuts and a lesser reliance on its lifeblood industry in the coming years as Continue Reading
The excitement was palpable as bankers, one group at a time, stepped on to buses that shuttled them from Riyadh’s Ritz-Carlton hotel to a meeting with Saudi officials. Saudi Arabia, the Continue Reading
Saudi Arabia is predicting that its budget deficit will balloon to US$50 billion next year as low oil prices and lowered production eat into the Kingdom’s oil revenue, according an Continue Reading
Iranian President Hassan Rouhani on Sunday proposed next year’s budget of about $115 billion, including a $5 billion loan from Russia and continuation of US sanctions against the country’s oil Continue Reading
