Basra renews autonomy campaign
The Basra Provincial Council has voted to hold a referendum on creating a new federal region, as local politicians reopen an old populist playbook in response to enduring anger over Continue Reading
High-Hyped $12B Aramco Bond Sees Disappointing First-Day Moves
After seeing significant interest with an unprecedented $100 billion in orders on Tuesday, Aramco’s bond saw but mild upward moves on Wednesday, its first day out of the gate. The Continue Reading
Hadi al-Amiri appointed “czar” of Basra
When the super-giant Majnoon oil field was threatened by flooding, it wasn’t just the state-run Basra Oil Company (BOC) that sprang into action – it was also Hadi al-Amiri, the Continue Reading
Aramco sells $12 billion bonds out of record $100 billion demand
Saudi Aramco is set to raise $12 billion with its first international bond issue after receiving more than $100 billion in orders, a record breaking vrecord-breakingonfidence for the oil giant Continue Reading
Analysis: Iranian oil exports recover close to pre-sanction levels
Highlights Exports jump to 1.70 million b/d in March Flows to China, South Korea increase Sharp fall seen in Iranian oil inventories London — Iranian oil exports, which have been Continue Reading
Aramco’s new bonds inch up in early trade: sources
Saudi Aramco’s newly issued dollar-denominated bonds inched up on Wednesday, with longer-dated paper outperforming, sources familiar with the matter said. The company on Tuesday issued $12 billion worth of paper, Continue Reading
Run On Aramco Bonds Could Sideline IPO
The Saudi plan to use their state-run oil giant, Aramco, as a piggy bank panned out fabulously for the Kingdom on Tuesday, with international investor demand topping $100 billion in Continue Reading
Energy Minister: Saudi Arabia Could Be Natural Gas Exporter In Five Years
Saudi Arabia could begin natural gas exports in five-six years as it has already begun talks with neighboring Gulf Arab states to build natural gas pipelines, S&P Global Platts quoted Continue Reading
Aramco’s Mega Debt Deal Is A Raging Success
Just a day after the Saudis allegedly threatened the hegemony of the almighty petrodollar, Saudi Aramco began the sale of its first-ever dollar bonds with an order-book of around $40 Continue Reading
Saudi Arabia Rejects Reports About Plans To Drop Dollar As Oil Currency
“The Ministry of Energy, Industry and Mineral Resources affirmed today that recently circulated claims that the Kingdom of Saudi Arabia is threatening to sell its oil in currencies other than Continue Reading