Fixing Lebanon’s ruinous electricity crisis
Lebanon’s electricity crisis has pushed it to the brink of financial ruin, as power cuts hobble the economy and subsidies have racked up one of the world’s largest public debt Continue Reading
Saudi Aramco gets first credit ratings ahead of bond debut
Saudi Aramco, the world’s top oil producer, has been rated A+ by Fitch and A1 by Moody’s in its first-ever credit ratings, ahead of the state oil giant’s first global Continue Reading
Aramco to pay $69.1 billion SABIC acquisition in tranches: document
Saudi Aramco intends to pay for its $69.1 billion acquisition of a majority stake in Saudi Basic Industries Corp’s (SABIC) in separate tranches, according to a presentation given by Aramco Continue Reading
Aramco Is the World’s Most Profitable Company, Ratings Agencies Say
Saudi Aramco made $111 billion in net income last year, according to rating agency Moody’s Investors Service, making the oil and gas firm the most profitable company in the world. Continue Reading
Trump’s Foreign Energy Policy Could Haunt Him In 2020
Iran can’t seem to get a break, at least as far as the U.S. is concerned. Yesterday, Sigal Mandelker, undersecretary of the Treasury for Terrorism and Financial Intelligence, told reporters Continue Reading
Trump and Saudi Arabia at odds over oil prices: Kemp
U.S. President Donald Trump and the Saudi government have closely aligned views on most issues but they disagree significantly on the desirable level for oil prices, which could become a Continue Reading
Saudi’s SABIC sticking with growth plans, will discuss synergies with Aramco
Saudi Basic Industries Corp’s (SABIC) investment plans will not be affected by oil giant Aramco’s purchase of a 70 percent stake in the company, its chief executive said on Friday, Continue Reading
Aramco Plans $10 Billion Bond, Casting Light on Its Finances for First Time
Saudi Aramco plans to issue a $10 billion bond as early as next week to help fund its acquisition of a majority stake in Saudi Arabia’s petrochemicals firm, people familiar Continue Reading
As U.S. Tightens Iran Sanctions, Militant Groups and Political Allies Feel the Pain
Syrian militiamen paid by Iran have seen their salaries slashed. Projects Iran promised to help Syria’s ailing economy have stalled. Even employees of Hezbollah, the Lebanese group that has long Continue Reading
Can Energy Bring Peace To The Levant Basin?
Research on the Levant Basin dates back to 2010 when the Leviathan block was first discovered by Ratio Oil. Following this, companies like US-owned Noble Energy and French giant Total Continue Reading