Aramco Inks $44 Billion Downstream Deal In India
The refinery portion, to be located on India’s West Coast, will be able to refine 1.2 million barrels per day, and goes a long way towards satisfying both India’s and Continue Reading
Saudi Arabia happy with oil market, won’t let another glut form
Saudi Arabia’s energy minister said on Wednesday that the world’s biggest exporter of oil will not sit by and let another supply glut surface, but also does not want oil Continue Reading
Saudi could take part in military response in Syria: Crown Prince
Saudi Arabia could take part in military action in Syria after a suspected chemical attack that killed at least 60 people in the eastern Ghouta region over the weekend, Crown Continue Reading
Saudi Arabia beats Qatar to market with $11 billion triple-tranche bond
Saudi Arabia is set to raise $11 billion with a triple-tranche dollar bond, while Qatar is meeting global investors ahead of its first appearance in the debt markets since the Continue Reading
Total CEO confirms plan to enlarge joint venture with Saudi Aramco
The chief executive of Total SA on Tuesday confirmed the French oil major intends to enlarge its refinery joint venture with state oil giant Saudi Aramco. “We are planning to Continue Reading
Saudi Arabia Secretly Targeting $80 Oil
Saudi Arabia is likely targeting oil prices at $80 a barrel to boost the valuation of its oil giant Aramco ahead of its much-hyped IPO and to help finance increasingly Continue Reading
Saudi Aramco signs deals with French companies worth $10 billion: Al Arabiya
Saudi Aramco will sign eight deals with French companies worth $10 billion, the chief executive of the state-run oil giant told Saudi-run Al Arabiya TV on Monday during an official Continue Reading
Higher Oil Prices Boost Saudi Credit Rating
After suffering from plunging global oil prices in 2015 and 2016, Saudi Arabia can take a much-deserved bow over its success, along with other OPEC and non-OPEC producers, in reigning Continue Reading
Saudi Exchange Ready For Aramco Listing
Saudi Arabia’s stock exchange Tadawul is experiencing an influx of foreign funds and expects even more in the future, confident that this will enable the bourse to accommodate the listing Continue Reading
How Saudi Arabia’s Tiny Exchange Is Preparing to Host the World’s Biggest IPO
Saudi Arabia’s meager stock exchange hosts around 191 companies whose value totals roughly $500 billion, or a little more than half the value of Apple Inc. With one more very Continue Reading