Saudi Aramco to Price Islamic Bond in $10 Billion Debt Push
Saudi Arabian Oil Co. set final pricing for its debut Islamic bond as the company presses ahead with plans to raise $10 billion in debt, according to a person with Continue Reading
Saudi Aramco’s Valuation Could Top $1 Trillion After Tax Cut
Saudi Aramco could have a market value of more than $1 trillion in an initial public offering after the government slashed the oil producer’s tax burden to attract investors, analysts Continue Reading
Here’s how much it costs both Saudi Arabia and the US to produce oil
When crude oil prices crashed into the $20 range early last year, it had most oil-producing nations quaking in their boots. That’s because few countries can make much — if Continue Reading
Saudi Aramco Tax Slashed to Prepare Oil Producer for Giant IPO – Bloomberg
Saudi Arabia slashed the tax rate paid by state oil producer Saudi Aramco, a key milestone in preparing the company for what may be the world’s biggest initial public offering. “The Continue Reading
Saudi Arabia sweetens huge Aramco IPO with tax cut
Saudi Arabia’s government has cut the income tax paid by national oil giant Saudi Aramco to smooth the company’s initial public offer of shares next year, which is expected to Continue Reading
China’s Sinopec Says Saudi Aramco Invited It to Be Investor
China Petroleum & Chemical Corp. said it was invited to invest in Saudi Arabian Oil Co. as part of what could be the world’s biggest-ever initial public offering. Talks are Continue Reading
Russia, Saudis Move at a Different Pace as Oil Cuts Scrutinized
Russia and Saudi Arabia head to this weekend’s OPEC committee meeting as the tortoise and hare of a global deal to cut oil supply, with Moscow sticking to a slow Continue Reading
Saudi exports to U.S. to fall by 300,000 barrels per day in March
Shaybah oilfield complex is seen at night in the Rub’ al-Khali desert, Saudi Arabia, November 14, 2007. Saudi Arabia’s crude exports to the United States in March will fall by Continue Reading
Saudi pledges stable oil supply as market confused by data
Output or exports? OPEC members have argued for decades over which of the two they should monitor to gauge compliance with oil-output cuts. This month, Saudi Arabia has thrown a Continue Reading
Saudi Aramco inks term crude supply with China’s CNOOC for Huizhou refining project
Saudi Aramco has signed a one-year crude supply contract with China National Offshore Oil Corp. for its upcoming Phase 2 Huizhou refining project, as Saudi Arabia steps up efforts to Continue Reading