Aramco

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Aramco Raises Crude Pricing to U.S. and Asia on Increased Demand

EghtesadOnline: Saudi Arabia, the world’s largest oil exporter, raised pricing for July sales of all crude grades to Asia, the U.S. and Northwest Europe as it seeks to take advantage of increased demand after suppliers extended production cuts to help curb a global glut.
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Publish Date: 05/June/2017 | 24:09

In Aramco IPO pitch, Canada plays up its natural resources expertise

EghtesadOnline: The Toronto Stock Exchange's efforts to win a slice of the massive Saudi Aramco public listing plays up the country's deep experience in natural resources as part of a broader offer to help the kingdom with its shift away from oil dependence.
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Publish Date: 28/May/2017 | 04:58

Saudis to Invest at Least 50% of Aramco IPO Proceeds at Home

EghtesadOnline: Saudi Arabia will spend at least half the money it raises by selling shares in the state oil company on domestic investments, Deputy Crown Prince Mohammed bin Salman said in a rare televised address to a nation that’s shown signs of uncertainty over his austerity plans.
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Publish Date: 04/May/2017 | 21:00

Saudi Aramco to Raise $3 Billion in Debut Sukuk Sale

EghtesadOnline: Saudi Aramco is planning to raise 11.25 billion riyals ($3 billion) from its debut Islamic bond, according to a person with knowledge of the offering, boosting the size of the sale because of investor demand.
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Publish Date: 06/April/2017 | 19:36

Saudi Aramco to Raise $3 Billion in Debut Sukuk Sale

EghtesadOnline: Saudi Aramco is planning to raise 11.25 billion riyals ($3 billion) from its debut Islamic bond, according to a person with knowledge of the offering, boosting the size of the sale because of investor demand.
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Publish Date: 06/April/2017 | 19:36

Aramco Chief Says Oil Tax Will Be Cut to Lure Investors to IPO

EghtesadOnline: Saudi Arabia has promised it will reduce the overall tax rate paid by its national oil company to make its 2018 initial public offering -- potentially one of the largest in history -- more appealing to investors.
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Publish Date: 18/January/2017 | 04:49

Aramco Keeps Building Oil Rigs Even as Saudis Agree to Pump Less

EghtesadOnline: Saudi Arabian Oil Co. signed contracts with U.S. companies to build dozens of oil rigs over 10 years as the kingdom builds for the long-term future of its most prized industry even while coordinating with other producers to cut output for six months to stabilize crude.
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Publish Date: 15/December/2016 | 06:59

Japan’s Biggest Banks Plan to Sign Agreement With Saudi Aramco

EghtesadOnline: Mitsubishi UFJ Financial Group Inc.’s banking unit and its two biggest Japanese peers plan to sign a non-binding agreement with Saudi Arabian Oil Co. in Tokyo this week to expand lending to the state-run firm as it considers an initial public offering, people with knowledge of the matter said.
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Publish Date: 01/September/2016 | 09:15

Saudi Arabia Says Aramco IPO on Track as It Weighs Best Approach

EghtesadOnline: The initial public offering of Saudi Arabian Oil Co. remains on track while the government considers how to meet all its objectives from the sale of a stake in the world’s biggest oil company, the kingdom’s Energy Minister said.
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Publish Date: 28/August/2016 | 08:04

Aramco Signs $13b Gas Project

EghtesadOnline: Saudi Aramco signed four engineering contracts to build its Fadhili gas processing project, the company announced at a press conference on Wednesday.
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Publish Date: 22/July/2016 | 08:41

Saudi Aramco Buys More Indian Naphtha to Plug Gap

EghtesadOnline: Saudi Aramco’s trading arm bought 70,000 tons of naphtha from Indian Oil Corp on Friday at premiums not seen since 2013 as it seeks to plug a supply gap following Sept. 14 attacks on its facilities, trade sources said on Monday.
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Publish Date: 08/October/2019 | 24:55

Saudi Arabia Signals Ambition for $80 Oil Price

EghtesadOnline: Saudi Arabia wants to get oil prices near $80 a barrel to pay for the government’s crowded policy agenda and support the valuation of state energy giant Aramco before an initial public offering.
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Publish Date: 11/April/2018 | 06:52

Aramco Plans at Least 10 Energy Deals During Trump Visit

EghtesadOnline: Saudi Aramco plans to sign agreements with at least 10 companies including General Electric Co. and oil field-service businesses Schlumberger Ltd. and Halliburton Co. when President Donald Trump visits Saudi Arabia, according to two people familiar with the matter.
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Publish Date: 17/May/2017 | 06:33