Aramco
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Aramco Discovers 2 Oil and Gas Fields in Northern Saudi Arabia
EghtesadOnline: Saudi Aramco discovered two oil and gas fields in northern parts of Saudi Arabia, the kingdom’s official news agency reported, citing Energy Minister Prince Abdulaziz bin Salman.
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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…
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Zanganeh Denies Scale of Attacks on Aramco Facilities
EghtesadOnline: The government of Saudi Arabia has apparently exaggerated the scale and scope of drone attacks on its oil processing facility on Sept. 14.
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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…
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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…
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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…
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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…
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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…
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Total Eyes Stake in Aramco
EghtesadOnline: Taking part in the much-anticipated IPO of Saudi Arabian Oil Company, known as Saudi Aramco, is not off the table for oil major Total SA because it could be a "good investment",…
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Aramco CEO Sees Oil Market Closer to Balance Despite U.S. Boom
EghtesadOnline: The global oil market is moving closer to balance even as increases in U.S. oil production push prices down in the short-term, Saudi Arabian Oil Co. Chief Executive Officer Amin…
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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…
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China's Sinopec Says Saudi Aramco Invited It to Be Investor
EghtesadOnline: 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.
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These Are All the Ways a Saudi Aramco IPO Could Impact Markets
EghtesadOnline: The exact dollar value of Saudi Aramco may be up for debate, but the listing of the world’s biggest company will be priceless for the kingdom’s markets.
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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…
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Saudi newspaper says report on huge Aramco stake sale was wrong
EghtesadOnline: Major Saudi Arabian newspaper al-Eqtisadiah retracted a report on Sunday that said state oil giant Saudi Aramco planned to sell 49 percent of its shares over the next 10 years.
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Saudi Arabia Planning to Sell 49% of Aramco, Eqtisadiah Says
EghtesadOnline: Saudi Arabia is planning to sell almost half of Saudi Arabian Oil Co., the world’s largest oil company, al-Eqtisadiah reported.
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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…
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Saudi Arabia Said Poised to Add Boutique for Aramco IPO
EghtesadOnline: Saudi Arabian Oil Co. is poised to choose an adviser from a list of boutiques for what could be the biggest initial public offering ever, a major coup for one of the smaller banks…
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Saudi Aramco-Motiva in lead to buy Lyondell's Houston refinery: sources
EghtesadOnline: Saudi Aramco and its U.S. refining joint-venture Motiva Enterprises lead the race to buy LyondellBasell Industries Houston refinery, according to three sources familiar with the…
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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…
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Sumitomo Mitsui Seeks Role in Saudi Aramco’s IPO, Chairman Says
EghtesadOnline: Sumitomo Mitsui Financial Group Inc. is seeking to work with Saudi Arabian Oil Co. on its initial public offering, Chairman Masayuki Oku said as his bank signed a business agreement…
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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…
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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…
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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.