Page 8 - Saudi Aramco

Saudi Aramco agrees $12.4 billion deal to sell stake in pipelines

Consortium of investors led by US-based group buys 49% stake in newly formed venture

Saudi Arabia's listed firms to cut payouts for Prince's $1.3-trn plan

The companies will benefit from extra subsidies and the ability to lobby for law changes

India's energy alliance with Saudi totters after years of co-operation

India is the third largest market for Saudi crude. But after a year of Covid, the latter isn't keen to let prices hover at under $80 a barrel, the break even at which its budget wipes off red stainsi

Saudi announces $1.3 trn pvt sector investment push led by Aramco, SABIC

The move aims to mobilise the Gulf Arab state's private sector to help wean the economy off its reliance on oil exports, which still account for more than half the state's income

Reliance Industries-Saudi Aramco deal likely if crude oil averages $65

The deal was to conclude by March 2020 but has been delayed for reasons not disclosed by either company

Saudi Aramco hints talks are on with RIL for O2C business: Morgan Stanley

Recently, Reliance Industries announced carving out of the O2C business as a separate subsidiary to support strategic partnerships

Saudi Aramco to prioritise energy supply to China for 50 years, says CEO

Saudi Aramco will ensure China's energy security remains its highest priority for the next 50 years and beyond as new and existing energy sources run in parallel for some time, CEO Amin Nasser said

Aramco's $75 billion dividend survives biggest oil, earnings disruptions

The world's biggest oil company has taken on more debt in the past 12 months to keep up the dividend in the face of dwindling cash flow, though its gearing remains below that of firms such as Royal Du

Saudi Aramco to prioritise energy supply to China for 50 yrs, says CEO

Saudi Arabia, the world's biggest oil exporter, retained its position as China's top supplier in the first two months this year

Saudi-led jets strike Yemen rebel sites after Aramco hit: Report

The escalation is liable to hinder U.S. efforts to end the seven-year war in Yemen, which has created the world's worst humanitarian crisis, with widespread famine and disease.

Saudi Aramco profit drops 44%, but $75-billion dividend survives

The dividend is a key source of cash for the kingdom, whose economy was hit after the virus hammered energy markets and shut down local businesses

Saudi Aramco to cut capex after 2020 profit drops 44.4% over low oil prices

Aramco declared a dividend of $75 billion for 2020 and signalled it was seeing pickup in oil demand

Saudi Aramco 2020 net profit slumps 44.4% as coronavirus bites into demand

Saudi Arabian state oil giant Aramco on Sunday reported a 44.4% drop in 2020 net profit, hit by lower crude oil prices and volumes sold, and weakened refinery margins

BJP, Sena spar over Saudi Aramco's $44-billion refinery project

The Sena's objections are the environmental impact the project will have on farming and fishery in the area

Yemen's Houthis say they fire missiles at Saudi oil, military facilities

There was no immediate confirmation from oil firm Aramco or from Saudi authorities. Ras Tanura is the site of an oil refinery and the world's biggest offshore oil loading facility

Reliance Inds gains 6% in 2 days, hits 4-month high on O2C biz spin off

Analysts believe the recent move of creating an O2C segment will open various new avenues for RIL in terms of both opportunities and upside

Apollo Global Management, GIP bid for $10-billion Aramco pipeline stake

Pension funds in Abu Dhabi and Saudi Arabia have separately submitted initial bids, the people said

RIL's revamp paves way for O2C stake sale, next leg of growth: Analysts

Reorganisation won't impact RIL's consolidated financials or shareholding. Analysts say the de-merger will be done at tax networth of O2C assets, making transaction tax neutral for RIL

Reliance Industries gains 2% on plans to hive off O2C business

The company said the O2C business will be turned into a separate entity that will be 100 per cent owned by RIL

Aramco will launch further share sales, says Saudi Arabia's crown prince

He was speaking at the kingdom's Future Investment Initiative conference