Jan 25, 2020-Saturday

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Saturday, Jan 25, 2020

Aramco

Nov 17, 2019 17:02
The much-delayed offering, a cornerstone of de facto ruler Prince Mohammed’s ambitious plan to diversify the oil-reliant economy, could exceed the world’s biggest listing -- the $25 billion float of Chinese retail giant Alibaba in 2014. read more
Nov 10, 2019 10:25
The oil and gas company had profits of $111 billion last year, more than Apple, Royal Dutch Shell and Exxon Mobil combined. read more
Nov 04, 2019 13:33
It’s not clear how much of Aramco will be sold to locals before shares start trading likely in December. And no one knows what the payoff will be -- whether Saudis can expect a handsome payday or whether they’ll have to hunker down for a long haul. read more
Nov 03, 2019 11:13
The approval shall be valid for six months, and the company’s prospectus will be published prior to the start of the subscription period, according to the statement. read more
Oct 31, 2019 23:47
The project was originally to be located at Ratnagiri in Maharashtra but was held up because of opposition from the region’s mango farmers, who refused to part with their land. Subsequently, Raigarh was chosen as the new site for the project, which will... read more
Oct 02, 2019 14:46
Ajit Doval’s visit is an opportunity to exchange notes on the regional and global security environment. read more
Sep 24, 2019 06:13
The September 14 attacks on the two giant oil facilities in Saudi Arabia caused raging fires and damage that halved the crude output of the world’s top oil exporter, by shutting down 5.7 million barrels per day of production. read more
Sep 21, 2019 07:12
Yemen’s Tehran-linked Huthi rebels, who on Friday announced a sudden halt to attacks on Saudi Arabia, claimed the strikes on state giant Aramco’s facilities in Khurais and the world’s largest oil processing facility at Abqaiq. read more
Sep 18, 2019 07:35
Energy Minister Prince Abdulaziz bin Salman, who was only appointed to the role earlier this month, said that the world’s top energy exporter had dipped into its strategic reserves to maintain supply to clients. read more
Sep 15, 2019 06:37
About 50% of Saudi Arabia’s oil production, representing about 5.7 million barrels per day, has been halted for now due, SPA news agency said, citing the kingdom’s Energy Minister Abdulaziz bin Salman read more
Sep 08, 2019 10:52
Prince Abdulaziz replaces Khalid al-Falih, who had been removed just days ago as board chairman of the state-owned oil giant Aramco, a company that he once ran as CEO. read more
Aug 13, 2019 19:18
Aramco will acquire a 20% stake in Reliance’s oil-to-chemicals business, including the 1.24 million-barrel-a-day Jamnagar refining complex on India’s west coast read more
Aug 13, 2019 15:10
42nd AGM Reliance Industries to sell 20% in refining, chemicals business in a bid to become a zero-debt firm in next 18 months read more
Aug 13, 2019 10:52
Over the last one year, RIL has taken several steps to reduce its debt. It has transferred its telecom unit, Reliance Jio Infocomm Ltd’s infrastructure assets off RIL’s balance sheet to an InvIT structure. read more
Jun 25, 2018 15:44
Aramco and ADNOC will together hold 50% stake in the 60 million-tonne-a-year Ratnagiri refinery and adjacent 18 million-tonne-petrochemical complex. read more