Aramco

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Aramco - Total results - 48
Reliance Industries to hive off $75 bn oil-to-chemical business into separate unit for sale to Aramco
Business

Reliance Industries to hive off $75 bn oil-to-chemical business into separate unit for sale to Aramco

Reliance Industries Ltd (RIL), India's largest company, on Thursday said its board has approved hiving off its $75 billion worth oil-to-chemicals business into a separate division to enable the sale of 20 percent stake in the unit to Saudi national oil company Aramco

Saudi Aramco in talks with banks to borrow about $10 billion for acquisition of 70% stake in SABIC: Report
Business

Saudi Aramco in talks with banks to borrow about $10 billion for acquisition of 70% stake in SABIC: Report

Aramco agreed last year to buy the controlling stake in SABIC from the kingdom’s wealth fund for $69.1 billion, sealing one of the biggest-ever deals in the global chemical industry.

Saudi Aramco reports increase in cyber attack attempts, foresees the trend will continue
News & Analysis

Saudi Aramco reports increase in cyber attack attempts, foresees the trend will continue

The pattern of cyber attacks was cyclical and increasing in magnitude, said the oil giant's IT security chief.

BPCL privatisation: Russia's Rosneft keen to bid for state-owned refinery; meets with Oil Minister Dharmendra Pradhan
Business

BPCL privatisation: Russia's Rosneft keen to bid for state-owned refinery; meets with Oil Minister Dharmendra Pradhan

As on 31 March, BPCL reported cash and cash equivalents of around Rs 5,300 crore, against Rs 10,900 crore of debt maturing over the next 15 months.

Saudi Aramco raises IPO to record $29.4 bn through 'greenshoe option'; sells additional 450 mn shares
Business

Saudi Aramco raises IPO to record $29.4 bn through 'greenshoe option'; sells additional 450 mn shares

Aramco shares were flat at 35 riyals shortly after the market opened, according to Refinitiv data.

New fuel retail policy: Licensees have to set up minimum 100 petrol pumps, 5% of it in remote areas
Business

New fuel retail policy: Licensees have to set up minimum 100 petrol pumps, 5% of it in remote areas

India's new liberalised petrol pump norms require licensees to set up a minimum of 100 outlets with at least 5 percent of them in remote areas

Saudi Aramco to sell up to 0.05% shares to individual retail investors; prospectus flags risks, gives few details on IPO size
Business

Saudi Aramco to sell up to 0.05% shares to individual retail investors; prospectus flags risks, gives few details on IPO size

Aramco cannot list additional shares for a period of six months after trading starts, and will also be restricted from issuing additional shares for 12 months

Timeline: Saudi Aramco's winding road to world's largest IPO
Business

Timeline: Saudi Aramco's winding road to world's largest IPO

On 6 January Saudi Arabia's Deputy Crown Prince Mohammed bin Salman mentions his interest in selling off parts of Aramco to private investors in an interview

Mukesh Ambani says slowdown in India temporary, reforms undertaken to reverse trend
Business

Mukesh Ambani says slowdown in India temporary, reforms undertaken to reverse trend

Billionaire Mukesh Ambani on Tuesday said the slowdown in the Indian economy is temporary and the recent measures taken by the government will help reverse the trend in the coming quarters

Saudi Arabia eyes long-term partnership with India; to invest $100 bn in petrochemicals, infra, mining
Business

Saudi Arabia eyes long-term partnership with India; to invest $100 bn in petrochemicals, infra, mining

Saudi Arabia is a key pillar of India's energy security, being a source of 17 percent or more of crude oil and 32 percent of LPG requirements of India

US says attack on Saudi Arabia’s Aramco oil facility is ‘act of war’ by Iran after Donald Trump threatens more sanctions
World

US says attack on Saudi Arabia’s Aramco oil facility is ‘act of war’ by Iran after Donald Trump threatens more sanctions

US secretary of state Mike Pompeo on Wednesday called the attack on Saudi Arabia’s oil installations an “act of war” against the kingdom by Iran, as the Saudis displayed missile and drone wreckage and cited other evidence they said shows the raid was “unquestionably sponsored by Iran.”

Donald Trump says there are 'many options short of war' with Iran, after US accuses Tehran of 'unquestionably sponsoring' Saudi Arabia attacks
World

Donald Trump says there are 'many options short of war' with Iran, after US accuses Tehran of 'unquestionably sponsoring' Saudi Arabia attacks

Donald Trump said there were many options short of war with Iran after US ally Saudi Arabia displayed remnants of drones and missiles it said were used in a crippling attack on its oil sites that was 'unquestionably sponsored' by Tehran

Iran denies role in attacks on Saudi oil plants, sends diplomatic note to US, says state media
World

Iran denies role in attacks on Saudi oil plants, sends diplomatic note to US, says state media

The formal memo sent on Monday through the Swiss embassy, which represents US interests in Tehran, 'emphasised that Iran has not played any role in this attack', the official IRNA news agency said.

Saudi Arabia promises to show 'material evidence' linking Iran to oil attacks as tensions escalate in West Asia
World

Saudi Arabia promises to show 'material evidence' linking Iran to oil attacks as tensions escalate in West Asia

Saudi Arabia said it would show evidence on Wednesday linking regional rival Tehran to an unprecedented attack on its oil industry that Washington believes originated from Iran in a dangerous escalation of Middle East frictions

Saudi Arabia's costly western military hardware no match for low-cost drones, missiles used in Aramco attacks
World

Saudi Arabia's costly western military hardware no match for low-cost drones, missiles used in Aramco attacks

Billions of dollars spent by Saudi Arabia on cutting edge Western military hardware mainly designed to deter high altitude attacks has proved no match for low-cost drones and cruise missiles used in a strike that crippled its giant oil industry

Saudi oil attacks came from southwest Iran, says US official; Tehran denies involvement as Houthi rebels claim responsibility
World

Saudi oil attacks came from southwest Iran, says US official; Tehran denies involvement as Houthi rebels claim responsibility

The United States believes the attacks that crippled Saudi Arabian oil facilities last weekend originated in southwestern Iran, a US official told Reuters on Tuesday

No effect on oil supply to India following attacks on Aramco centres, assures Petroleum Minister Dharmendra Pradhan
India

No effect on oil supply to India following attacks on Aramco centres, assures Petroleum Minister Dharmendra Pradhan

Petroleum Minister Dharmendra Pradhan on Tuesday expressed confidence that there will be no effect on oil distribution and supply in the country following attacks on the oil stabilisation centres of Saudi oil giant Aramco

Saudi Aramco: From 'Prosperity Well' to energy giant, oil company lands in crisis after persistent attacks; IPO plans suffer setback
Business

Saudi Aramco: From 'Prosperity Well' to energy giant, oil company lands in crisis after persistent attacks; IPO plans suffer setback

From the 1990s, Aramco invested hundreds of billions of dollars in massive expansion projects, raising its oil output capacity to over 12 million bpd, besides making bold international acquisitions and JVs.

Oil prices soar more than 10% to six-month high post-Saudi plant attacks; investor concerns mount, gold prices up 1%
Business

Oil prices soar more than 10% to six-month high post-Saudi plant attacks; investor concerns mount, gold prices up 1%

Tehran denies the accusations but the news has revived fears of a conflict in the tinderbox Middle East after a series of attacks on oil tankers earlier this year that were also blamed on Iran.

Donald Trump’s threat in response to drone attack on Saudi Arabia’s Aramco oil plant raises regional tensions with Iran
World

Donald Trump’s threat in response to drone attack on Saudi Arabia’s Aramco oil plant raises regional tensions with Iran

A weekend drone attack on Saudi Arabia that cut into global energy supplies and halved the kingdom’s oil production threatened Sunday to fuel a regional crisis, as the US released new evidence to back up its allegation that Iran was responsible for the assault amid heightened tensions over Tehran’s collapsing nuclear deal.