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Saudi Arabia likely to invest $100 billion in India in infrastructure, agriculture, other areas
Sun, Sep 29, 2019
Saudi Arabia is likely to invest $100 billion in areas of petrochemicals, infrastructure and mining among others. The world’s biggest oil exporter has taken the decision considering country’s growth potential.
Saudi Aramco hires UBS, Deutsche as bookrunners for its IPO: Sources
Sat, Sep 21, 2019
Aramco finalised nine banks for top roles as global coordinators in recent weeks, Reuters has reported. More banks are expected to be named in junior roles, the sources said.
Donald Trump says US 'locked and loaded' for potential response to Saudi oil attack
Mon, Sep 16, 2019
U.S. President Donald Trump said on Sunday that the United States was "locked and loaded" for a potential response to the attack on Saudi Arabia`s oil facilities, after a senior official in his administration said Iran was to blame.
Saudi Aramco attack: Investigation of drone strike on oil facilities still on
Mon, Sep 16, 2019
Saudi Arabia authorities continued investigating the destructive drone attack by Yemeni Houthi rebels against two Aramco facilities earlier this weekend.
Aramco''s $10 billion-plus bond plan shows profits put top earner Apple in shade
Mon, Apr 01, 2019
Saudi Aramco made core earnings of $224 billion last year, almost three times as much as Apple, figures from the state-owned company showed on Monday ahead of its debut international bond issue.
ONGC Petro stake buy: Aramco leads; Kuwait Petroleum too in race
Thu, Sep 20, 2018
The race for a strategic stake in ONGC Petro Additions Ltd (OpaL) is leading by Aramco, Saudi Arabia’s state-owned oil company.
JPMorgan, Morgan Stanley picked to advise on Aramco's SABIC deal
Tue, Jul 24, 2018
Aramco confirmed a Reuters report that it was working on the possible purchase of a "strategic stake" in Saudi Basic Industries Corp (SABIC) from the Public Investment Fund (PIF), Saudi Arabia`s top sovereign wealth fund.
Russia may back Aramco IPO, enhance OPEC ties
Tue, Jan 23, 2018
Sources told Reuters last year Chinese state oil companies were willing to become cornerstone investors in the Aramco IPO which could become the world`s biggest, valuing the firm at up to $2 trillion and raising more than $100 billion.
Saudi Arabia changes Aramco status to joint-stock company: official bulletin
Fri, Jan 05, 2018
The sale of around 5 percent of Aramco, expected to go ahead in 2018, is a centrepiece of Vision 2030, a reform plan to reduce the dependence of the Saudi economy on oil.
India could invest in Aramco IPO to strengthen ties
Tue, May 23, 2017
"I`m expecting Aramco to be a supplier for a very long time... We discussed the idea with (Saudi energy) minister (Khalid al) Falih in Houston this year. They (Aramco) are interested in the joint venture," Pradhan said in an interview.
Oil wars: How Kremlin's $13 billion Indian deal almost fell apart
Wed, Nov 16, 2016
Putin`s spokesman Dmitry Peskov denied there was any Kremlin intervention in the deal.