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Saudi Aramco News
Reliance Industries set for $15 billion boost? 25% stake sale talks in unit on with Saudi co
Wed, Apr 17, 2019
Saudi Aramco, the world`s largest crude oil producer, is in "serious discussions" to acquire up to a 25 percent stake in Reliance Industries` refining and petrochemicals businesse
Saudi Aramco eclipses top earner Apple ahead of debut $10 bn-plus bond sale
Mon, Apr 01, 2019
Saudi energy minister Khalid al-Falih said earlier this year the planned bond sale would raise around $10 billion, but banking sources said the transaction could be larger. Rating agencies Fitch and Moody`s rated Aramco A+ and A1 respectively, but both said that without sovereign rating constraints Aramco would be in the same league as better-rated international oil companies like Exxon Mobil, Chevron and Shell.
Saudi Aramco agrees to buy SABIC in $69 billion chemicals megadeal
Thu, Mar 28, 2019
The deal could inject billions of dollars into the PIF, giving it the firepower to proceed with its plans to create jobs and diversify the largest Arab economy beyond oil exports, including a mega business zone in the northwest of the country.
Saudi ARAMCO and ADNOC sign MoU to participate in the Ratnagiri Refinery project in Maharashtra
Wed, Jun 27, 2018
The MoU was signed in presence of His Highness Sheikh Abdullah bin Zayed bin Sultan Al Nahyan, UAE Minister of Foreign Affairs and International Cooperation and Dharmendra Pradhan, Minister of Petroleum and Natural Gas & Skill Development & Entrepreneurship, Government of India.
India gets highest ever funding in refinery sector, big booster for HPCL, IOCL, BPCL
Mon, Jun 25, 2018
The investment by Saudi ARAMCO and ADNOC in the $44 billion project will be the highest ever overseas investment in the Indian refining sector.
Land acquisition woes thwart India's mega refinery plan with Saudi Aramco
Thu, May 17, 2018
Thousands of farmers oppose the refinery and are refusing to surrender land, fearing it could damage a region famed for its Alphonso mangoes, vast cashew plantations and fishing hamlets that boast bountiful catches of seafood. "We earn enough to fulfil our needs and we do not want to surrender our lands for a refinery at any cost," says Sandesh Desai, standing amid his fruit-laden mango orchard in Nanar, a village in Ratnagiri district, some 400 km (250 miles) south of Mumbai.
Jet fuel demand in India to soar as domestic air travel takes off
Wed, Apr 18, 2018
A government push to connect more cities via airports as an expanding middle class increasingly takes to the skies is set to help propel the country`s demand for jet fuel to record highs this year.
Saudi Aramco picks up 50% stake in Maharashtra refinery
Wed, Apr 11, 2018
The Saudi national oil company will supply half of the crude oil required for processing at the refinery, he said. State-owned refiners Indian Oil Corp (IOC), Hindustan Petroleum Corp Ltd (HPCL) and Bharat Petroleum Corp Ltd (BPCL) will own the remaining 50 per cent stake.
Saudi Aramco looking to buy stake in existing Indian refineries
Sat, Feb 24, 2018
The company has signed an agreement to initiate talks for a possible stake in the proposed Rs 1.8 lakh crore refinery in Maharashtra
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.
Russian Rosneft's $12.9 billion Essar Oil deal held up over debt issues
Thu, May 11, 2017
Sources said some lenders might be seeking to gain concessions on other debt with Essar units before giving their approval.
Saudis take 100% control of America's largest oil refinery
Tue, May 02, 2017
Port Arthur is considered the crown jewel of the US refinery system. The Gulf Coast facility can process 600,000 barrels of oil per day, making it the largest refinery in North America, CNNMoney reported.
Saudis, oil majors discuss gas investments ahead of giant IPO
Tue, Apr 11, 2017
Officials of Saudi Arabia have explored investment opportunities with firms including BP and Chevron to help develop its gas reserves.
Indian Oil expects crude processing to edge up in 2017-18 despite maintenance work at some plants
Tue, Feb 07, 2017
Indian Oil Corporation has said that its crude processing for 2017-18 will inched up despite planned maintenance at some plants.
Saudi Arabia to sell 49% of Aramco within decade: Report
Sun, Dec 25, 2016
Saudi Arabia plans to sell up to 49% of its oil giant Saudi Aramco within 10 years as the world`s largest crude exporter tries to lower its deficit, local media said on Saturday.
Saudi Aramco keen to market fuels in India, says oil minister
Fri, Jun 03, 2016
India is looking at ways to help the world's top oil exporter, Saudi Aramco, enter into the local fuel retail sector.