Apr 29, 2021 09:05 AM IST
Saudi Arabia was in discussions to sell 1% of Aramco to a leading global energy company and could sell further shares including to international investors within the next year or two, Crown Prince Mohammed bin Salman said in televised remarks on Tuesday.
- Feb 23, 2021 04:31 PM IST
Yamani also oversaw what would become the full nationalization of the Arabian American Oil Co. after the 1973 oil crisis.
- Feb 23, 2021 01:05 PM IST
RIL 2.0: Mukesh Ambani-led Reliance Industries’ demerger plan for the O2C business checks all the boxes on monetisation, growth, and preparation for the future.
- Feb 23, 2021 12:32 PM IST
The proposed reorganisation of the O2C business adds to the prospect of raising growth capital, which in turn will serve as a catalyst for the legacy growth engine of RIL
- Nov 17, 2020 06:28 PM IST
On Tuesday, BPCL shares closed 4.4 per cent lower. That would value the centre’s 53 per cent stake at around Rs 45,000 crore. And this time around, officials aren’t even remotely willing to hazard a guess on what sort of premium the government would get on its stake.
- Aug 09, 2020 05:28 PM IST
At the 43rd Annual General Meeting held virtually on July 15, Mukesh Ambani said the deal with Saudi Aramco had not progressed as per the earlier timeline due to the COVID-19 pandemic.
- Mar 09, 2020 01:30 PM IST
The drop comes following a crash in oil prices on the global market after OPEC and its allies failed to reach a deal on production cuts to shore up prices dented by the coronavirus.
- Dec 11, 2019 02:39 PM IST
Aramco's shares leapt to 35.2 riyal ($9.39) each, up from the IPO price of 32 riyals and at the daily limit of price moves allowed by the Tadawul exchange.
- Nov 17, 2019 08:25 AM IST
Aramco is due to announce the pricing of its IPO on November 17, but it is unclear whether more details around timing will be disclosed.
- Oct 31, 2019 08:54 AM IST
India and Saudi Arabia are re-defining their foreign policy priorities: For New Delhi, Saudi Arabia and the Arab Gulf states are becoming key interlocutors in the Middle East. For Riyadh, India is one of the eight major powers with which it wants to forge strategic partnerships as part of its Vision 2030.
- Oct 29, 2019 08:35 PM IST
Prince Mohammed launched in 2016 a plan to transform the economy of the world's largest crude exporter and wean it off oil by developing new industries, but outside the entertainment and tourism sectors little progress had been made.
- Oct 29, 2019 06:54 PM IST
These agreements reflect the enormous potential that Saudi Arabia offers to investors from across the Kingdom and around the world, it added.
- Sep 17, 2019 02:03 PM IST
Drones attacked two of Aramco’s facilities on September 14, cutting oil production by more than half.
- Sep 04, 2019 08:40 AM IST
For IOC, acquiring BPCL at current market price may not be a bad deal
- Apr 02, 2019 03:54 PM IST
The usually secretive Aramco was forced to share its financial details ahead of its debut in the international bond market.
- Feb 26, 2019 03:00 PM IST
Amin Nasser, CEO of the national oil company of the world's top crude-exporting country, told an industry event in London that demand for oil is expected to increase substantially, driven mainly by the transportation sector.
- Feb 14, 2019 05:22 PM IST
The state oil giant has picked a group of banks including JPMorgan, Morgan Stanley, Citi, HSBC and Saudi Arabia's National Commercial Bank, the sources said.
- Aug 23, 2018 08:38 AM IST
Saudi Aramco did not immediately respond to an emailed request for comment. The Saudi authorities did not immediately respond to requests for comment amid a week-long holiday.
- Jun 27, 2018 02:47 PM IST
The company has signed an agreement to partner with Saudi Aramco to buy 50 percent stake in the $44 billion Ratnagiri oil refinery and petrochemical project
- Jun 25, 2018 02:41 PM IST
Aramco and ADNOC will together hold 50 per cent stake in the 60 million-tonne-a-year refinery and adjacent 18 million-tonne-petrochemical complex while the remaining half will be split between state-owned Indian Oil Corp (IOC), Bharat Petroleum Corp (BPCL) and Hindustan Petroleum Corp (HPCL).
- Feb 14, 2018 06:26 PM IST
Saudi officials have said the government plans to sell up to 5 percent of Aramco shares on one or more foreign exchanges in addition to Riyadh.
- Sep 01, 2017 11:41 AM IST
The 50.75 percent Daewoo E&C stake is being put up for sale by state-owned Korea Development Bank (KDB), which in July said BoA Merrill Lynch and Mirae Asset Daewoo Securities have been appointed as its advisers on the deal. The stake was valued at 1.48 trillion won as of Thursday's closing price.
- Sep 01, 2017 08:46 AM IST
"They (Aramco officials) have shown interest in investing in West Bengal," Banerjee told reporters at the secretariat.
- Apr 24, 2017 03:36 PM IST
Europe's biggest bank joins peers including JPMorgan Chase & Co and Morgan Stanley on the deal, which is expected to raise some $100 billion and is the centrepiece of the Saudi government's ambitious strategy to diversify away from oil.
- Feb 27, 2017 05:23 PM IST
The cash outgo will go towards acquiring the government holding as well as buying an additional 26 percent stake in HPCL via an open offer.