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  • Major Chinese investors in talks to take Saudi Aramco stake: Sources Apr 29, 2021 09:05 AM IST

    Major Chinese investors in talks to take Saudi Aramco stake: Sources

    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.

  • Long-serving Saudi oil minister Ahmed Zaki Yamani dies at 90 Feb 23, 2021 04:31 PM IST

    Long-serving Saudi oil minister Ahmed Zaki Yamani dies at 90

    Yamani also oversaw what would become the full nationalization of the Arabian American Oil Co. after the 1973 oil crisis.

  • What the RIL oil-to-chemicals spinoff means for company, investors Feb 23, 2021 01:05 PM IST

    What the RIL oil-to-chemicals spinoff means for company, investors

    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.

  • Reliance Industries: On a four-lane superhighway Feb 23, 2021 12:32 PM IST

    Reliance Industries: On a four-lane superhighway

    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

  • Even with some interest in BPCL, things don't look good for privatisation plan Nov 17, 2020 06:28 PM IST

    Even with some interest in BPCL, things don't look good for privatisation plan

    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.

  • We're still working on deal to invest in Reliance Industries, says Aramco CEO Aug 09, 2020 05:28 PM IST

    We're still working on deal to invest in Reliance Industries, says Aramco CEO

    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.

  • Saudi shares tumble as Aramco drops 10% Mar 09, 2020 01:30 PM IST

    Saudi shares tumble as Aramco drops 10%

    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.

  • Saudi Aramco IPO: Shares list with 10% gains on Riyadh stock exchange Dec 11, 2019 02:39 PM IST

    Saudi Aramco IPO: Shares list with 10% gains on Riyadh stock exchange

    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.

  • MSCI, S&P Dow Jones, FTSE Russell could fast-track Aramco into indices Nov 17, 2019 08:25 AM IST

    MSCI, S&P Dow Jones, FTSE Russell could fast-track Aramco into indices

    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.

  • Politics | New energy in India-Saudi Arabia ties Oct 31, 2019 08:54 AM IST

    Politics | New energy in India-Saudi Arabia ties

    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.

  • Finance royalty descend on Saudi forum as Aramco listing looms Oct 29, 2019 08:35 PM IST

    Finance royalty descend on Saudi forum as Aramco listing looms

    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.

  • Business deals worth $15 billion signed at key financial summit in Saudi Arabia Oct 29, 2019 06:54 PM IST

    Business deals worth $15 billion signed at key financial summit in Saudi Arabia

    These agreements reflect the enormous potential that Saudi Arabia offers to investors from across the Kingdom and around the world, it added.

  • Aramco going ahead with IPO despite attacks: Report Sep 17, 2019 02:03 PM IST

    Aramco going ahead with IPO despite attacks: Report

    Drones attacked two of Aramco’s facilities on September 14, cutting oil production by more than half.

  • Is the government selling its stake in BPCL for a song? Sep 04, 2019 08:40 AM IST

    Is the government selling its stake in BPCL for a song?

    For IOC, acquiring BPCL at current market price may not be a bad deal

  • This is the world's most profitable firm, and it's not Apple or Google Apr 02, 2019 03:54 PM IST

    This is the world's most profitable firm, and it's not Apple or Google

    The usually secretive Aramco was forced to share its financial details ahead of its debut in the international bond market.

  • Saudi's Aramco CEO says oil industry facing 'a crisis of perception' Feb 26, 2019 03:00 PM IST

    Saudi's Aramco CEO says oil industry facing 'a crisis of perception'

    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.

  • Saudi Aramco picks banks for debut international bond Feb 14, 2019 05:22 PM IST

    Saudi Aramco picks banks for debut international bond

    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.

  • Aramco listing plan halted, oil giant disbands advisors; Saudi energy minister denies Aug 23, 2018 08:38 AM IST

    Aramco listing plan halted, oil giant disbands advisors; Saudi energy minister denies

    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.

  • What ADNOC's investment in the Ratnagiri refinery means for India Jun 27, 2018 02:47 PM IST

    What ADNOC's investment in the Ratnagiri refinery means for India

    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

  • ADNOC joins Saudi Aramco to take stake in $44 bn Ratanagiri refinery Jun 25, 2018 02:41 PM IST

    ADNOC joins Saudi Aramco to take stake in $44 bn Ratanagiri refinery

    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).

  • Russia eyes multi-million-dollar Saudi investment deals, Aramco IPO Feb 14, 2018 06:26 PM IST

    Russia eyes multi-million-dollar Saudi investment deals, Aramco IPO

    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.

  • Petronas, Aramco keen on $1.8 billion Daewoo E&C controlling stake: Report Sep 01, 2017 11:41 AM IST

    Petronas, Aramco keen on $1.8 billion Daewoo E&C controlling stake: Report

    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.

  • Aramco has expressed interest to invest in West Bengal : Mamata Banerjee Sep 01, 2017 08:46 AM IST

    Aramco has expressed interest to invest in West Bengal : Mamata Banerjee

    "They (Aramco officials) have shown interest in investing in West Bengal," Banerjee told reporters at the secretariat.

  • HSBC wins mandate on $100 billion Saudi Aramco IPO: CEO Apr 24, 2017 03:36 PM IST

    HSBC wins mandate on $100 billion Saudi Aramco IPO: CEO

    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.

  • ONGC may have to shell out at least Rs 44,000 cr  for HPCL deal Feb 27, 2017 05:23 PM IST

    ONGC may have to shell out at least Rs 44,000 cr for HPCL deal

    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.

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