Page 20 - Saudi Aramco

Saudi Aramco CEO hints at early local listing, silent on stake sale quantum

Reports have emerged that 1 per cent of the company could be sold locally later this year before more is sold on an international market.

Saudis replace Aramco chairman with wealth fund boss ahead of IPO

Saudis Replace Aramco Chair With Wealth Fund Boss Before IPO

Aramco eyes two-stage IPO, favours Tokyo for international listing: Report

If confirmed, that would be a setback for London, New York and Hong Kong, which have all vied for a slice of the much-touted IPO

Big and bigger

Some of the biggest names in Indian business are shedding their reticence and letting in global firms into their parlours

L&T consortium bags offshore jacket installation project from Saudi Aramco

Larsen & Toubro on Thursday said a consortium of its arm LTHE, and EMAS AMC PTE Ltd has been awarded a project by Saudi Aramco for offshore jackets. The project is for installing 28 offshore jackets in Zuluf, Marjan, Sfaniya and Ribyan offshore fields of Saudi Arabia, as per a BSE filing by L&T. "Consortium of L&T Hydrocarbon Engineering Ltd (LTHE) and EMAS AMC PTE Ltd (a subsea7 company) has been awarded a project by Saudi Aramco," it said. LTHE is a subsidiary of L&T and is based in Mumbai. The award demonstrates Saudi Aramco's trust on LTHE's capability to deliver to a challenging schedule with excellent safety and quality performance, it said. LTHE's fabrication facilities in the Middle East and India are fully equipped to execute these challenging projects, the company added. subsea7 is a Luxembourg-based offshore projects delivering company.

RIL upside on asset monetisation, refining mkt rebalancing: Morgan Stanley

RIL announced agreeing to a non-binding letter of intent from Saudi Aramco regarding proposed investment in its refining, petrochemicals, and fuel marketing business

Saudi Aramco defends hold on coveted Indian oil market with Reliance tie-up

Aramco's plan to buy 20% of the oil-to-chemicals business of Reliance comes with an assurance to buy half a million barrels a day of the kingdom's crude on a long-term basis

Explained: Why RIL-Aramco deal could be a template for refinery sector

The big question is how far India has become a favoured destination for the oil refineries to uproot their investments from Europe and elsewhere to plug and play here

Moody's says Reliance's 20% stake sale to Saudi Aramco credit positive

The company also announced that it has entered into a deal with BP to sell 49 per cent stake in its fuel marketing business in India for $1 billion

What makes India a hotspot for Saudi Aramco, Adnoc, other global oil firms

Experts say local demand, government policies in retail and refining sector are attracting foreign players

Saudi Aramco remains world's most profitable company even as oil falls

Aramco plans to buy a stake in the refining and chemicals business of Reliance Industries Ltd as it seeks buyers for its crude and diversification downstream

Top 10 business headlines: Aramco's RIL stake buy, angel tax relief & more

From Anil Agarwal pulling out of race for acquiring grounded Jet Airways to poorer states scoring big in GST mop-up, here are the top business headlines on Tuesday

Saudi Aramco to acquire 20% stake in RIL's oil-to-chemical business

Partnerships with Aramco, BP will bring in Rs 1.1 trillion; funds to be used to pare debt

Saudi Aramco interest in Reliance Industries upstages PSU mega refinery

The oil-to-chemicals division of RIL comprises refining, petrochemicals, and fuel marketing businesses

Aramco deal more to secure crude supply than deleveraging: RIL officials

The O2C business has been the cash churner for RIL, say senior company officials

Reliance Industries to earn $990 mn in fuel retail deal with UK's BP Plc

Aramco agreed to buy a 20% stake in Reliance's oil refining and petrochemicals division

Saudi Aramco's H1 2019 net income slips to $46.9 bn on lower oil prices

The fall in income, owing to lower oil prices, comes amid renewed speculation the company was preparing for its much-delayed overseas stock listing

Saudi oil firm Aramco's valuation gap persists even as IPO talks resume

Prince Mohammed put a $2 trillion valuation on the state company in early 2016 when he first proposed a share sale to diversify Saudi Arabia's economy beyond oil

Govt raises cost of refinery project with Aramco by 36% to $60 bn: Report

The project cost at the signing of a deal with Saudi Aramco in 2018 was pegged at $44 billion

Aramco to buy Shell's stake in Saudi refining JV for $631 million

Aramco aims to become a global leader in chemicals and the world's largest integrated energy firm, with plans to expand its refining operations and petrochemical output