The country is already too reliant on imported crude. Cozying up to the Middle Eastern giant will only make matters worse
A minority stake sale could fetch around $10 billion to $15 billion, valuing the Indian company's refining and petrochemicals businesses at around $55 billion to 60 billion, the report said
As part of its debut in the global debt market, Aramco has offered bonds in six portions, from three to 30 years, according to the people familiar with the matter
The credit rating, a first for Aramco, offers the first glimpse into the accounts of the company, which have remained secret since its nationalization in the late 1970s
Refinery will be built at a place where local population won't oppose the project, says Chief Minister Devendra Fadnavis.
The $44 billion refinery was seen as a game changer for both parties - offering India steady fuel supplies and meeting Saudi Arabia's need to secure regular buyers for its oil
Nasser also said Aramco plans to invest $100 billion over the next 10 years in chemicals globally
The company did not provide details on the nature of the deals
Saudi company committed to IPO, awaits best timing: Nasser
Last month, Saudi Aramco signed a long-term deal with the Zhejiang project's operator Zhejiang Rongsheng to supply crude oil.
Saudi minister assures no supply shortage to India, believes conventional fuel will continue to dominate the energy sector
The planned listing of the world's biggest oil producer was to be the cornerstone of the kingdom's promised economic overhaul
One obvious explanation for deferring the IPO further still is that while oil prices are far better than they were in early 2016, oil at $70-ish a barrel isn't enough to pull the trigger
The $20 billion project would build a complex that converts crude oil into chemicals directly, bypassing the refining stage
Adnoc to invest in Rs 3 trillion West Coast refinery
Aramco is currently producing 10 million barrels per day (mbpd) and has the ability to produce 12 mbpd
The villagers have lived an agrarian way of life for generations and fear their livelihoods will be threatened once the plant comes up
As the kingdom prepares for its next evolution, Saudi Aramco is central but a planned public listing leaves the company, and the country, at risk
The Aramco board meets next in early May in Houston where they will review the latest IPO developments, sources said
Prince Salman wants to raise a record $100 billion by selling a 5% stake in Aramco on local and foreign exchanges