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Sunday , November 18 2018

Tag Archives: ARAMCO

Bruised bankers seek consolation prizes after shelved Aramco IPO

Privatisation programme still expected to raise up to $11 bln DUBAI/LONDON, Sept 1, (RTRS): Investment banks which lost out on big payouts for the work on the shelved listing of oil giant Aramco are lining up for a raft of other projects as Saudi Arabia pursues reforms. Banks including JPMorgan …

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Shelved Aramco ‘listing’ hits at heart of Saudi prince’s reforms

Doubts raised about commitment to new culture of openness DUBAI/RIYADH, Aug 26, (RTRS): Saudi Arabia’s decision to shelve what was billed as the biggest share sale ever is a major blow to the credibility of Crown Prince Mohammed bin Salman but there are other ways to fi nance reforms to …

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Aramco to buy Sabic petrochemical?

SAUDI ARAMCO last week announced its intention to buy a major share in the Saudi petrochemical company Sabic, which is the fourth largest company in the world with market value close to $100 billion. It has appointed two major American financial consultants to assess and evaluate Sabic assets. This could …

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Aramco and ADNOC in joint venture in India – Is there any synergy?

Independent Oil Analyst In April this year, Saudi Aramco bought 50 percent shares of a new yet-to-be-built refinery and petrochemical complex in Ratnagiri, west coast of India with Indian Oil Company (IOC) at a cost of $44 billion. The acquisition is part of Saudi’s expansion plans for investing in growing …

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Lady without hijab in Aramco

YES indeed, the Kingdom of Saudi Arabia recently appointed a woman as one of the board members of its major company and the world’s top oil company “Aramco”, the oil fields of which produce ten million barrels of oil per day. The appointee is Lynn Laverty Elsenhans — former chairperson, …

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Saudi Aramco appoints new board members including a woman

DUBAI, April 29 (Reuters) – Saudi Aramco, the world’s top oil company, has appointed five new members to its board including a woman executive, the state run company said on Sunday. Saudi Arabian Minister of Finance Mohammed al-Jadaan and Minister of Economy and Planning Mohammed al-Tuwaijri were named as members …

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Saudi Aramco says Jizan facilities safe after Houthis claim attack

DUBAI, April 11 (Reuters) – Saudi Aramco said on Wednesday its facilities in the southwestern province of Jizan were operating “normally and safely” after Yemen’s Houthi movement said it launched a drone strike on a facility belonging to the Saudi state energy company. Share

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Saudi invites bankers to pitch for Aramco listing roles

LONDON/DUBAI, Jan 8, (RTRS): Saudi Aramco has invited banks pitching for roles in its stock market listing, including Citi and Goldman Sachs, for meetings in the kingdom in the coming weeks to make their case, according to three banking sources familiar with the matter. The meetings are an indication that …

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Hesitant Saudi Aramco and its privatization challenge – Transparency critical for int’t exchanges

Since the Saudi oil giant’s announcement to go public, the international press has been raising some crucial questions concerning the public offering of five percent assets by the end of next year. The press’ questions are related to transparency and complete openness to the public, opening of its books and …

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Saudi Aramco oil reserves dip in 2016 but daily output hits record – Gas reserves rise; two new oil fields discovered

KHOBAR, Saudi Arabia, July 6, (RTRS): Saudi Aramco said on Thursday its recoverable crude oil and condensate reserves slipped to 260.8 billion barrels at the end of 2016 but its daily crude oil production hit a new record of 10.5 million barrels per day. Aramco’s reserves stood at 261.1 billion …

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