Saudi Aramco Company News
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Saudi Oil Minister Says Full Aramco IPO Is on Track for 2018
Wednesday, October 18, 2017 Saudi Arabia is still aiming to complete both international and domestic portions of the initial public offering of its state oil company.
Saudis Said to Weigh Delaying International Part of Aramco IPO
Friday, October 13, 2017 Saudi Arabia is considering selling shares in Saudi Aramco next year while delaying the international portion of the IPO until 2019, according to sources.
How Deep Will Saudi Cut Its Oil Output? To the Lowest Since 2015
Tuesday, October 10, 2017 Saudi Arabia has promised to do 'whatever it takes' to end the global oil gut.
Saudi Aramco Plans 'Mega Investment' in World's Top Oil Guzzler
Monday, October 09, 2017 The oil industry is pinning its hopes on India and China, together home to four of every 10 people in the world.
Saudi Aramco to Boost Turnkey Drilling Contracts
Thursday, October 05, 2017 Saudi Aramco plans to increase turnkey drilling contracts as part of a strategy to boost collaboration with major oilfield service providers, four industry sources said.
Petronas Chem Sells Half Of Polymers Business To Saudi Aramco For $900MM
Monday, October 02, 2017 Petronas Chemicals Group Bhd (PCG) says it plans to sell 50% of a polymers unit to Saudi Aramco's wholly owned subsidiary.
Middle East Oil Producers Turn to Crude Trading to Boost Incomes
Friday, September 29, 2017 Other OPEC members are joining in as oil prices remain at roughly half their levels of mid-2014.
Aramco Plans to Buy Non-Saudi Crude in Global Trading Expansion
Tuesday, September 19, 2017 Saudi Aramco plans to expand its trading business by buying and selling non-Saudi crude as the world's biggest exporter prepares for what could be a record initial public offering.
Saudis Are Said to Prep for Possible Aramco IPO Delay to '19
Thursday, September 14, 2017 Saudi Arabia is preparing contingency plans for a possible delay to the initial public offering of its state-owned oil company by a few months into 2019, according to people familiar with the matter.
Will Saudi Aramco Deliver World Record Profit For Next Year's IPO?
Friday, September 08, 2017 When Saudi Aramco discloses its financials for the first time next year, it must either surprise investors with world record profits or reduce its aspirations for a $2T valuation in its IPO.
Saudi Aramco Uses New Technology To Re-Explore Vast Empty Quarter
Thursday, August 31, 2017 Saudi Aramco is using new technology to re-explore areas of the vast Arabian desert known as the Empty Quarter.
Dow Chemical Plans to Boost Stake in Sadara JV to 50 Pct
Monday, August 28, 2017 The Sadara complex has 26 integrated facilities and the capacity to produce more than 3 million tonnes of products per year.
Saudi Aramco, SABIC Launch Bidding At Key Chemical Project
Thursday, August 24, 2017 Saudi Aramco and SABIC have launched bidding for engineering work on their joint crude oil to chemicals project.
Falih: Saudi Aramco To Sign China's Yunnan Refinery Deal In 6 Months
Wednesday, August 23, 2017 Saudi Aramco is expected to sign a final deal with PetroChina within six months to invest in its Yunnan refinery.
Saudi's Sadara Commissions Last Plant of Its Saudi Petchem Complex
Monday, August 14, 2017 TDI is mainly used in the production of flexible polyurethane foam for furniture, mattresses and car seats.
Saudis Said to Weigh Oil-Price Linked Tax for Aramco Before IPO
Monday, July 31, 2017 Saudi Arabia is considering a flexible tax system for state-owned oil company Aramco that would increase royalty payments when crude prices rise, according to people familiar.
Saudi Aramco To Complete Phase 1 Of Expanded Gas Pipeline By Year End
Wednesday, July 26, 2017 Saudi Aramco will complete the first phase of an expansion of the main gas pipeline across Saudi Arabia by the end of this year.
First Phase of Saudi Aramco's Energy Industrial City Complete in 2021
Tuesday, July 18, 2017 State oil firm Saudi Aramco said the first phase of a new Energy Industrial City in Saudi Arabia will be completed in 2021.
New UK Listing Rules Set to Attract State Companies Beyond Aramco
Monday, July 17, 2017 Saudi Arabia, Oman and Abu Dhabi have all announced plans in the past year to float some of their oil assets.
Britain Seeks Looser IPO Rules To Lure Saudi Aramco, Worries Investors
Thursday, July 13, 2017 Britain wants to loosen rules on listing state companies in a move that could help London win the lucrative IPO of oil giant Saudi Aramco but has raised fears for minority investors.
India Wants $300 Billion in Oil Spending to Meet Growing Demand
Wednesday, July 12, 2017 India needs investments to boost the production of natural gas and crude oil, and to refine, transport and distribute the fuel to households, Oil Minister Dharmendra Pradhan said.
Aramco to Spend $300 Billion as CEO Frets About Oil Supplies
Tuesday, July 11, 2017 Saudi Aramco, which plans what could be the world's biggest initial public offering, will invest more than $300 billion over the next decade to maintain its spare oil-production capacity and explore for more natural gas.
Report: Saudi Aramco's Manifa Oilfield Production Hit by Technical Issue
Tuesday, July 11, 2017 Output from Saudi Aramco's massive Manifa oilfield has been hit by a technical problem, the International Oil Daily reported.
Saudi Aramco to Meet Asia Demand for August Crude in Full -Sources
Tuesday, July 11, 2017 Saudi Arabia has been cutting exports to Europe and the United States to comply with a production cut deal.
Saudi Aramco Reaffirms Commitment to Pertamina JV as CEOs Meet
Friday, July 07, 2017 The Indonesia refinery upgrade will increase capacity to 400,000 from 348,000 barrels per day.
Saudi Aramco Says Oil Reserves Steady, Output At Record Ahead Of IPO
Thursday, July 06, 2017 Saudi Aramco says its crude oil and condensate reserves held steady last year despite record production.
India Minister: Saudi Aramco Seeks Exclusive Talks Over India Oil Refinery
Wednesday, June 14, 2017 Saudi Aramco wants to enter into exclusive talks with India to buy a stake in the planned 1.2 million barrels per day refinery.
Op-Ed: $1 Trillion on the Line, and Saudi Aramco IPO Riddled with Risk
Tuesday, June 13, 2017 One trillion dollars, one trillion problems: Saudi Aramco weighs which exchange is worth the gamble for its IPO.
Saudi Aramco to Spend $18B on Growth in the Americas -Motiva
Friday, May 26, 2017 Motiva called the $18 billion estimate "a general framework of opportunities."
Saudi Aramco Plans Up to $30B Investment in Motiva by 2023
Wednesday, May 24, 2017 Motiva's Port Arthur facility is already the largest refinery in the United States.
Op-Ed: With Saudi Aramco IPO Looming, Of Course OPEC Will Extend Oil Quotas
Thursday, May 18, 2017 Markets yawn as Russia, Saudi Arabia envoys tease extending crude oil production quotas into 2018.
Saudi Aramco Says to Set Up New Chemicals Unit
Wednesday, May 17, 2017 Downstream, covering refining and chemicals, is an important area for the company as it diversifies operations as it prepares for an initial public offering.
Saudi Aramco Tightens Grip in Top Oil Market With China Refinery
Wednesday, May 17, 2017 Saudi Arabian Oil Co. agreed to build a refinery and petrochemical plant in China, deepening ties between world's biggest oil seller and its largest importer.
Saudi Aramco Said to Make Leadership Changes Ahead of IPO
Tuesday, May 16, 2017 Aramco has announced plans to invest in the refining industry in the U.S. after the breakup of its 19-year Motiva refining partnership with Shell.
China's Norinco and Saudi Aramco Line Up $10B Refinery Plan
Tuesday, May 16, 2017 The investment would boost Aramco's presence in China's massive refining industry.
Saudi Aramco to Cut June Oil Supply to Asia by About 7 Million Barrels
Tuesday, May 09, 2017 Saudi Aramco will reduce oil supplies to Asia by about 7 million barrels in June, a source said.
Petronas and Saudi Aramco Explore Petrochemicals Expansion in Malaysia
Monday, May 08, 2017 Malaysian state-owned oil company Petronas and its partner Saudi Aramco are studying projects to build more petrochemical plants to make full use of raw materials from their joint venture in Malaysia.
India's Top Refiner in Early Talks with Aramco for Downstream Project
Monday, May 08, 2017 India, the world's third biggest oil consumer, plans to build a 1.2 million bpd refinery to petrochemical project in the country's west coast to feed its growing fuel demand.
Saudis to Control Crude Reserves, Output After Aramco IPO
Wednesday, May 03, 2017 Saudi Arabia's giant oil and gas reserves and any decisions about producing from them will remain solely in government hands after Saudi Aramco's initial public offering.
Aramco Cuts Asia Oil Pricing as Saudis Seen Losing Market Share
Monday, May 01, 2017 Saudi Arabia cut pricing for June oil exports to Asia as it fights to defend sales in its biggest regional market.
Saudi Aramco CEO Says Peak Oil Demand Is a Misleading Theory
Thursday, April 27, 2017 The boss of Saudi Arabia's state oil company defended petroleum as the mainstay of the global economy.
Aramco CEO Sees Oil Market Closer to Balance Despite US Boom
Friday, April 14, 2017 The global oil market is moving closer to balance even as increases in US oil production push prices down in the short-term, Saudi Arabian Oil Co. CEO Amin Nasser says.
Saudi Aramco Cuts Oil Pricing for Europe Where Russia Dominates
Wednesday, April 05, 2017 Saudi Arabia lowered oil pricing for European customers, a sign the world's biggest crude exporter is seeking to expand market share in the region dominated by Russia.
Aramco Said to Hire JP Morgan, Morgan Stanley, HSBC for IPO Roles
Thursday, March 30, 2017 Saudi Arabian Oil appoints JPMorgan, Morgan Stanley and HSBC Holdings for key roles on its IPO, as it moves ahead with its plans for what could be the world’s biggest share sale.
Saudi Arabia's Tax Cuts Boost Aramco Value By $1 Trillion
Tuesday, March 28, 2017 Saudi Aramco CEO Amin Nasser says slashing the tax rate for the petroleum industry from 85 to 50% brings the company in line with international benchmarks.
Saudi Aramco Tax Slashed to Prepare Oil Producer for Giant IPO
Monday, March 27, 2017 Saudi Arabia slashed the tax rate paid by state oil producer Saudi Aramco, a key milestone in preparing the company for what may be the world's biggest initial public offering.
China, Saudis Said to Discuss CIC, CNPC Stake in Aramco IPO
Thursday, March 16, 2017 China's in talks with Saudi Arabia for its sovereign wealth fund and largest energy company to invest in the initial public offering of the Middle East nation's state oil producer, according to sources.
Japan PM Abe Seeks Saudi Support For Aramco Listing In Tokyo
Monday, March 13, 2017 Japan's Prime Minister Shinzo Abe asks Saudi Arabia's King Salman to support a listing of oil giant Aramco's shares in Tokyo.
Shell Expects To Split Motiva Assets With Saudi Aramco In 2Q
Tuesday, March 07, 2017 Shell Oil Co, the US unit of Royal Dutch Shell, expects to divide the refineries and other assets of its Motiva Enterprises venture with co-owner Saudi Aramco in 2Q.
Burning Less Oil At Home Will Help Saudi Exports And Aramco IPO
Tuesday, March 07, 2017 Saudi Arabia is likely to reduce the amount of oil it burns to generate power this summer as the kingdom hikes domestic energy prices and uses more natural gas in power stations.