Saudi Aramco

Saudi Aramco


More Stories on Saudi Aramco
The price differential in September was a premium of $3 dollars per barrel

Saudi Arabia lowers light crude oil prices for Asia; US, Europe rates steady

Sep 05, 2021

Oil giant Saudi Aramco lowered the price differential of light crude for delivery to the Far East in October to a premium of $1.7 per barrel versus the average of Oman and Dubai crudes.

Aramco is working with JPMorgan and Goldman Sachs on the deal to tap potential buyers (Source:Reuters)

Saudi Aramco plans to raise at least $17 bn from gas pipeline

Aug 16, 2021

The deal size may include $3.5 billion of equity and the remainder will be funded by bank debt, while the transaction size could top $20 billion

Saudi Aramco's plan to join Reliance O2C Ltd as a strategic partner is expected to be formalised in an "expeditious manner" this year

Aramco-RIL talks in advanced stage; announcement for $25 bn deal in few weeks: Report

Aug 16, 2021

Talks between both the two giants have been going on for the past two years. The delay was caused due to Covid-19 pandemic and falling crude oil prices. If the deal is signed, it'll be Saudi Aramco's first all-stock deal since the IPO

Aramco's net profit rose to 95.47 billion riyals ($25.46 billion) for the quarter to June 30 from 24.62 billion riyals a year earlier (Source:Reuters)

Saudi Aramco Q2 profit surges on higher prices, demand recovery

Aug 08, 2021

Aramco said its results were supported by the global easing of COVID-19 restrictions, vaccination campaigns, stimulus measures and accelerating economic activity in key markets

RIL has inducted Yasir Al-Rumayyan, Chairman of Saudi Aramco and the Governor of the Public Investment Fund, to its board

RIL's partnership with Aramco to be formalised in 'expeditious manner' this year: Mukesh Ambani

Jun 24, 2021

The $15-billion deal announced by Ambani in 2019 annual general meeting (AGM) has been delayed because of the troubles that Aramco has been facing at the crude pricing front

Reliance AGM: Aramco deal to happen this year

Mukesh Ambani expects to seal RIL-Aramco deal this year

Jun 24, 2021

"Continued engagement and resolve from both sides, even during this pandemic, is a testimony of strong relationship between Saudi Aramco and Reliance," said Mukesh Ambani

Reliance AGM: Here's what to expect

Reliance Industries AGM today: Jio Phone 5G, Aramco deal, what to expect

Jun 24, 2021

Chairman Mukesh Ambani is expected to make some major announcements including the country's first 5G phone, JioMart's grocery venture with WhatsApp, low-cost affordable laptop JioBook and its $15 billion deal with Saudi Aramco

Aramco buying 20 per cent in O2C business would allow Reliance to build financial muscle as it carves out space for itself in highly competitive omnichannel retail

Likely Saudi Aramco seat on Reliance board triggers buzz over $15 billion deal

Jun 20, 2021

The announcement of Saudi Aramco Chairman and Governor of the Kingdom's wealth fund Public Investment Fund, Yasir Al-Rumayyan's induction on the RIL board may come as early as at the company's AGM on June 24

Adani has raised his wealth rapidly, but Ambani still has an ace up his sleeve

Will Adani beat Ambani to become richest Indian? Umm...did you count Jio?

May 25, 2021

Ambani might be smarting on account of a held-up deal with Saudi Aramco and a legal tussle over acquisition of Future Retail, but he still holds two assets that can put him on top in this wealth race

India places orders to lift regular supplies from Saudi Aramco in June

May 07, 2021

The refiners - Indian Oil Corp, Bharat Petroleum Corp, Hindustan Petroleum Corp and Mangalore Refinery and Petrochemicals Ltd - normally buy 14.8 million-15 million barrels of Saudi oil a month

China wants to deepen its relations with Saudis for geopolitical reasons, say experts

Will Saudi Aramco's stake sale plan to Chinese firm impact India's interests?

Apr 29, 2021

China imported more oil from the Kingdom than it did from any other country in 2020. If Aramco's present negotiations are with Chinese company, it needs to be seen how Saudis will prioritise business in India