The kingdom could list up to 10% of Saudi Aramco, the Wall Street Journal reported
mohammed bin salman
Posted inDRILLING & PRODUCTION
Saudi Aramco to drop 5.7mn bpd of production after drone attack on Khurais and Abqaiq plants
Yemen’s Houthi rebels claimed responsibility for the attack, with a spokesman saying that more is yet to come.
Posted inDRILLING & PRODUCTION
Separation between Aramco and government “a must”: Prince Abdulaziz
In his first interview since taking on the position of Saudi Arabia’s energy minister, Prince Abdulaziz bin Salman confirmed that Saudi Aramco’s relationship to the government will be kept at a distance
Posted inDRILLING & PRODUCTION
Saudi Aramco asks banks to submit proposals for IPO roles
The initial public offering has been delayed multiple times, but appears to be back on track
Posted inProducts & Services
PIF buys 40% stake in Aramco and Jacobs Engineering joint venture
Jasara Program Management was created in 2017 as a joint venture between Saudi Aramco and Jacobs Engineering to provide management services for local and regional social infrastructure projects
Posted inDRILLING & PRODUCTION
Saudi Aramco releases annual financial results, will host first mid-year earnings call
The company is becoming increasingly transparent as it tests the waters of a potential public listing
Posted inDRILLING & PRODUCTION
Who wins in Saudi Aramco’s $69.1bn acquisition of a 70% stake in SABIC from the PIF?
Martin Menachery, editor of Refining & Petrochemicals Middle East, talks about upstream/downstream integration, and who will be the biggest winner in Saudi Aramco’s deal to purchase a 70% stake in SABIC from the PIF for $69.1bn.
Posted inDRILLING & PRODUCTION
KSA launches $427bn industrial development plan
The energy industry is one of four key segments that will attract investments aiming to push private sector engagement in the economy
Posted inDRILLING & PRODUCTION
Saudi Aramco could issue $10bn bond to fund Sabic acquisition
Saudi Arabia’s energy minister, Khalid Al-Falih, reportedly said Aramco has plans to tap the bond market in Q2 2019
Posted inDRILLING & PRODUCTION
KSA announces largest annual budget in Kingdom’s history
Financial reforms in the past two years may be beginning to bear fruit, with growing oil revenue and non-oil revenue