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 Saudi Aramco (Saudi Arabian Oil Company)

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updated Thu. May 3, 2018

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The appointment of Elsenhans, a former chief executive and chair of US oil refiner Sunoco, comes as the Saudi Arabian government prepares to float Saudi Aramco later this year or early in 2019. The initial public offering, which could take place in London, New York or Hong Kong, will be the world's ...
WARSAW, April 27 (Reuters) - Poland's biggest oil refiner, state-run PKN Orlen, said on Friday it will increase its monthly oil purchases from Saudi Aramco by 100,000 tonnes of Arabian Extra Light to 300,000 tonnes. As a result of the extended long-term deal, over 20 percent of the oil refined in PKN's ...

Where the Saudi Aramco valuation really sits. Bloomberg's Liam Dinning picks through the numbers to arrive at a realistic valuation of the company ahead of its planned IPO. By Liam Dinning. Sun 22 Apr 2018 12:04 PM. Last week, Bloomberg managed to unearth some financial data on the oil behemoth as speculation ...
Russia's state-controlled gas giant Gazprom and Saudi Aramco have agreed to boost their cooperation in the gas sector, widening the possible areas of collaboration in the industry. The chairman of the Gazprom Management Committee, Alexey Miller, held working meetings on Wednesday in Riyadh and ...
Leaked financial information for the world's largest oil company, Saudi Aramco, reveals one of the most closely held secrets in the energy industry, if the figures are accurate. Saudi Arabia's national oil company earned $33.8 billion in the first half of 2017, according to financial information obtained by ...
The project "will rank among the largest world refining and petrochemicals projects," the Saudi company said. Saudi Aramco and the Indian consortium will each own 50% of the project, India's energy minister Dharmendra Pradhan said in a statement. Saudi Aramco said it may bring in a strategic partner to ...

Earlier this year, Saudi Aramco had given a contract to deliver engineering, procurement, construction and installation (EPCI) services for the Zuluf field to McDermott International. Under the contract, McDermott will be responsible for constructing a single well observation platform in the Zuluf field.
Saudi Aramco has announced commercial partnerships worth over $10 billion with 14 American companies during the Saudi-US CEOs forum held in New York, which aims to promote bilateral business and cooperation between the two countries. The partnerships included collaborations with a number of ...
Saudi Aramco ready for IPO in second half of 2018 -CEO Amin Nasser NEW YORK: * Saudi Aramco will be ready for an initial public offering in the second half of 2018 and the work is ongoing, Amin Nasser, the chief executive officer of the state oil company, said in a Bloomberg television interview on ...
Despite some intense lobbying by international stock markets like London and also New York, there now seems to be a new realism setting on when and where the planned Aramco IPO might take place. The message from Saudi Energy Minister and Aramco Chairman Khaled al-Falih is that the Kingdom ...
For the past two years, there's has been a behind-the-scenes battle rumbling between New York, London, and Hong Kong to secure the public listing of Saudi Aramco, the world's largest oil company. In what promises to be a blockbuster IPO, the company would fetch a valuation as high as $2 trillion. (Apple ...
Saudi Energy Minister Khalid Al-Falih said in an interview with CNBC that Saudi Aramco is ready to make its public debut and Saudi Arabia is ready for the offering from a regulatory standpoint. He said, however, that while the company could issue stock this year, it may not as it is waiting for the optimal ...
New Delhi: Saudi Aramco launched a new Indian venture in Gurugram, near New Delhi, a government statement said on Sunday, as the global oil exporter looks ... Saudi Aramco through its subsidiary ARAMCO Asia India (AAI) established its formal business presence in India last year, the statement said.
Saudi Arabia is walking back plans for a massive public share offering for state oil giant Aramco, the world's biggest oil company, on a big international stock exchange. Aramco is now expected to move forward with a listing on the Saudi stock exchange, with plans for an international listing at least ...
Construction work has begun on a joint venture to build a shipyard on Saudi Arabia's eastern coast, UAE-based offshore contractor Lamprell has said in a statement. The joint venture, International Maritime Industries (IMI), started operations after reaching agreement for a loan from the state-backed Saudi ...
Saudi Aramco had planned to begin trading on the country's domestic stock market — the Tadawul — and one or more foreign exchanges in the second half of 2018. London, New York and Hong Kong are among the foreign bourses currently competing for the share sale. "I would guess it is about evens ...
The world's growing appetite for oil will leave plenty of room for both Saudi Arabia and the United States to ratchet up production, Saudi Aramco CEO Amin Nasser said in a CNBC interview. The two countries are seen jockeying for dominance in the global oil order, but the head of the world's largest energy ...

Aramco Trading—launched in 2012—initially traded only refined products, but in 2017 it began to trade third-party crude oil to deliver to its refineries outside Saudi Arabia. The trading arm also sells Saudi crude oil to refiners who don't have long-term crude delivery deals with Saudi Aramco in exchange for ...
The much-anticipated international listing of Saudi Aramco — the world's largest oil company — is likely to be delayed until 2019, but that decision makes sense given that oil prices are expected to head to $80 per barrel, a private equity investor said. The state-owned oil firm is expected to list on the Saudi ...
Saudi Aramco has awarded a contract to install additional facilities for a major gas processing plant to infrastructure firm SNC-Lavlin. The deal value was not disclosed but SNC-Lavlin said that it was a “multi-million dollar contract”. Under the scope of the work, SNC-Lavlin will construct the Arabiah ...
Canadian construction and engineering firm SNC-Lavalin (SNC.TO) said it had signed a deal with Saudi Aramco to install added facilities for a major gas processing plant in Saudi Arabia. SNC said it would construct a handling facility and a sour water disposal project at the Wasit gas plant, which is located ...
DUBAI, March 28 (Reuters) - Saudi Aramco finalised a deal on Wednesday with Malaysian state energy company Petroliam Nasional Berhad (Petronas) to invest in a refinery project off Malaysia. Saudi oil giant Aramco agreed in February last year to buy a $7 billion stake in Petronas's Petrochemical ...
Saudi Aramco, the world's biggest oil producer, wants to develop technologies that can collect carbon emissions from heavy-duty trucks, store that CO2 at refueling stations – and use it to harvest more oil. Saudi officials hope the so-called mobile carbon capture systems will trap around half of the carbon ...
Saudi Aramco could choose to simplify the IPO process by starting with an offering in its home market as well as private placements with Asia investors. Aramco could be the world's largest IPO, and sources say it could later offer stock on an international exchange. Saudi Aramco officials say a range of ...
"Saudi Aramco is looking at additional investments in China, and India is also a very important destination which we are giving great consideration, and [where we are] currently in discussion with some companies," Nasser said, suggesting that plans for an Indian refinery are crystallizing. Asia is the most ...
Saudi Aramco's IPO, expected to be the largest ever, has been stalled by indecision over where to list shares of the world's biggest energy company, The Wall Street Journal reported. Aramco CEO Amin Nasser recently told CNBC his company is ready to list this year, but waiting for a final decision on the ...
A wave of arrests that swept up Saudi royals, businessmen and officials boosts trust in the kingdom's investment environment, says Saudi Aramco CEO Amin Nasser. The oil executive says the anti-corruption drive "did not spare anybody" and show "corruption will not be tolerated." Some Middle East ...
Saudi Aramco is ready for its hotly anticipated public share offering in the second half of 2018, Aramco President and CEO Amin Nasser tells CNBC. Nasser says the timing of the IPO is in the hands of Aramco's sole shareholder, the Saudi government. The government has yet to determine where shares of ...
The potential to reach the vast Chinese investing public will eventually bring Saudi Aramco to list in Hong Kong, even if the oil giant skips over the special administrative region for its first public offering, said Charles Li, chief executive of Hong Kong Exchanges and Clearing. "A deal in Hong Kong with the ...
Saudi Aramco, alongside other 13 Saudi entities, is participating in Abu Dhabi Sustainability Week (ADSW) 2018 in the UAE during 13-20 January 2018. The Saudi participation in the event is led by the Ministry of Energy, Industry, and Mineral Resources, where high-profile Saudi organisations are ...
Saudi Aramco, the world's biggest energy company, is investing in research to make gas-powered cars more efficient. The investment comes at a time when nations around the world are considering bans on the sale, production or use of vehicles that run on fossil fuels. Improving fuel efficiency in these cars ...
In a sign that it is trying to ensure that its highly anticipated IPO will take place this year, Saudi Aramco is seeking to obtain up to US$6 billion in cheaper loans before the share sale, taking advantage of banks that are willing to boost ties with the Saudi oil giant and position themselves for roles in the IPO, ...
This focuses on enabling Saudi Aramco and its supply chain partners to meet their manufacturing and MRO requirements for offshore oil and gas rigs, offshore support vessels and commercial vessels including very large crude carriers (VLCC). The yard has an annual capacity to manufacture four offshore ...
KHOBAR, Saudi Arabia, Jan 10 (Reuters) - State oil giant Saudi Aramco has hired Olivier Thorel, a former senior executive at Royal Dutch Shell, as executive director for its chemicals business, the company said on Wednesday. Thorel started his post at Saudi Aramco on Jan. 1. He held various positions ...
Saudi Aramco is working to secure billions of dollars in cheap loans from banks seeking to strengthen their ties with the oil giant before its stock listing, banking and export credit agency (ECA) sources said. Citigroup (Citi), Standard Chartered and Sumitomo Mitsui Banking Corporation were advising on the ...
“By meeting Saudi Aramco's offshore production and transport needs, International Maritime Industries will serve our strategic intent to become the world's foremost integrated energy and chemicals company. Its combination of technology, supply chain efficiencies and lifecycle partnership will create a ...
Goldman Sachs, Citigroup and Deutsche Bank are poised to take lead roles in Saudi Aramco's initial public offering, according to reports. The IPO of Saudi Arabia's state oil giant is expected to be the biggest ever. The reports add to recent developments that signal the slow-to-start IPO process is gaining ...
The Saudi Arabian government said it has converted its crown jewel Saudi Aramco into a joint stock company, one in which shares can be bought and sold. “This would need to be in place before they can list Aramco, so this signals intent,” Saleem Khokar, head of equities, First Abu Dhabi Bank Investment ...
Saudi Arabia has just taken a big step to ensure its massive oil company -- Aramco -- is ready for the stock market. In an official announcement on Friday, the Saudi government said Aramco was converted into a joint-stock company -- one in which shares can be bought and sold -- on January 1.
You'd expect that to happen,” said a source close to Saudi Aramco. The decree changed the legal status of the oil company from 1 January. The source said the company was doing everything it needed to deliver the IPO for the Saudi government, which has insisted the flotation is on track for the second ...
Gryphon Oilfield Solutions LLC said on Jan. 3 it has secured an investment to support its continued technological advancements in the completions and down-hole tool sector of the oilfield service industry. The capital investment comes from Saudi Aramco Energy Ventures, the corporate venturing ...
The meeting heightened co-operation between the two organisations, with Saudi Aramco able to review practices and expertise at Dewa, including benchmarking and key performance indicators, said a statement from Dubai utility firm. The delegation included Khalid Al Salouli, the director at Aramco and ...
Gryphon's dissolvable and reactive technologies attract investment from Saudi Aramco, CSL Capital ... to support its continued technological advancements in the completions and downhole tool sector of the oilfield service industry from Saudi Aramco Energy Ventures and CSL Capital Management.
Saudi Aramco, Lamprell, the National Shipping Company of Saudi Arabia (Bahri) and Hyundai Heavy Industries have launched a new shipyard for the offshore sector at Ras Al-Khair Industrial City in Saudi Arabia. The shipyard is being opened in phases and when fully operational in 2022 it will be one of ...
Crown Prince Mohammed bin Salman hopes that his push for greater transparency and an initial public offering of Saudi Aramco will boost the massive firm's efficiency. However, his consolidation of power and plans for reform risk undermining the unusual independence and competence that historically ...
Saudi Aramco and several partners have officially launched International Maritime Industries (IMI), a joint venture to build a shipyard on Saudi Arabia's east coast, according to a statement released by the state-owned oil giant in late December 2017. Saudi Aramco created the venture along with partners ...
When in October 2016, Crown Prince Mohammed bin Salman announced that the Kingdom's national oil champion, Saudi Aramco, would go public in 2018, it seemed as though there was all the time in the world to prepare the company for a record-breaking initial public offering on global stock markets.
DUBAI: Saudi Aramco and its partners have appointed Fathi K. Al Saleem as chief executive officer of a joint venture to build a shipyard on the kingdom's east coast, part of the Saudi Arabian government's drive to diversify the economy beyond oil. The state-owned oil giant said in a statement on Friday that ...
Saudi Aramco and its partners Lamprell, the National Shipping Company of Saudi Arabia (Bahri) and Hyundai Heavy Industries have launched a shipyard focused on the offshore sector at Ras Al-Khair Industrial City in Saudi Arabia. When fully operational in 2022, International Maritime Industries (IMI) will ...
The year 2018 should bring (besides bitcoin at $100,000 and beyond) the world's largest-ever initial public offering -- that of Saudi Aramco, the state-owned Saudi oil company. The location of the IPO was expected to be announced by the end of this year, but with two days to go, that expectation probably ...


 

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