#aramco

Aramco, PIF and China’s Baosteel steel JV

Aramco and PIF set up JV to build steel plant with China’s Baosteel

The steel manufacturing base has a designed annual capacity of 2.5 million tonnes of direct reduced iron and 1.5 million tonnes of steel plate

Aramco Rongsheng deal

Saudi Aramco bolsters China investments with $3.6bn refinery deal

The state-owned oil major said the deal includes the supply of 480,000 bpd of crude oil to Rongsheng refinery for 20 years

Aramco

Aramco, Samsung sign MoU, will leverage 5G tech

The non-binding MoU aims to contribute to the digital transformation of various industrial sectors in Saudi Arabia

Saudi Aramco

Aramco completes acquisition of Valvoline’s global products business

The transaction expands Aramco’s lubricants business globally

Aramco’s venture capital arm expands investment fund to $500m

Aramco’s venture capital arm expands investment fund to $500m

Aramco has allocated $300m in additional funds to Wa’ed Ventures

Aramco's venture arm invests $14m in Japanese drone tech firm

Aramco’s venture capital arm invests $14m in Japanese drone tech firm

Terra Drone is the first Asian startup to raise funding from Wa’ed Ventures

Saudi-Aramco acquires Motiva and launches Aramco Trading Americas

Saudi Aramco acquires Motiva, announces launch of Aramco Trading Americas

The move strengthens Aramco Trading Company’s global operations and extensive portfolio, giving it incremental access to the largest oil refinery in North America

Saudi Arabia's non-oil exports rise 4% to $6.6bln in October

Aramco, Sinopec and SABIC partner for petrochemical project in Yanbu

The three entities are exploring collaboration across refining and petrochemical projects in Saudi Arabia as well as China

Saudi Aramco

Aramco unit hires HSBC, Citigroup for Riyadh share sale

The company is planning to sell 50 million shares, or a nearly 30 per cent stake

Aramco, IBM aim to establish innovation hub in Saudi Arabia

The collaboration aims to support the kingdom’s economic growth, leveraging emerging technologies in hybrid cloud, AI, and quantum computing

Saudi Arabia

Saudi Arabia elevates two women to senior roles in government

Shihana Alazzaz has been named the first female Deputy Secretary General of the Saudi Cabinet

Aramco

Aramco closes in on Apple as world’s most valuable firm

The rally in oil prices has boosted the world’s biggest oil company’s shares

Aramco and ACWA Power look to join Saudi carbon trading exchange

The kingdom’s sovereign wealth fund signed non-binding memorandums of understanding with five companies

Saudi Aramco reports $110bn in net income for 2021, up 124% year-on-year

Aramco declared a dividend of $18.8bn for the fourth quarter, to be paid in Q1 2022

Saudi oil discovery

Saudi Aramco awards $15.5bn pipeline deal

A group led by BlackRock will buy a 49 per cent stake in Aramco Gas Pipelines

Asia’s Richest Men Prep for Battle as Adani Enters Ambani’s Turf

Aramco is in advanced talks on up to $25bn Reliance deal

A transaction would boost Aramco’s sales of crude to India

Stuart Gulliver Aramco

Saudi Aramco appoints ex-HSBC CEO Stuart Gulliver to board

Gulliver replaces Sir Mark Moody-Stuart, who had been on the board since 2007

Aramco closes $12bn pipeline deal with China, UAE backing

The subsidiary will have rights to 25 years of tariff payments for oil transported through Aramco’s crude pipeline network

Saudi Crown Prince discusses Vision 2030, reveals plan to sell Aramco stake to energy firm

The kingdom has no plans to introduce an income tax, Prince Mohammed confirmed

Citigroup names key banker on Aramco IPO as Saudi CEO

Wassim Al Khatib will lead Citigroup’s investment banking and markets business in Saudi Arabia

Saudi Aramco makes second highest profit on surging oil prices

Key Saudi Arabian oil site attacked, sending crude prices surging above $71

A storage tank in the Ras Tanura terminal was attacked by a drone while a missile also landed near a residential compound for Saudi Aramco employees in Dhahran

Google teams up with Aramco to bring its cloud business to Saudi Arabia

Saudi Arabia joins global network of Google Cloud Platform regions

Oil prices

Saudis seen cutting oil price for first time in four months

OPEC and allied producers have started to ease output curbs amid weakening demand

Aramco joins Exxon, BP, Shell in starting to curb own emissions

Members of the Oil & Gas Climate Initiative pledged to reduce the carbon intensity of their operations to between 20 and 21 kilograms of carbon dioxide per barrel of crude equivalent by 2025

saudi arabia riyadh

Saudis cut July oil supply to some Asian buyers by up to 40%

The cuts were widespread across the region from South Asia and Southeast Asia to some parts of North Asia

Revealed: Top 5 most powerful Arabs in finance

The highest ranking entries from the world of finance in Gulf Business’ annual Arab power list 2020

Aramco’s record IPO starts November 17

Analysts from 16 banks have offered a valuation on the company, ranging in estimates from $1.1 trillion at the bottom right up to $2.5 trillion

Aramco to trade on Saudi Exchange on December 11, reports Saudi media

It also reported that Saudi Arabia’s Capital Markets Authority will announce the start of the initial public offering process on Sunday

India raises cost of refinery project with Aramco by 36 per cent to $60bn

Despite the cost expansion, the project is still expected to be commissioned in 2025

Revealed: Top 5 most powerful Arabs in Saudi Arabia

The highest ranked Arabs originating from Saudi Arabia in Gulf Business’ annual Arab power list