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Saudi Arabia is restarting its preparations for a potential IPO of oil major Aramco. This comes months after the planned listing was put on hold, say sources close to the matter.
Saudi Aramco is the world's most profitable firm, shows the first official glimpse of the company's financial accounts. However, the oil company's earnings per barrel do not match that of some of its major competitors.
The Saudi oil company is planning to buy one-fifth of a refinery and expand its presence in Asia.
Saudia Arabian state-owned oil company Aramco's listing is apparently being called off.
Saudi Aramco may tap into the international bond market for the first time to finance the acquisition of petrochemical giant Sabic, the move could prove an alternative to an initial public offering, according to sources.
Oil major Saudi Aramco is looking to boost its oil trade volume to 6 million barrels per day. The move would push the company to the top tier of oil traders.
Saudi Arabian officials have informed their British peers that it is unlikely that Saudi Aramco will complete its initial public offering in 2018.
Oil company Saudi Aramco has teamed up with Saudi Arabia's national carrier Bahri and major South Korean shipbuilder HHI to construct a shipyard that will be the region's biggest with a USD 5.2 billion budget.
The South Korean shipyard has signed a memorandum of understanding with companies including oil player Saudi Aramco to establish a new plant to manufacture marine engines and power plants.
A series of investors call for the London Stock Exchange to reject state-owned oil major Saudi Aramco's plans to list 5 percent of the company in London. The size is too small, critics say.
China's sovereign wealth fund is allegedly in talks with Saudi Arabia in terms of a massive investment in the planned IPO Aramco.
Hvor meget olie gemmer der sig i den arabiske ørken? Det vil Saudi-Arabien offcielt melde ud i forbindelse med børsnoteringen af det statslige olieselskab Saudi Aramco, skriver Financial Times.
Plans for a new giant shipyard in Saudi Arabia worth about USD 6 billion form part of the country's strategy to relieve dependence on especially the oil market. "This is with the future in mind," a source close to the project tells ShippingWatch.
A giant shipyard in Saudi Arabia will supply supply the country's oil industry with tanker vessels and rigs while also helping to create more than 10,000 jobs. Saudi Aramco and Hyundai Heavy Industries are part of the joint venture behind the yard. Investments will total billions of dollars.
The CEO of Saudi Aramco is not worried about the low oil price. The country will continue to invest in new oil and gas projects in the long term, and the anticipated IPO of the national oil company is right on track, he tells Bloomberg News.
The initial public offering of Saudi Aramco, which stands to be the biggest ever, will happen on three continents, according to a British newspaper.
Saudi Arabian oil company Saudi Aramco will be sole owner of the US' largest refinery in Port Arthur after terminating a long-term collaboration with Shell.
Den lave oliepris levner plads til eftertanke i forhold til, hvad pengene går til i det olierige land. Investeringer i projekter, eksproprieringer og møbler til kontorerne er helt standset, skriver Bloomberg News.
With a new price cut, Saudi Arabia enters the price war among the oil-producing countries. The goal is to breathe life into Asian growth and deter US production.
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