#aramco
The drop marks the biggest decline in more than two years and is the second consecutive month Aramco has lowered its prices
The venture will focus on energy transition minerals, with commercial lithium production scheduled to commence by 2027
The world’s top oil exporter raised $6bn from a three-tranche bond sale in July, ending a three-year debt market hiatus
Aramco expects to declare total dividends of $124.3bn in 2024, of which $43.1bn would be performance-linked dividends
These projects, valued at $3.2bn, aim to generate a combined capacity of 5.5GW of solar power for Saudi Arabia
The 5-year bond has price guidance of Treasuries plus around 120 basis points (bps) and the 10-year bond has Treasuries plus about 135 bps
The DISA programme will build upon Qualcomm’s successful track record of similar initiatives in regions such as Taiwan, India, Vietnam and Africa
Aramco noted that its deployment of supercomputing infrastructure supports development of AI solutions
The state-owned energy firm is expected to finalise the stake purchase later this year
Saudi Aramco’s recent acquisition of additional stake in Japan’s Sumitomo Chemical is a sign of consolidation in the petrochemical industry
The sale aligns with Aramco’s downstream expansion and Sumitomo Chemical’s move away from commodity chemicals
The company said its long-term focus would remain on “strategic portfolio optimisation” and restructuring underperforming assets
The kingdom’s total public debt stood at SAR1.149tn at the end of June, up from SAR1.05tn at the end of last year
The steel manufacturing facility has an annual production capacity of 2.5 million tonnes of direct reduced iron and nearly 1.7 million tonnes of steel
The kingdom wants to be the world’s biggest supplier of hydrogen, Saudi Energy Minister Prince Abdulaziz bin Salman al-Saud said in 2021
The government sold a 0.64 per cent stake in Aramco last month, with an additional 154 million shares available for stabilising manager Merrill Lynch
GCC companies and governments have rushed to tap debt markets since the start of the year to take advantage of recent falls in global interest rate
With global LNG demand expected to grow 50 per cent by 2030, ADNOC is tapping opportunities around the world including with US players
The Gulf energy giants have been conducting preliminary evaluations of Santos as a possible acquisition target
Renault CEO Luca de Meo described the deal as creating a “dream team” that would “reinvent” the future of combustion-engine and hybrid technologies
The energy giant signed a letter of intent in March 2023 with a view to possibly becoming a minority shareholder in the JV
The development of Saudi Arabia’s renewable energy sector is a core objective of Vision 2030, the kingdom’s blueprint for a modern, diversified economy
Aramco and Sempra expect to execute binding LNG and definitive equity agreements with terms substantially equivalent to those in the heads of agreement
Saudi Aramco’s chairman Yasir Al Rumayyan, who heads Saudi Arabia’s Public Investment Fund, was initially appointed to RIL’s board in 2021 for a three-year term
The world’s largest oil firm has been expanding its trading activity
The world’s top oil exporter has been seeking to bring in international investment as it launches a range of projects as the Saudi government seeks to diversify its oil-based economy
International demand for the secondary share sale was greater than for Aramco’s IPO in 2019
The oil behemoth’s shares were priced at $7.27 (SAR27.25), near the bottom of a SAR26.7 to SAR29 range used in marketing the sale
The contract is for the procurement and construction of the third phase of the master gas system in Saudi Arabia
The state-owned energy firm’s bankers have told investors it plans to price the shares at $7.27 (SAR27.25) each