Aramco

Friday, Apr 19, 2024 | Last Update : 12:13 AM IST

RIL-Aramco deal: Still working on deal to invest in Reliance, says Aramco CEO

We at Reliance value our over two-decade-long relationship with Saudi Aramco and are committed to a long-term partnership, Ambani said

10 Aug 2020 9:10 AM

Saudi state oil giant Aramco will sell 0.5 per cent of its shares to individual retail investors and the government will have a lockup period of a year on further share sales after the initial public offering, its prospectus said on Saturday. (Photo: File)

'Risk of terrorist attacks...': Saudi Aramco prospectus flags risks, gives few details on IPO size

Sources have said the company could sell 1 per cent-2 per cent on the Saudi stock market in what could be the world's largest listing.

10 Nov 2019 12:27 PM

Saudi Arabia is eyeing long-term partnerships with New Delhi in key sectors such as oil, gas and mining. (Photo: Representational)

Saudi Arabia considering long-term investments worth USD 100 billion in India

Saudi Ambassador Dr Saud bin Mohammed Al Sati has said India is an attractive investment destination for Saudi Arabia.

29 Sep 2019 3:05 PM

Saudi Crown Prince Mohammed bin Salman hosted Iraq's Prime Minister Adel Abdel Mahdi for talks on Wednesday focused on attacks on the kingdom's oil infrastructure, which Washington has blamed on Iran. (Photo: File)

Saudi Crown Prince hosts Iraq PM for talks on oil attacks

US Secretary of State Mike Pompeo has also said there was no evidence the attacks were launched from Iraq.

26 Sep 2019 2:33 PM

Saudi Arabia has restored more than 75 per cent of crude output lost after attacks on its facilities and will return to full volumes by early next week, a source briefed on the latest developments has said. (Photo: File)

Saudi Arabia restores over 75 pc oil output, will return to full volume by next week

Thousands of employees and contractors have been pulled from other projects to work around the clock in bringing production back.

24 Sep 2019 8:53 AM

If an investigation shows that last week's attack on Saudi Arabian oil facilities was launched from Iranian territory, the kingdom would consider it an act of war, but Riyadh is currently seeking a peaceful resolution, a senior Saudi official said. (Photo: File)

‘If attack launched from Iran, will consider it act of war’: Saudi Arabia

Riyadh has rejected a claim by Yemen's Iran-aligned Houthi movement that it carried out the strikes.

22 Sep 2019 1:09 PM

President Donald Trump declared Monday it "looks" like Iran was behind the explosive attack on Saudi Arabian oil facilities. (Photo: File)

‘Looks like Iran struck Saudi oilfields,’ says Trump; Rules out immediate military option

But he stressed that military retaliation was not yet on the table in response to the strike against a key US Mideast ally.

17 Sep 2019 3:19 PM

US President Donald Trump on Monday said he has no meeting scheduled with his Iranian counterpart Hassan Rouhani on the sidelines of the UN General Assembly in New York later this month. (Photo: File)

No meeting scheduled with Rouhani: Donald Trump

On Saturday, air attacks targeted Abqaiq, site of largest oil processing plant run by Aramco and the Khurais oilfield.

17 Sep 2019 1:32 PM

Oil prices surged more than 10 per cent Monday after attacks on two Saudi Arabian plants that slashed output in the world's top producer by half, with Donald Trump blaming Iran and raising the possibility of a military strike on the country. (Photo: File)

Oil prices soar over 10 pc after drone attacks in Saudi cut output by half

Brent soared almost 20 per cent at one point on Monday, while WTI surged around 15 per cent before paring the gains.

16 Sep 2019 9:31 AM

President Donald Trump said Sunday the US is "locked and loaded" to respond to an attack on Saudi oil infrastructure that Washington has blamed on Iran, as Riyadh raced to restart operations at plants hit by drone attacks. (Photo: File)

Trump says US 'locked and loaded' to respond to Saudi oil attack

Saudi Arabia has spent billions on military hardware but recent events have underscored the vulnerability of its infrastructure to attack.

16 Sep 2019 8:01 AM

Saudi Arabia's return to its full oil supply capacity after Saturday's attacks on Aramco oil plants could take "weeks not days", a source close to the matter told Reuters on Sunday. (Photo: File)

After attacks, Saudi full oil supply may take weeks to resume: report

The attacks in Abqaiq and Khurais knocked down some 5.7 million barrels per day.

15 Sep 2019 3:07 PM

US Secretary of State Mike Pompeo is blaming Iran for drone attacks Saturday against Saudi Arabia's oil infrastructure. (Photo: File)

US claims Iran responsible for attacks on Saudi Arabia’s oil factories

Pompeo says the US calls on all nations to 'condemn Iran's attacks.'

15 Sep 2019 9:21 AM

Drone attacks targeted two major Saudi Aramco processing facility and oilfield in eastern Saudi Arabia Saturday, the Interior Ministry said, sparking a huge fire at one of the sites before dawn. (Photo: File)

Drones hit 2 Saudi Arabia Aramco oil facilities, oilfields; huge fire in 1

Al-Qaida-claimed suicide bombers tried but failed to attack the oil complex in February 2006.

14 Sep 2019 11:17 AM

Together, proceeds from these transactions will result in a USD 16 billion reduction in RIL's net debt, which will reduce RIL's adjusted net debt/EBITDA by 1.2x from 3.2x for fiscal year 2019, which ended in March 2019, a credit positive, the report said.

Moody's says Reliance stake sale to Aramco credit positive

RIL also entered a deal with BP to sell 49 pc stake in its fuel marketing business in India for USD 1 billion.

14 Aug 2019 11:51 AM

Defence, trade and energy security are expected to be high on the agenda when Mohammed bin Salman holds talks with Prime Minister Narendra Modi. (File Photo)

Saudi Arabia crown prince to visit India to discuss trade, energy security

Prince Salman will arrive in India on February 19 on his maiden trip to the country.

12 Feb 2019 5:02 PM

Saudi Arabia has called off both the domestic and international stock listing of state oil giant Aramco, billed as the biggest such deal in history, four senior industry sources said on Wednesday.

Aramco listing plan halted, oil giant disbands advisors: sources

Saudi Arabia’s energy minister denied that Aramco’s initial public offering would be called off.

23 Aug 2018 12:37 PM

Abu Dhabi National Oil Company on Monday signed an initial agreement to pick up a stake in the planned USD 44-billion refinery-cum-petrochemical project in Ratnagiri, Maharashtra.

Abu Dhabi oil giant to pick up stake in Ratnagiri refinery project

ADNOC joins Saudi Aramco, the world's largest oil producer, in the project which is planned to come on stream by 2025.

25 Jun 2018 1:35 PM

A preliminary agreement will be announced on Wednesday during a visit by Saudi oil minister Khalid al-Falih.

Saudi Aramco to buy 50 pc stake in USD 44 bn refinery in Maha: Saudi oil min

India is set to grant Saudi Aramco a 50 per cent stake in a planned 1.2 million-barrel-per-day (bpd) refinery on its west coast.

11 Apr 2018 11:51 AM

Petroleum minister Dharmendra Pradhan has said the government is open to Saudi oil giant Aramco's interest to own majority stake in the proposed Rs 3-trillion refinery at Ratnagiri.

Ratnagiri refinery: Pradhan says open to offer majority stake to Aramco

Saudi Aramco has reportedly sought majority ownership in the mega refinery-cum-petrochemical complex.

01 Apr 2018 5:58 PM

Aramco is Saudi Arabia’s national oil company.

Saudi to sell 49 pc of Aramco within decade: report

Al-Eqtisadiah daily quoted an unnamed official as saying sale would raise funds to be spent 'at home and abroad'.

24 Dec 2016 6:07 PM

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Syed Ata Hasnain

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