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Oil wars: Know how Kremlin's $13 billion Indian deal almost fell apart

Oil wars: Know how Kremlin's $13 billion Indian deal almost fell apart

A multi-billion-dollar Russian deal to buy Indian refiner Essar was nearly sunk at the eleventh hour by a rival bid from Saudi Arabia as the two oil superpowers vie for supremacy across the world.

Saudi Arabia posts record budget deficit, to raise petrol prices by more than 50%

Saudi Arabia posts record budget deficit, to raise petrol prices by more than 50%

Saudi Arabia said Monday it was raising petrol prices by more than 50 percent for some products from Tuesday as it cuts a range of subsidies after posting a record budget deficit.

Oil rig mishap: Indian embassy officials to meet authorities

India deployed mission staff in Saudi Arabia after bodies of two Indians, reported missing after an offshore oil rig of state-run petroleum giant Aramco sank in the Persian Gulf, have been found.

L&T wins gas project from Saudi Aramco

Larsen & Toubro (L&T) on Wednesday said it has won a contract from the Saudi Arabian Oil Company Saudi Aramco for setting up gas processing facilities.

Saudi says foreign group behind cyber-attacks

A Saudi official says the cyber-attacks that hit the country`s oil giant Aramco and Qatari natural gas producer RasGas in August originated outside the kingdom.

Dow Chemical and Saudi's Aramco sign plant deal

Saudi state oil giant Aramco and US firm Dow Chemical signed a deal on Sunday to build a massive chemical plant in the eastern Saudi port city of Jubail, a joint statement said.

9/11 `mastermind` accused of Aramco attack plan

Eighty-five suspects are on trial in a Saudi security court in connection with deadly attacks.