Russia-China fund seeks Chinese investors for Saudi Aramco IPO

Aramco kicked off its IPO on Sunday, announcing its intention to float on its domestic bourse in what could be the world`s biggest listing as the kingdom seeks to diversify its economy away from oil.

Nov 07, 2019, 19:42 PM IST

Saudi Arabia kick-starts IPO of world's largest oil company Aramco

Aramco did not give a time frame or say how much of the company it would sell, but sources have told Reuters the oil company could offer 1%-2% of its shares on the local bourse, raising as much $20 billion-$40 billion.

Nov 03, 2019, 14:37 PM IST

Oil prices rise as Saudi supply risks come into focus

Brent crude futures gained $1.44 to $65.04 a barrel by 0958 GMT, while US West Texas Intermediate crude was up 89 cents at $59 a barrel.

Sep 19, 2019, 16:26 PM IST

Saudi attacks raise spectre of oil at $100 per barrel

Attacks on two plants at the heart of the kingdom`s oil industry on Saturday knocked out more than half of Saudi crude output, or 5% of global supply.

Sep 18, 2019, 09:46 AM IST

2 major Saudi Arabia oil facilities ablaze after drone strikes

Drone attacks set alight two major oil facilities run by the state-owned company Aramco in Saudi Arabia on Saturday, the state media reported.

Sep 14, 2019, 13:05 PM IST

Saudi Arabia promises to fill gap created in supply of oil to India

US sanctions on Iran from first week of November could hit supplies to India but Energy Minister Khalid al-Falih calls Saudi Arabia a 'shock absorber.'

Oct 15, 2018, 18:40 PM IST

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.

Nov 16, 2016, 09:01 AM IST

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.

Dec 29, 2015, 00:29 AM IST

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.

Dec 28, 2013, 20:09 PM IST

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.

Jun 05, 2013, 14:43 PM IST

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.

Dec 09, 2012, 20:59 PM IST

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.

Oct 09, 2011, 08:55 AM IST

9/11 `mastermind` accused of Aramco attack plan

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

Jul 07, 2011, 12:32 PM IST