Saudi Aramco (Saudi Arabian Oil Company)

The appointment of Elsenhans, a former chief executive and chair of US oil refiner Sunoco, comes as the Saudi Arabian government prepares to float Saudi Aramco later this year or early in 2019. The initial public offering, which could take place in London, New York or Hong Kong, will be the world's ...

WARSAW, April 27 (Reuters) - Poland's biggest oil refiner, state-run PKN Orlen, said on Friday it will increase its monthly oil purchases from Saudi Aramco by 100,000 tonnes of Arabian Extra Light to 300,000 tonnes. As a result of the extended long-term deal, over 20 percent of the oil refined in PKN's ...

Where the Saudi Aramco valuation really sits. Bloomberg's Liam Dinning picks through the numbers to arrive at a realistic valuation of the company ahead of its planned IPO. By Liam Dinning. Sun 22 Apr 2018 12:04 PM. Last week, Bloomberg managed to unearth some financial data on the oil behemoth as speculation ...

Russia's state-controlled gas giant Gazprom and Saudi Aramco have agreed to boost their cooperation in the gas sector, widening the possible areas of collaboration in the industry. The chairman of the Gazprom Management Committee, Alexey Miller, held working meetings on Wednesday in Riyadh and ...

Leaked financial information for the world's largest oil company, Saudi Aramco, reveals one of the most closely held secrets in the energy industry, if the figures are accurate. Saudi Arabia's national oil company earned $33.8 billion in the first half of 2017, according to financial information obtained by ...

The project "will rank among the largest world refining and petrochemicals projects," the Saudi company said. Saudi Aramco and the Indian consortium will each own 50% of the project, India's energy minister Dharmendra Pradhan said in a statement. Saudi Aramco said it may bring in a strategic partner to ...

Earlier this year, Saudi Aramco had given a contract to deliver engineering, procurement, construction and installation (EPCI) services for the Zuluf field to McDermott International. Under the contract, McDermott will be responsible for constructing a single well observation platform in the Zuluf field.

Saudi Aramco has announced commercial partnerships worth over $10 billion with 14 American companies during the Saudi-US CEOs forum held in New York, which aims to promote bilateral business and cooperation between the two countries. The partnerships included collaborations with a number of ...

Saudi Aramco ready for IPO in second half of 2018 -CEO Amin Nasser NEW YORK: * Saudi Aramco will be ready for an initial public offering in the second half of 2018 and the work is ongoing, Amin Nasser, the chief executive officer of the state oil company, said in a Bloomberg television interview on ...

Despite some intense lobbying by international stock markets like London and also New York, there now seems to be a new realism setting on when and where the planned Aramco IPO might take place. The message from Saudi Energy Minister and Aramco Chairman Khaled al-Falih is that the Kingdom ...

For the past two years, there's has been a behind-the-scenes battle rumbling between New York, London, and Hong Kong to secure the public listing of Saudi Aramco, the world's largest oil company. In what promises to be a blockbuster IPO, the company would fetch a valuation as high as $2 trillion. (Apple ...

Saudi Energy Minister Khalid Al-Falih said in an interview with CNBC that Saudi Aramco is ready to make its public debut and Saudi Arabia is ready for the offering from a regulatory standpoint. He said, however, that while the company could issue stock this year, it may not as it is waiting for the optimal ...

New Delhi: Saudi Aramco launched a new Indian venture in Gurugram, near New Delhi, a government statement said on Sunday, as the global oil exporter looks ... Saudi Aramco through its subsidiary ARAMCO Asia India (AAI) established its formal business presence in India last year, the statement said.

Saudi Arabia is walking back plans for a massive public share offering for state oil giant Aramco, the world's biggest oil company, on a big international stock exchange. Aramco is now expected to move forward with a listing on the Saudi stock exchange, with plans for an international listing at least ...

Construction work has begun on a joint venture to build a shipyard on Saudi Arabia's eastern coast, UAE-based offshore contractor Lamprell has said in a statement. The joint venture, International Maritime Industries (IMI), started operations after reaching agreement for a loan from the state-backed Saudi ...

Saudi Aramco had planned to begin trading on the country's domestic stock market — the Tadawul — and one or more foreign exchanges in the second half of 2018. London, New York and Hong Kong are among the foreign bourses currently competing for the share sale. "I would guess it is about evens ...

The world's growing appetite for oil will leave plenty of room for both Saudi Arabia and the United States to ratchet up production, Saudi Aramco CEO Amin Nasser said in a CNBC interview. The two countries are seen jockeying for dominance in the global oil order, but the head of the world's largest energy ...

Aramco Trading—launched in 2012—initially traded only refined products, but in 2017 it began to trade third-party crude oil to deliver to its refineries outside Saudi Arabia. The trading arm also sells Saudi crude oil to refiners who don't have long-term crude delivery deals with Saudi Aramco in exchange for ...

The much-anticipated international listing of Saudi Aramco — the world's largest oil company — is likely to be delayed until 2019, but that decision makes sense given that oil prices are expected to head to $80 per barrel, a private equity investor said. The state-owned oil firm is expected to list on the Saudi ...

Saudi Aramco has awarded a contract to install additional facilities for a major gas processing plant to infrastructure firm SNC-Lavlin. The deal value was not disclosed but SNC-Lavlin said that it was a “multi-million dollar contract”. Under the scope of the work, SNC-Lavlin will construct the Arabiah ...

Canadian construction and engineering firm SNC-Lavalin (SNC.TO) said it had signed a deal with Saudi Aramco to install added facilities for a major gas processing plant in Saudi Arabia. SNC said it would construct a handling facility and a sour water disposal project at the Wasit gas plant, which is located ...

DUBAI, March 28 (Reuters) - Saudi Aramco finalised a deal on Wednesday with Malaysian state energy company Petroliam Nasional Berhad (Petronas) to invest in a refinery project off Malaysia. Saudi oil giant Aramco agreed in February last year to buy a $7 billion stake in Petronas's Petrochemical ...

Saudi Aramco, the world's biggest oil producer, wants to develop technologies that can collect carbon emissions from heavy-duty trucks, store that CO2 at refueling stations – and use it to harvest more oil. Saudi officials hope the so-called mobile carbon capture systems will trap around half of the carbon ...

Saudi Aramco could choose to simplify the IPO process by starting with an offering in its home market as well as private placements with Asia investors. Aramco could be the world's largest IPO, and sources say it could later offer stock on an international exchange. Saudi Aramco officials say a range of ...