Saudi Arabia is pulling out all the stops to ensure the success of Aramco's initial public offering after Crown Prince Mohammed bin Salman finally decided to offer shares
The approval shall be valid for six months, and the company's prospectus will be published prior to the start of the subscription period, according to the statement
It's a relatively modest life for a top executive at the Saudi oil giant
Aramco IPO was delayed several times as international investors balked at the $2 trillion valuation Mohammed bin Salman placed on the company.
So far, Abu Dhabi National Oil Co is the only foreign company storing oil in India's strategic reserves, at Mangalore, also in Karnataka
The Aramco listing is expected to be a major topic at a major investment summit that opened Tuesday in Riyadh
The forum was launched in 2017 to showcase Saudi Arabia's future away from oil
Investment bankers from around the world have been pitching for years to win a coveted role on Aramco's IPO
On September 30, the group of secretaries on disinvestment gave its approval for to sell government's entire 53.29 per cent stake in BPCL, which is likely to be completed by March 31, 2020.
Aramco obtained its first credit rating of A+ by Fitch in April ahead of its inaugural public bond issue.
India's diversified crude and product basket was one reason that helped India in avoiding the Saudi Aramco crisis.
Just as it happened in the digital arena, electric and driverless cars are going to be disruptive for companies that resist change
The right of Saudi Arabia and the UAE to defend their interests after the attacks on oil pumping stations in the kingdom and tankers off the UAE were supported in a Gulf Arab statement
As part of the deal, Saudi will supply as much as 5,00,000 barrels per day of crude oil or 25 million tonnes annually to Reliance
Vision 2030 of Crown Prince Mohammed bin Salman will also result in significant expansion of trade and business between India and Saudi Arabia
The austere kingdom, which forbids alcohol and has a strict social code, is seen by many as a hard sell for tourists
Delivery of cylinders is taking around 10 to 15 days in some of the states
Aerial strikes on the two plants on September 14 disabled 5% of global crude supply, driving Brent crude higher by the most on record
Crude output from the Khurais field is now at 1.3 million bpd and the Abqaiq plant is currently at about 4.9 million bpd
In the last couple of years, both countries signed several agreements in the field of security, including an extradition treaty