Aramco is more than 98 per cent owned by the Saudi government
Saudi Arabian state oil producer Aramco on Tuesday beat analysts' forecasts with a 30% rise in first-quarter net profit and maintained its dividend payout, helped by strong oil prices
Reliance Industries Ltd, owner of the world's biggest oil refinery, has been dancing the quadrille with Saudi Aramco for nearly two years
Reliance Industries, a business that's flush with cash and sees its future in technology and zero-carbon chemicals, doesn't really need what Saudi Aramco is offering
According to a report by Financial Times, RIL has held talks with Saudi Aramco on a cash and share deal for sale of a 20 per cent stake in its oil refining and petrochemical arm
Saudi Arabia's state oil firm Aramco prepares to sell a slice of its business to international investors
The kingdom is looking at the potential sale -- which could be worth about $19 billion, based on the company's market value -- as a way to lock in customer demand for the country's crude
Reliance is reported to have held talks with Saudi Aramco on a cash and share deal for sale of a 20 per cent stake in its oil refining and petrochemical arm
DUBAI (Reuters) - Saudi Arabia's crown prince said in televised remarks on Tuesday that the kingdom was in discussions to sell 1% of state oil firm Saudi Aramco <2222.SE> to a leading global energy company.
The military coalition led by Saudi Arabia intervened in Yemen against the Iran-aligned Houthis in 2015.
EIG makes one of the biggest direct investments in the country; Aramco deal shows country's reliance on core energy
While attacks on Saudi cities and energy installations have increased this year, they rarely claim lives or cause extensive damage
Consortium of investors led by US-based group buys 49% stake in newly formed venture
The companies will benefit from extra subsidies and the ability to lobby for law changes
India is the third largest market for Saudi crude. But after a year of Covid, the latter isn't keen to let prices hover at under $80 a barrel, the break even at which its budget wipes off red stainsi
The move aims to mobilise the Gulf Arab state's private sector to help wean the economy off its reliance on oil exports, which still account for more than half the state's income
The deal was to conclude by March 2020 but has been delayed for reasons not disclosed by either company
Recently, Reliance Industries announced carving out of the O2C business as a separate subsidiary to support strategic partnerships
Saudi Aramco will ensure China's energy security remains its highest priority for the next 50 years and beyond as new and existing energy sources run in parallel for some time, CEO Amin Nasser said
The world's biggest oil company has taken on more debt in the past 12 months to keep up the dividend in the face of dwindling cash flow, though its gearing remains below that of firms such as Royal Du