BREAKING NEWS | Saudi Arabia Announces IPO Of World’s Most Profitable Company

RIYADH/SAUDI ARABIA – Saudi Arabia is moving forward with an initial public offering of its huge state oil producer that could shatter records and give investors the chance to own a piece of the world’s most profitable company. Following approval from the country’s regulators, Saudi Aramco on Sunday formally announced its intention to float shares … Continue reading BREAKING NEWS | Saudi Arabia Announces IPO Of World’s Most Profitable Company

BREAKING NEWS | Saudi Aramco Announces Intention To Offer IPOs On Domestic Stock Market

RIYADH/SAUDI ARABIA, November 3, 2019 - - Saudi Aramco, the world’s largest integrated oil and gas company, wholly owned by the Government of the Kingdom of Saudi of Arabia, on Sunday announced its intention to proceed with an initial public offering (IPO) on Riyadh’s Tadwul Stock Exchange. The Government intends to sell a portion of … Continue reading BREAKING NEWS | Saudi Aramco Announces Intention To Offer IPOs On Domestic Stock Market

BREAKING NEWS | Saudi Crown Prince Approves Announcement Of Aramco IPO On Sunday – Sources

RIYADH/SAUDI ARABIA – Saudi Arabia’s Crown Prince Mohammed Bin Salman on Friday agreed that the initial public offering of state oil giant Aramco will be announced on Sunday, five sources familiar with the matter told Reuters. The world’s top oil company will announce its intention to float (ITF) on November 3, the sources added. “The … Continue reading BREAKING NEWS | Saudi Crown Prince Approves Announcement Of Aramco IPO On Sunday – Sources

BREAKING NEWS | India Eyes Energy Deal With Saudi Arabia During Modi’s Visit

RIYADH/SAUDI – India hopes to sign energy deals with Saudi Arabia that include its participation in India’s strategic petroleum reserve, during Prime Minister Narendra Modi’s visit to the kingdom next week, a government official said on Thursday. Modi will be speaking at the investment summit organized by Saudi Arabia’s Public Investment Fund. The event is … Continue reading BREAKING NEWS | India Eyes Energy Deal With Saudi Arabia During Modi’s Visit

KSA | Saudi Has Restored Oil Output After Attacks, Focused On Aramco IPO: Energy Minister

MILAN, ITALY – Saudi Arabia has fully restored oil output after attacks on its facilities last month and is now focused on the listing of Saudi Aramco, its energy minister Prince Abdulaziz bin Salman said. The Kingdom’s oil production capacity now stands at 11.3 million barrels per day, he hold Moscow energy conference on Thursday, … Continue reading KSA | Saudi Has Restored Oil Output After Attacks, Focused On Aramco IPO: Energy Minister

BREAKING NEWS | Saudi Aramco Restore Oil Output Earlier Than Expected: Sources

RIYADH, SAUDI ARABIA – Saudi Arabia has restored its oil production capacity to 11.3 million barrels per day, three sources briefed on Saudi Aramco’s operations told Reuters, maintaining a faster than expected recovery after the September 14 attacks on its oil facilities. Crude output from the Khurais field in now at 1.3 million bpd, the … Continue reading BREAKING NEWS | Saudi Aramco Restore Oil Output Earlier Than Expected: Sources

BREAKING NEWS | United States Sending Troops TO Bolster Saudi Defense After Attack

WASHINGTON, U.S. – U.S. President Donald Trump on Friday approved sending American troops to bolster Saudi Arabia’s air and missile defenses after the largest-ever attack on the kingdom’s oil facilities, which Washington has squarely blamed on Iran. The Pentagon said the deployment would involve a moderate number of troops – not numbering thousands – and … Continue reading BREAKING NEWS | United States Sending Troops TO Bolster Saudi Defense After Attack