Nov. 18, 2019News & Opinions
As it prepares for an initial public offering, Saudi Arabia has assigned a preliminary valuation of state-owned oil group Aramco, spanning a range of $1.6 -$1.71 trillion. This is well below the $2 trillion sought by Crown Prince Mohammed ...
Nov. 12, 2019News & Opinions
Saudi Aramco published the long expected prospectus for its planned listing on in Riyadh’s Tadawul stock exchange on Nov. 9. While 650 pages long, commentators said the document was short on details of the offering.
Nov. 06, 2019News & Opinions
Under a revised agreement between the two Saudi companies inked in October, Saudi Aramco will delay fully paying for the $69.1 billion acquisition of a 70% stake in SABIC by four years until September 2025.
Nov. 01, 2019News & Opinions
US industrial gases manufacturer Air Products is in final negotiations to form a joint venture with Saudi Aramco, ACWA Power and Air Products Qudra to acquire gasification, power and industrial gas assets at Jazan Economic City in the ...
Oct. 29, 2019News & Opinions
Saudi chemicals giant Sabic has quantified the impact of September’s drone attack on oil facilities of its now almost-parent company Saudi Aramco last month at 400,000-500,000 t of product.
Oct. 28, 2019News & Opinions
Major US contractor McDermott International has been awarded a “large” contract (worth between $50 million and $250 million) for Aramco and Total’s joint-venture Amiral petrochemical complex in Jubail, Saudi Arabia.
Oct. 21, 2019News & Opinions
Saudi Aramco has once again pulled the plug on the imminently expected launch of its long anticipated initial public offering (ipo), which if it ever gets off the ground could be the world’s largest-ever stock market listing.
Sep. 12, 2019News & Opinions
Shortly after he was replaced as chairman of Saudi Aramco, the Saudi government has replaced Khalid al-Falih as energy minister. Taking this job will be Prince Abdulaziz bin Salman bin Abdulaziz al-Saud, half-brother of crown prince ...
Sep. 09, 2019News & Opinions
Saudi Arabia’s energy minister Khalid al-Falih has been removed as chairman of the country’s flagship company Saudi Aramco, which is also the world’s largest oil company. The move by the Saudi government is being seen as ...
Jun. 04, 2019News & Opinions
In its first foray into the Middle East, Ineos has signed a Memorandum of Understanding with Saudi Aramco and French energy and chemicals group Total to build three new plants in Saudi Arabia’s Jubail 2 complex.
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