Tag: #Aramco
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Saudis scramble to raise cash for Aramco share sale
Riyadh, Nov 5 (AFP/APP): From tapping lenders to selling personal assets, Saudis are scrambling to raise cash to invest in Aramco stocks after the oil giant announced its blockbuster market debut even as it offered few listing details. After years of delay and false starts, the state-owned company said on Sunday it plans to sell…
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Saudi Aramco heads for possible record-setting market debut
Dhahran, Saudi Arabia, Nov 4 (AFP/APP): Saudi Arabia on Sunday announced the stock market debut of energy giant Aramco, in what could be the world’s biggest IPO, underpinning Crown Prince Mohammed bin Salman’s ambitions to overhaul the kingdom’s oil-reliant economy. After years of delay, Aramco said it plans to sell an unspecified number of shares…
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Aramco says IPO timing depends on ‘market conditions’
Dubai, Oct 20 (AFP/APP): Saudi Aramco said Sunday the timing of its long-awaited stock market debut “will depend on market conditions,” after the latest delay in the blockbuster initial public offering. The IPO forms the cornerstone of a reform programme conceived by the kingdom’s de facto ruler Crown Prince Mohammed bin Salman to wean the…
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Iran says ready to receive Saudi with open embrace
TEHRAN, Oct 2 (AA/APP):Iran is ready to receive Saudi Arabia with an “open embrace” provided that the kingdom does not delegate its security to others, Iranian Foreign Minister Javad Zarif said Wednesday. “We have always said that we are seeking agreement with our neighbors and we do not want tensions,” Zarif said in statements at…
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Saudi Aramco hires UBS, Deutsche as bookrunners for its IPO: sources
LONDON/DUBAI ,21st Sept (Reuters) – Saudi state oil company Aramco has hired UBS Group (UBSG.S) and Deutsche (DBKGn.DE) as bookrunners for its initial public offering, two sources familiar with the matter said, in a sign that the deal is moving ahead despite a recent attack on Saudi oil facilities. Aramco has started informing banks…
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Saudi Arabia says weapons debris shows Iran behind oil attacks
Saudi Arabia, 18 Sept, (BBC NEWS) ,Saudi Arabia’s defence ministry has shown off what it says is wreckage of drones and cruise missiles that prove Iranian involvement in weekend attacks on two oil facilities. It said 18 drones and seven cruise missiles were fired from a direction that ruled out Yemen as a source. Yemen’s…
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US intel indicates S. Arabia oil attacks staged from Iran: report
Washington, Sept 17 (AFP/APP):American officials have shared intelligence with Riyadh indicating that Iran was the staging ground for devastating drone attacks on Saudi Arabia’s oil installations, the Wall Street Journal reported on Monday. The weekend strikes on Abqaiq — the world’s largest processing plant — and the Khurais oilfield have knocked out 5.7 million barrels…
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Aramco attack: Worst disruption ever sends oil prices soaring
Riyadh, 16 Sept, (ALJAZEERA) Oil prices surged more than 15 percent to their highest level in nearly four months after an attack on Saudi Arabia’s oil facilities that knocked out more than five percent of global oil supply. Brent crude futures jumped more than 19 percent to a session high of $71.95 a barrel at…
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Saudi Arabia oil facilities ablaze after drone strikes
Saudi Arabia, Sept 14, BBC NEWS: Drone attacks have set alight two major oil facilities run by the state-owned company Aramco in Saudi Arabia, state media say. Footage showed flames and huge palls of smoke over Abqaiq, site of Aramco’s largest oil processing plant. A second drone attack also started fires in the Khurais oilfield…