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Saudi Aramco asks banks to pitch for roles in IPO: sources

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DUBAI (Reuters) – Saudi Aramco has formally asked major banks to submit proposals for potential roles in its planned initial public offering, two sources said, in what could be the world’s biggest IPO. FILE PHOTO: An Aramco oil tank is seen at the Production facility at Saudi Aramco’s Shaybah oilfield in the Empty Quarter, Saudi Read More

Saudi Aramco asks banks to pitch for roles in planned IPO: sources

1 day ago DieselGasoil Comments Off on Saudi Aramco asks banks to pitch for roles in planned IPO: sources
DUBAI (Reuters) – Saudi Aramco has formally asked major banks to submit proposals for potential roles in its planned initial public offering, two sources with direct knowledge of the matter said. FILE PHOTO: An Aramco oil tank is seen at the Production facility at Saudi Aramco’s Shaybah oilfield in the Empty Quarter, Saudi Arabia May Read More

The Hajj is done – but challenges lie ahead for its future

4 days ago DieselGasoil Comments Off on The Hajj is done – but challenges lie ahead for its future
By Anwar Tambe, at The Hajj in Saudi Arabia The Hajj is done. The millions of people of all races and colours, rich and poor, young and old are beginning to head home – their obligation as Muslims to do one pilgrimage at least once in their lifetime fulfilled. Their last rites, the symbolic stoning Read More

Aramco remains world’s most profitable company even as oil falls

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By Matthew Martin on 8/13/2019 DUBAI (Bloomberg) – Saudi Aramco showed Monday it’s still the world’s most profitable company — and paid out almost all its net income in dividends — despite the dwindling price of oil. Profit slid 12% to $46.9 billion in the first six months of 2019, the state-owned energy giant said Read More

Saudi Aramco awaits government’s call for IPO, reports earnings for first time

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Saudi Aramco, the world’s largest crude producer, highlighted its financial muscle and resilience to slumping oil prices on Monday, but otherwise offered few revelatory insights in its first ever earnings call to analysts, bankers and the media, who have been eagerly awaiting the company’s much-vaunted but much-delayed stock market listing. Not registered? Receive daily email Read More

Saudi Aramco expands in India with deal for Reliance Industries’ stake

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Highlights Saudi oil giant to buy 20% of Reliance’s oil-to-chemicals division Deal also calls for Aramco to supply 500,000 b/d of crude Aramco sees India as key to global refining ambitions New Delhi — Saudi Aramco will acquire a 20% stake in Reliance Industries’ oil-to-chemical business, expanding Saudi Arabia’s burgeoning footprint in India’s fast-growing refining Read More

Saudi Aramco’s H1 net income slips to $46.9 bil on lower oil prices

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Highlights Reports first half financial results for first time Talks up financial, production strength Highlights downstream importance Saudi Aramco, the world’s top oil producer, reported its first half financial results for the first time on Monday, highlighting its financial muscle and production capabilities ahead of a much-vaunted but much-delayed stock market listing. Not registered? Receive Read More

‘I’m patriotic’: Indian actress Chopra dismisses claim she ‘encouraged nuclear war against Pakistan’

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Indian actress Priyanka Chopra coolly rubbished accusations that she is “encouraging nuclear war against Pakistan,” by saying that, while she’s not fond of war, she is “patriotic.” Chopra, a United Nations Goodwill ambassador, was forced to address the accusation after it was made by an irate audience member during a Q&A at Beautycon in Los Read More

Viral mustachioed IAF pilot to receive one of India’s highest military honors

2 weeks ago DieselGasoil Comments Off on Viral mustachioed IAF pilot to receive one of India’s highest military honors
IAF Wing Commander Abhinandan Varthaman, who became a national hero after reportedly shooting down a Pakistani jet, and a viral sensation due to his striking facial hair, is set to receive one of India’s highest military honors. Varthaman reportedly shot down a Pakistani F-16 with his Indian Air Force (IAF) MiG-21 Bison during a February Read More