Saudi Arabia has restored its oil production capacity to 11.3 million barrels per day after Sept. 14 attacks on oil facilities, three sources briefed on Saudi Aramco's operations told the media.
Saudi Aramco is planning a multibillion dollar investment in India’s Reliance Industries as the energy giant diversifies its oil business.
The Ministry of Foreign Affairs and International Cooperation said in a statement today that it strongly condemns this terrorist act, which aims at destabilising security and stability and poses a grave threat to the world's energy supply.
Saudi Aramco said it would start taking bids from investors on November 17 in a highly anticipated stock offering, as it released a prospectus that did not disclose the size of the sale or the pricing range.
Saudi Arabia’s energy ministry has directed oil producer Saudi Aramco to raise its output capacity to 13 million from 12 million barrels per day (bpd), CEO Amin Nasser said
Saudi Aramco’s CFO Khalid al-Dabbagh said on Monday the company was “very comfortable” with $30 a barrel oil prices and that it can meet its dividends commitments and shareholders expectations even with current low oil price.
The Saudi central bank said last week it had prepared a 50-billion riyal ($13.32 billion) package to help banks and small and medium-sized enterprises cope with the economic impact of the coronavirus.
Saudi Aramco is worth up to $1.7 trillion at the IPO price range set by the oil giant on Sunday, below the $2 trillion targeted by Saudi’s crown prince but still vying for the title of the world’s biggest IPO.
Saudi Arabia’s oil company Aramco gained 10% in its first moments on the stock market on Wednesday in a dramatic debut that held until closing and pushed its value