Sadara, a Saudi-American chemical joint venture, has turned a profit, wiping off $853 million in loss

RIYADH: Last year, Sadara Chemical Co., a joint venture between Saudi Aramco and Dow Chemical Co. in the United States, earned a profit, reversing losses of SR3.2 billion ($853 million) the year before.

The huge JV, which specialises in creating a wide spectrum of speciality chemicals, ...

NPCC Wins 2.2 billion Dollar Contract with Saudi Aramco

Saudi Aramco, an Oil and Gas giant in Saudi Arabia has partnered with the National Petroleum Construction Company of the United Arab Emirates for an offshore project in Saudi Arabia. The contract is worth 2.2 billion dollars and includes two packages for the Zuluf field.

On Monday, the ...

HHIH SIGNS HYDROGEN PROJECT DEAL WITH SAUDI ARAMCO

Highlights –

• HHIH sings hydrogen project deal with Saudi Aramco.
• Hyundai Oilbank Co. will import liquefied petroleum gas (LPG) from Saudi Aramco to produce blue hydrogen.
• Hyundai Oilbank will be provided with blue ammonia.
• ...

S KOREAN AVIATION FUEL INFLUX RETRACTS BY 40% ON WEAK GLOBAL FUEL DEMANDS

• The consumption of jet fuel in South Korea saw a 40.5 percent year-on-year drop during the first quarter this year, according to the latest data feed from the Korea National Oil Corporation.
• With most international flights from Korea canceled due to weak travel demand and inter...

RELIANCE APPOINTS FORMER IOC CHAIRMAN SANJIV SINGH AS GROUP PRESIDENT

Highlights

• According to RIL Executive Director Hital R Meswani, Sanjiv Singh will be a member of the O2C business leadership team

• Majority of RIL's future activities are dependant on its $15 billion deal with Saudi Aramco

• RIL had previously a...

‘THE WORK IS STILL ON' SAYS ARAMCO CEO ON RIL DEAL WORTH $15 BILLION

Highlights

• The company is still in discussions with Reliance said Aramco CEO Amir Nasser

• Reliance is planning to sell 20 percent stake in its oil-to-chemical business to Saudi Aramco

• Reliance will the NCLT and complete this deal by early 2021 sai...

Pompeo Visits Saudi: Iran on Agenda.

After the visit to Addis Ababa, the Ethiopian capital, the US Secretary of State Mike has arrived in Riyadh to meet King Salman, Crown Prince Mohammed Bin Salman and the Foreign Minister Faisal Bin Farhan. Pompeo said that during his visit, threats posed by Iran to American troops in the region a...

Saudi Aramco IPO and Alibaba IPO performed well in the market apart from Uber IPO

Saudi Aramco’s IPO

In the beginning of December month Saudi Aramco’s IPO priced at the top end of its range, at value of $1.7 trillion.

The stock’s first day of trading directly made the company officially known as the Saudi Arabian...

Saudi Aramco, listed by Tadawul, acquires 17% of Hyundai Oil bank

Saudi Aramco has completed the $1.2bn acquisition of a 17 % stake in South Korean trained worker Hyundai Oil bank from Hyundai Heavy Industries.

All necessary regulative approvals are secured for the acquisition, the energy large af...

Saudi Aramco IPO goes down by a small margin

The state-owned petroleum company, Saudi Arabia Saudi Aramco, estimated its coming IPO at 2 trillion dollars. However, according to a survey by Bloomberg of 24 big money managers, this assessment can be reduced by up to 40% when it is released. The survey showed that more than 40% of money manage...

Saudi Arabia’s planned initial public offering of its state oil company-price-controlling

Saudi Arabia's proposed initial public offering to its state-owned oil company, Saudi Aramco, is stirring speculation that it could spell the end of the rate-control cartel known as the OPEC. But there is a critical point omitted from such a study.

On the surface, it makes perfect s...

Possible boom to the gas markets as major companies eye their concerns

Along with the reports of Saudi’s Aramco trying to buy out the stakes in Bharat petroleum but there are other nations and other gas and oil giants eyeing the Indian market as the potential of gas increases among the Indian markets and deals are fueling the market to take a rocket towards th...

Saudi Aramco is set to buy BPCL government stake

In a highly profit generating venture, Saudi Aramco is set to buy stakes of Bharat Petroleum Co. Ltd. Experts allege, this will give the oil company an opportunity to enter into one of the world’s largest oil retail markets.

According to reports, the Indian government is planning ...