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Tag "Aramco"

Tired of cheap oil, Saudis eye price boost to drive Aramco IPO

Tired of cheap oil, Saudis eye price boost to drive Aramco IPO

🕔00:02, 2.Sep 2016

DUBAI/LONDON: Two years after triggering an oil price war, Saudi Arabia has seemingly had enough of cheap crude amid budget pressures, fear of a future supply shortage, and as it seeks to offload a stake in state-owned producer Aramco.

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Saudi Arabia approves economic diversification plan

Saudi Arabia approves economic diversification plan

🕔12:47, 7.Jun 2016

JEDDAH: The Saudi cabinet has approved a major plan to diversify the national economy away from oil and aiming to generate 450,000 non-government jobs by 2020.

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Saudi Aramco to expand as oil demand grows: president

Saudi Aramco to expand as oil demand grows: president

🕔23:21, 10.May 2016

RIYADH: State oil giant Saudi Aramco, which could soon become the world’s largest listed company, will keep expanding despite low crude prices, its president said on Tuesday.

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Saudi Aramco, Sumitomo Chemical invite banks to back JV plant expansion

Saudi Aramco, Sumitomo Chemical invite banks to back JV plant expansion

🕔23:51, 10.Sep 2014

KHOBAR: Saudi Arabia’s PetroRabigh said on Wednesday its founding shareholders had formally invited banks to provide financing for the 32 billion riyal ($8.5 billion) expansion of its petrochemicals complex in the kingdom.

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