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Aramco News

07 Nov 2019

Russia-China fund seeks Chinese investors for Saudi Aramco IPO

Aramco kicked off its IPO on Sunday, announcing its intention to float on its domestic bourse in what could be the world`s biggest listing as the kingdom seeks to diversify its economy away from oil.

03 Nov 2019

Saudi Arabia kick-starts IPO of world's largest oil company Aramco

Aramco did not give a time frame or say how much of the company it would sell, but sources have told Reuters the oil company could offer 1%-2% of its shares on the local bourse, raising as much $20 billion-$40 billion.

19 Sep 2019

Oil prices rise as Saudi supply risks come into focus

Brent crude futures gained $1.44 to $65.04 a barrel by 0958 GMT, while US West Texas Intermediate crude was up 89 cents at $59 a barrel.

18 Sep 2019

Saudi attacks raise spectre of oil at $100 per barrel

Attacks on two plants at the heart of the kingdom`s oil industry on Saturday knocked out more than half of Saudi crude output, or 5% of global supply.

14 Sep 2019

2 major Saudi Arabia oil facilities ablaze after drone strikes

Drone attacks set alight two major oil facilities run by the state-owned company Aramco in Saudi Arabia on Saturday, the state media reported.

15 Oct 2018

Saudi Arabia assures to fill gap created in supply of oil to India

US sanctions on Iran from first week of November could hit supplies to India but Energy Minister Khalid al-Falih calls Saudi Arabia a 'shock absorber.'

16 Nov 2016

Oil wars: Know how Kremlin's $13 billion Indian deal almost fell apart

A multi-billion-dollar Russian deal to buy Indian refiner Essar was nearly sunk at the eleventh hour by a rival bid from Saudi Arabia as the two oil superpowers vie for supremacy across the world.

28 Dec 2015

Saudi Arabia posts record budget deficit, to raise petrol prices by more than 50%

Saudi Arabia said Monday it was raising petrol prices by more than 50 percent for some products from Tuesday as it cuts a range of subsidies after posting a record budget deficit.

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