Saudi Aramco
- Middle East
Saudi Aramco announces largest investment in South Korea, worth $7 billion
Riyadh: The Kingdom of Saudi Arabia’s Aramco, the world’s largest oil company on Thursday announced its largest ever investment in South Korea for a project to develop a world-class integrated petrochemical steam…
- India
Saudi Aramco exec detained in India for carrying satellite phone
New Delhi: The Kingdom of Saudi Arabia’s Aramco, the world’s largest oil company’s senior executive was arrested in India in July for carrying a satellite phone without permission from authorities while on…
- Middle East
Saudi Aramco profit surges 90% in Q2 amid rise in oil prices
Riyadh: The Saudi oil company, Aramco announced on Sunday that it achieved a record profit of 181.16 billion riyals (48.4 billion dollars) in the second quarter (Q2) of 2022, an increase of…
- Middle East
Saudi oil giant Aramco’s profits rise 80% in Q1 2022
Dubai: Oil giant Saudi Aramco said Sunday its profits soared more than 80% in the first three months of the year, as the state-backed company cashes in on the volatility in global energy…
- Automobile
Hyundai, Saudi Aramco to jointly develop eco-friendly vehicle engine
Seoul: Hyundai Motor Group said on Wednesday it will collaborate with Saudi Aramco and a Saudi Arabian university to jointly develop an environment-friendly fuel and engine for vehicles. Hyundai, Aramco, and King…
- Middle East
Yemeni arrested in Saudi for glorifying Houthi strike on Aramco
Riyadh: A Saudi Arabia-based Yemeni expatriate has been arrested for glorifying a recent attack by Yemeni Al Houthi rebels on Saudi Aramco’s petroleum distribution depot in Jeddah on Friday, the Saudi Press…
- Middle East
Saudi Arabia gives 4% of Aramco worth $80B to sovereign fund
Dubai: Saudi Arabia said Sunday it will transfer 4% of the stock in the state-run oil giant Aramco to a sovereign wealth fund, an infusion valued at nearly 80 billion as the…
- Middle East
Saudi Aramco looks for investment prospect in India
Days after Reliance Industries Ltd. cancelled a deal to sell a stake in its oil-to-chemicals operation to Saudi Aramco, the Middle Eastern corporation indicated it will continue to search for other investment…
- Business
RIL, Saudi Aramco to re-evaluate proposed investment in O2C
Mumbai: Reliance Industries Limited (RIL) and Saudi Aramco have mutually agreed to re-evaluate the proposed investment of the latter in RIL’s ‘O2C’. Consequently, the current application with the NCLT for segregating the…
- Business
ONGC, Saudi Aramco sign feedstock and marketing MoU
New Delhi: To explore a strategic alliance on a broad range of energy prospects, public sector oil and gas explorer Oil and Natural Gas Corporation Limited (ONGC) has inked a Memorandum of…
- Business
Global energy giants may join BPCL privatisation race
New Delhi: Global oil companies are likely to partner with major investment funds which already have submitted Expressions of Interest (EoI) for the state-run BPCL. Along with Anil Agarwal-led Vedanta, Apollo Global…
- Middle East
Saudi Aramco facing $50M cyber extortion over leaked data
Dubai: Saudi Arabia’s state oil giant acknowledged Wednesday that leaked data from the company files now apparently being used in a cyber-extortion attempt involving a USD 50 million ransom demand likely came…
- Middle East
Saudi Aramco chairman to join RIL Board
Mumbai: In a major development in the much anticipate Reliance Industries, Saudi Aramco partnership, Yasir Al-Rumayyan, the Chairman of Saudi Aramco will join the RIL board as an Independent Director, announced RIL CMD…
- Business
Microsoft 2nd US firm to pass $2 trillion market cap
San Francisco: Tech giant Microsoft reached a $2 trillion market capitalisation in trading, joining a small group of global companies that have crossed that threshold — including Apple. Apple reached its own…
- Business
Saudi Aramco announces completion of share sale worth $12.4bn
Riyadh: Saudi Aramco has announced the completion of a $12.4 billion sale in its natural gas pipeline to an international investor consortium. The consortium consists of a broad cross-section of investors from…
