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Saudi prince announces transfer of 4% Aramco stake to public investment firm

Saudi Aramco, formally known as the Saudi Arabian Oil Co., acknowledged the shares going to Sanabil.

In February 2022, another 4% of Aramco had been transferred to the PIF. (Representational Image) (File)(Reuters)
Published on Apr 16, 2023 08:14 PM IST
AP | | Posted by Lingamgunta Nirmitha Rao

Saudi Aramco to buy 10% stake in China oil refinery for $3.6 billion

Saudi Aramco will supply 4,80,000 barrels of crude oil per day to Rongsheng Petrochemical's refinery in the eastern province of Zhejiang over a 20-year period.

FILE PHOTO: Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File Photo(REUTERS)
Published on Mar 27, 2023 04:28 PM IST
Bloomberg | | Posted by Shobhit Gupta

Reliance defends Aramco exec’s appointment to company board

Firm denies any link between appointment and talks to sell stake in business

The Mukesh Ambani-led Reliance denied any link between Al-Rumayyan’s appointment and its ongoing talks to sell a stake in its oil-to-chemicals (O2C) business to the Saudi oil giant.(REUTERS)
Published on Sep 30, 2021 06:15 AM IST
ByDeborshi Chaki, Mumbai

Saudis in talks to sell Aramco stake to global energy firm

The kingdom is looking at the potential sale -- which could be worth about $19 billion, based on the company’s market value -- as a way to lock in customer demand for the country’s crude

Aramco’s 2019 initial public offering -- in which it sold about 2% of its stock on the Riyadh bourse -- raised almost $30 billion. REUTERS/Hamad I Mohammed(REUTERS)
Published on Apr 28, 2021 06:16 PM IST
Bloomberg |

Saudi Aramco excludes emissions data in disclosures to investors

The world's biggest oil company's self-reported carbon footprint might nearly double, adding as much as 55 million metric tons of carbon dioxide equivalent to its annual tally, if those facilities are included, according to the report.

Saudi shipments to China in 2020 were rose 1.9% from a year earlier to 84.92 million tonnes. In picture - Saudi Aramco's Ras Tanura oil refinery and oil terminal.(Reuters)
Published on Jan 21, 2021 05:43 PM IST
Reuters |
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