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  • Saudi Aramco’s $80 Billion Deal Muddies Wealth Fund Before Green Debut

    Just days before the transfer of Aramco shares, Moody’s Investors Service lavished praise on the Saudi fund for its limited exposure to “the energy and resources sector” or “environmental and social risks.” The addition of Aramco shares underlines the dilemma facing investors already struggling to reconcile Saudi Arabia’s record on climate with its plans for sustainable financing, as it rolls out ambitious targets to stay relevant amid the energy transition.

  • Saudi Arabia transfers Aramco shares worth $80 bln to state fund

    "It supports the outlook for the PIF raising funds internationally, including bonds, and could potentially support a future Aramco share sale going forward," Monica Malik, chief economist at Abu Dhabi Commercial Bank, said.

  • Aramco shares switch may boost Saudi renewables

    "The transfer of stake is a big boost for the diversification plans of Saudi Arabia," Vijay Valecha, chief financial officer at Century Financial told S&P Global Platts. The fund has the mandate from the Saudi state to put 70% of its assets in renewable projects in the kingdom. Power projects and developments in solar and wind form part of 13 sectors the fund has chosen for development as part of a strategy intended to diversify the economy from oil.

  • Aramco shares switch may boost Saudi renewables

  • Saudi Arabia transfers 4% of Aramco shares to sovereign wealth fund

  • Saudi Aramco restarts discussions on 300,000 b/d China refining venture

    Saudi Aramco has restarted discussions regarding a joint project to build a 300,000 b/d refining and petrochemical complex in Northeast China, sources with direct knowledge of the matter told S&P Global Platts Feb. 9, as the oil giant looks to take advantage of surging crude oil prices.

  • Aramco Revives Talks on Multi-Billion Dollar Refinery in China

    Saudi Arabia’s state oil company Aramco has revived discussions to build a multi-billion dollar refining and petrochemicals complex in China, according to several people with knowledge of the matter. Aramco is holding preliminary negotiations about a facility in the Northeastern province of Liaoning with partners including Norinco, a state-owned defense contractor, said the people.

  • Now is ‘perfect time’ for a second Saudi Aramco listing: Former exec Sadad Al Husseini

    Sadad Al Husseini, founder of Husseini Energy and the former executive vice president of upstream operations at Saudi Aramco, is one of them. “This is the right time if they were to do that. The oil markets look good for quite awhile,” Husseini told CNBC’s “Capital Connection” on Monday. “So if they decided to launch more shares, this would be the perfect time.” He acknowledged that he had not heard anything official from Aramco on the decision.

  • Saudi Aramco Looks to Sell $50 Billion Stake in Fresh Share Listing

    Saudi Arabia has restarted plans to list more shares of Aramco, the world’s most valuable oil company, according to people familiar with the company’s strategy, with an ambition to sell as much as a $50 billion stake, which at current valuations would be 2.5% of the company.

  • Aston Martin F1 team sign long-term deal with Saudi’s Aramco

    Aston Martin have signed a long-term partnership with Saudi Arabian oil company Aramco, the Formula One team said on Thursday, in a move it hopes will aid its ambition of fighting at the front of the grid. Aramco, already a major Formula One sponsor whose branding appears on trackside signage, will work with Aston Martin to help the team meet Formula One’s target for cars to be powered wholly by sustainable fuels by 2025 and develop more efficient hybrid engines in motorsport. The partnership will also involve the development and commercialisation of fuel-efficient engine technologies for road cars, advanced lubricants and the deployment of non-metallic materials in vehicles, the team said in a statement.