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  • Saudi Aramco’s panda bond may be an endangered deal as market’s small size hinders fundraising by oil giants, bankers say

    While Saudi Aramco has listed the yuan as a potential fund-raising currency for a debt issuance, bankers say the market size could hinder the deal Year-to-date issuance of panda bonds is down 50 per cent compared to 2018, though some analysts see it picking up in 2021

  • Saudi Aramco Energy Ventures invests in US-based Dragos

    Dragos was founded in 2016 to detect and respond to threats facing industrial control systems (ICS), the devices critical to the continued operations of power plants, water and energy supplies, and other critical infrastructure. The company’s threat detection platform — its moneymaker — helps companies with industrial control systems defend against hackers trying to get into important operational systems.

  • Saudi Aramco and Baker Hughes JV to develop non-metallic products

    Oil giant Saudi Aramco and energy services company Baker Hughes have formed a 50/50 joint venture, Novel, to develop a broad range of non-metallic products for multiple applications in the energy sector. Novel’s new plant is being constructed at Saudi Arabia’s King Salman Energy Park (SPARK), a 50 sq km energy city aimed at making the kingdom a global energy, industrial and technology hub.

  • Why Saudi oil giant Aramco is getting into sport sponsorship

    F1 has a massive fan base of more than 500 million and a television audience of 1.9 billion, and Aramco’s sponsorship provides a unique opportunity to raise the brand profile of the company to new markets and customers and grow familiarity with our business.

  • ‘The worst is behind us’: Saudi Aramco CEO

    “Despite COVID-19 and all its challenges, our work is going on at Aramco. We have continued to pursue our long-term strategy to be a bigger player in chemicals, to projects here in the Kingdom and around the world. In fact, the progress we have made is just the beginning of a major transformation positioning Aramco for the future,” he said. In a statement ahead of the ceremony, Joseph Chang, global editor of the ICIS Chemical Business publication, praised Nasser for his achievements.

  • Analysis: Saudi Aramco’s IPO Anniversary Crashed by the UAE

    The word “pandemic” didn’t appear among the risk factors in the prospectus for the world’s biggest IPO, Saudi Aramco’s, which marks its first anniversary this weekend. It turns out that didn’t matter: Despite Covid-19’s savaging of the oil market, shares of Saudi Arabian Oil Co. now trade 12% higher than where they debuted. Others haven’t fared so well.

  • Saudi Aramco declares expansion of its flagship localisation initiative

    Aramco announced the expansion of its flagship programme to increase local content and boost domestic supply chains. It is a significant milestone in the company’s In-Kingdom Total Value Add (iktva) programme, which marked its fifth anniversary on 1 December.

  • Saudi Aramco says pump malfunctioned at petroleum derivatives distribution station in Jazan

    Saudi Aramco announced on Wednesday a malfunction in one of the pumps at the petroleum derivatives distribution station in Saudi Arabia’s southern Jazan region, state news agency (SPA) said. The state oil giant said “its technical teams are working around the clock to fix the technical malfunction, as soon as possible, and provide the petroleum products that the Jazan region needs from the station, without interruption, as the supply of petroleum products has gradually returned,” SPA said.

  • Saudi Arabia Bombs Houthi Rebels In Response To Aramco Attack

    The coalition led by Saudi Arabia bombed camps of the Houthi rebels in Yemen on Friday after Houthis hit a petroleum distribution center of oil giant Saudi Aramco near Jeddah earlier this week, AFP reported on Friday, citing its correspondents and eyewitnesses. The Saudi-led coalition hit sites believed to be holding rebels of the Iran-aligned Houthi movement in the Yemeni capital Sanaa, the port city of Hodeida, and the city of Amran north of Sanaa, AFP reports.

  • Saudi Aramco’s $8 bln bond issue attracts 150 investors, says official

    The $8 billion senior, dollar-denominated bond included a new tranche with a 50-year maturity, Al-Dabbagh said, adding that the bond issue completion reflects investors’ high turnout and confidence in the company’s position as well as future plans.