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  • Saudi Aramco
    Saudi Aramco battles oil ministry over use of company funds

    Saudi Aramco is taking steps to clarify its financial links with the kingdom’s energy ministry in a move designed to shield the state oil company from legal risks and head off investor criticism ahead of a potential listing.

  • Aramco IPO
    Saudi Crown Prince Says Aramco’s Planned IPO Is On Track

    “We are committed to the Aramco IPO, given the proper circumstances and the right time,” the crown prince said in an interview with Asharq Al Awsat newspaper published Sunday. “It will happen between 2020 and early 2021, and setting the location of the IPO now is premature.”

  • Saudi Aramco
    Saudi Aramco to peel back financial veil with August earnings call

    Now that Saudi Aramco has revealed itself as the world’s most profitable company, it’s preparing to host its first earnings call in August to discuss half-yearly results. The world’s biggest crude exporter rolled back decades of secrecy over its business when it revealed an independent audit of its oil reserves in January and in April released a bond prospectus revealing financials for the first time, showing a $111 billion profit last year.

  • Saudi Aramco
    Saudi Aramco reports 2018 net income of $111.1 billion

    Saudi Aramco reported on Wednesday a net income attributable to shareholders of $111.1 billion in 2018, up from $75.9 billion the year before, according to a statement from the company. Aramco said total revenues were at $355.9 billion in 2018, up from $264.2 billion, as oil prices improved. Total assets jumped to $358.9 billion in the same period, from $294 billion in 2017.

  • Oil Storage
    Saudi Aramco mulls owning oil storage facilities in Fujairah after opening trading office

    Apart from Fujairah, which is the world's second largest bunkering port, Aramco also stores crude and refined products in other Middle Eastern facilities like Saudi's Red Sea port of Yanbu and Ain Sukhna as well as Egypt's Sidi Karir.

  • LNG Investment
    Saudi Aramco Offers To Buy Into Russia’s Arctic LNG 2 Project

    Asked about recent reports that Aramco has backed out of a possible deal for the Russian LNG project, al-Falih told TASS: “No, no, this is not true. Aramco extended the offer and we hope that offer will be accepted by Novatek.”

  • Oil Trading
    ADNOC could follow Saudi Aramco with oil trading office in Fujairah: sources

    ADNOC could soon open an oil trading office in the eastern UAE port of Fujairah, sources told S&P Global Platts, as it looks to follow Saudi Aramco's trading arm in grabbing a greater slice of the action in the world's second largest bunkering hub.

  • Sempra Energy Deal
    Strategic and commercial logic behind Saudi Aramco’s ‘dash for gas’

    The deal has transformational ramifications on a number of levels. It marks Aramco’s first gas production outside the Kingdom, and will allow it to become a trader in liquefied natural gas (LNG) around the world — another long-heralded ambition.

  • Novatek
    Saudi Aramco ends talks to join Novatek’s Arctic LNG-2 project

    Saudi Aramco was not satisfied with the terms of a potential deal and was also concerned about possible sanction risks from joining the project, Vedomosti quoted a source as saying.

  • Aramco-Sabic
    Saudi Aramco set to spread its wings

    Additionally, Saudi Aramco sees a tie-up with Sabic as an opportunity to get scale in its much smaller petchems business. By going down the petrochemical integration route, they are diversifying their revenues, making them better able to deal with the vagaries of a very cyclical industry, adds Del Maestro.