Tag Archives: Aramco

Saudi Aramco 'absolutely ready' for IPO: minister

Saudi Aramco 'absolutely ready' for IPO: ministerSaudi oil giant Aramco is “absolutely ready” for its long-awaited IPO but several regulatory procedures remain, the kingdom’s economy minister told the Future Investment Initiative conference in Riyadh on Thursday. After reports that the initial public offering had been scrapped, Crown Prince Mohammed bin Salman said early this month that it will go ahead in late 2020 or at the start of 2021, two years later than expected. Saudi Arabia plans to sell up to five percent of the world’s largest energy firm and hopes to raise up to $ 100 billion.



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As prince visits, Saudi Aramco to sign $10 billion of deals in France

As prince visits, Saudi Aramco to sign $  10 billion of deals in FranceSaudi Aramco will sign eight deals worth $ 10 billion with French firms on Tuesday, the chief executive of the state-run oil giant said on Monday – the main contracts expected to be sealed during Crown Prince Mohammed bin Salman’s visit to France. The powerful young prince who is behind modernizing reforms in Saudi Arabia is on a three-day trip at a time when relations between the two countries have become more complicated, including over how to address Iran’s role in the region. Aramco and French oil major Total plan to sign an agreement to expand their joint venture refinery in Saudi Arabia, sources familiar with the matter told Reuters on April 5.



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As prince visits, Saudi Aramco to sign $10 billion of deals in France

As prince visits, Saudi Aramco to sign $  10 billion of deals in FranceSaudi Aramco will sign eight deals worth $ 10 billion with French firms on Tuesday, the chief executive of the state-run oil giant said on Monday – the main contracts expected to be sealed during Crown Prince Mohammed bin Salman’s visit to France. The powerful young prince who is behind modernising reforms in Saudi Arabia is on a three-day trip at a time when relations between the two countries have become more complicated, including over how to address Iran’s role in the region. Aramco and French oil major Total plan to sign an agreement to expand their joint venture refinery in Saudi Arabia, sources familiar with the matter told Reuters on April 5.



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