Mumbai, Nov 20 (IANS) Reliance Industries Limited (RIL) and Saudi Aramco have mutually agreed to re-evaluate the proposed investment of the latter in RIL’s ‘O2C’. Consequently, the current application with the NCLT for segregating the O2C business from RIL is being
Riyadh, May 4 Saudi Arabia’s oil giant Aramco said on Tuesday that its net profit increased by 30 per cent in the first quarter of 2021, due to higher oil prices and an improved economic environment amid the pandemic. Its
Dhahran, April 11 Aramco has signed a deal with a consortium led by EIG Global Energy Partners (EIG), one of the world’s leading energy infrastructure investors, to optimise its assets through a lease-and-lease-back agreement involving its stabilised crude oil pipeline
New Delhi, Nov 17 The much-anticipated privatisation process of the Bharat Petroleum Corporation Ltd (BPCL) completed its first phase on Monday with several suitors submitting Expressions of Interest (EoIs). However, sources said that major energy giants including Reliance Industries, Saudi
New Delhi, Aug 22 World’s largest oil company Aramco remains committed on its investment plan in India, including a $15 billion deal with Reliance Industries, even though Covid-19 pandemic has made life difficult for oil companies with suppressed demand and
San Francisco, Aug 1 Riding on strong quarter results despite the pandemic, Apple has surpassed Saudi Aramco to become the worlds most valuable company with a market cap of $1.84 trillion. The strong earnings report helped Apple shares closed up 10.47
Riyadh, Dec 6 Saudi Arabian state oil giant Saudi Aramco on Thursday priced its initial public offering (IPO) at the high end of the targeted range, a level that will allow the company to raise a record total of at
New Delhi, Nov 19 World’s largest oil company Aramco is yet to make up its mind to participate in disinvestment of Indian fuel refiner and retailer Bharat Petroleum Corporation Ltd (BPCL) where government intends to sell its entire 53.29 per
New Delhi, Sep 19 With Saudi oil major Aramco buying stake in Reliance Industries oil-to-chemical business and uncertainty over likely changes in the equity structure of the company, Mukesh Ambani has increased his stake in RIL in a symbolic manner.
Riyadh, Sep 16 Drone attacks claimed by Yemen’s Houthi rebels set alight two major oil facilities run by the state-owned company Aramco in Saudi Arabia on Saturday, the Kingdom’s Interior Ministry said. The Saudi Press Agency, citing a statement by
New Delhi, Sep 13 If all goes well, the world’s leading oil company Saudi Aramco would soon be India’s key strategic partner in Narendra Modi government’s mega project, the West Coast Refinery, worth over Rs 4 lakh crore. The refinery
New Delhi, May 8 The world’s largest oil company Aramco will provide additional crude oil to domestic oil refiners to meet shortages arising from the US decision to lift Iran sanction waivers from major oil importing countries, including India. Sources
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