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Latest Articles in saudi aramco

Saudi Aramco's Profit Plunges, Sees Signs Of Oil Market Recovery

Net profit fell to 24.6 billion riyals ($6.57 billion) for the quarter to June 30 from 92.6 billion riyals a year earlier.

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Apple dethrones Saudi Aramco to become world's most valuable company

Apple dethrones Saudi Aramco to become world's most valuable company

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India Is One Of Our Most Important Strategic Partners & We Are Prioritizing Investment Opportunities: Saudi Arabia Ambassador Saud Bin Mohammed Al Sati

India – Saudi Arabia bilateral relations which earlier revolved around crude oil, have evolved into strategic partnership and greater investments. Crown Prince Mohammed bin Salman forges relationship with PM Modi crucially on Defence & Security as well. Saudi Arabia’s ambassador to India, Saud bin Mohammed Al Sati gives shapes to such dialogue with India. Ambassador gets candid in an exclusive interview with BW Businessworld’s Manish Kumar Jha & discusses diverse issues from energy to investment and peace process in Yemen to export of terrorism from Iran.

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Reliance's Stake Sale Talks With Aramco Stall Over Valuation, Sources Say

Reliance Chairman Mukesh Ambani told shareholders on Wednesday a deal had been delayed due to "unforeseen circumstances in the energy market and the COVID-19 situation".

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Saudi Aramco Cuts August Heavier Crude Supply For Asian Refiners

OPEC's Joint Ministerial Monitoring Committee (JMMC) will meet on Tuesday and Wednesday to recommend the next level of cuts after compliance in the group hit 107% in June, up from 77% in May.

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Saudi Aramco Completes $69 Billion SABIC Stake Deal, Extends Schedule

The deal values Saudi Basic Industries Corp (SABIC) at 123.39 riyals ($32.90) per share, 27.5% above the company's share price of 89.40 riyals

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Saudi Aramco's Bahri Puts LNG Tanker Plan On Hold

Aramco signed a 20-year agreement to buy LNG from Sempra Energy's planned Port Arthur export terminal and also agreed to buy a 25% equity stake in the first phase of the multi-billion dollar project.

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Saudi Aramco To Supply Full May Crude Volumes To Asian Refiners

The Organization of the Petroleum Exporting Countries and allies including Russia agreed to reduce production and ease a supply glut exacerbated

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Aramco Offers Struggling Refiners Sweeter Terms For Crude

Saudi Arabia's national oil company has offered through unidentified Saudi banks, are also seen as part of the country's efforts to increase its market share

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Aramco Offers Struggling Refiners Sweeter Terms For Crude

Saudi Arabia's national oil company offered through unnamed Saudi banks in recent weeks, are also seen as part of the Kingdom's ongoing efforts to increase its market share

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Saudi Arabia To Hike Oil Output Capacity By 1 Million Barrels Per Day

OPEC's concerns are that a drastic increase in oil distribution will flood global energy markets and place further pressure on prices.

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Saudi Arabia Has Asked Aramco To Boost Oil Capacity - CEO

Saudi Arabia has been pumping around 9.7 million bpd in the past few months, but has extra production capacity it can turn on. It also has hundreds of millions of barrels of crude in store.

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Saudi Arabia To Hike Oil Output Above 10 Million Barrels Per Day In April After OPEC+ Deal Collapse

OPEC+ has been effectively cutting production by 2.1 million bpd, as Saudi Arabia has been reducing its own output by more than agreed.

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Aramco Secures Unconditional EU Okay For $69 Billion SABIC Deal

Aramco announced the deal in March last year, a move key to its diversification into refining and petrochemicals.

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Saudi Aramco Launches Largest Shale Gas Development Outside U.S.

Saudi Arabia fought a price war aimed at putting the U.S. shale industry out of business just six years ago, which ultimately failed.

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