Saudi Aramco

Asia

Aramco plans huge spending cut for 2021

13/08/2020

Saudi Arabia’s state oil company plans to cut capital expenditure to $25 billion or less next year, about half the amount it was originally planning, according to people familiar with the matter.

Middle East

Yemeni rebels target Saudi Aramco in Jazan

29/01/2020

Yemen’s Houthi rebels launched a missile attack on Saudi Aramco, but an oil official in the kingdom said the projectiles were intercepted before they could hit their target in the southern Jazan region.

Oil & Gas

Drones, delays and disputes: Aramco’s rocky road to $2 trillion

17/12/2019

Saudi Arabia and investors have long been at odds about the value of the kingdom’s crown jewel. After a four-year journey that’s been marked with delays, disagreements over valuation and devastating attacks on Aramco’s oil facilities, the kingdom’s de-facto ruler hit his target on Monday: a $2 trillion company.

Middle East

Saudi Arabia cuts $2trillion Aramco valuation

18/11/2019

Saudi Arabia set a valuation target for Aramco’s initial public offering well below Crown Prince Mohammed bin Salman’s goal of $2 trillion and pared back the size of the sale to ensure the world’s largest oil producer successfully lists on the Riyadh stock exchange next month.