Aramco

Energy giant Saudi Aramco has retained the top spot in Forbes Middle East’s Top 100 listed companies for 2024, with $660.8 billion in assets and $1.9 trillion in market value. The firm was followed by Saudi National Bank, the largest…
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Saudi Aramco’s shares rose by 1.06 percent on June 9, closing at SR28.60 ($7.63) after opening at SR27.95, marking the first trading day following a secondary share offering expected to raise around $11.2 billion. The final price for the…
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Saudi Arabia is set to raise over $11.2 billion by selling shares in oil giant Aramco to fund its spending plans, after pricing its stock at SR27.25 ($7.27), the company announced. In a press release, Aramco said that the secondary…
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A Sinopec service unit said on Thursday it has signed a 7.956 billion yuan ($1.10 billion) deal to build natural gas pipelines for Saudi Aramco. The contract is for Sinopec Oilfield Service Co. to procure and construct the third-phase of…
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Saudi Aramco has slashed July’s official selling price for the flagship Arab Light crude it sells to Asia, according to an official statement. Differentials for the flagship Arab Light grade were priced at Platts Dubai/DME Oman +$2.40…
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Energy giant Aramco has begun the sale of more than $10 billion worth of shares in what is the second public offering from the Saudi-based firm. The 1.55 billion holdings on offer represent 0.64 percent of the company’s issued shares,…
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Energy giant Saudi Aramco has completed the acquisition of a 40 percent equity stake in Gas & Oil Pakistan as the company continues its global retail expansion. The acquisition, first announced in December 2023, represents Aramco’s…
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Saudi Aramco said it plans to sell 1.545 billion shares worth more than $10 billion on Thursday. In a statement, Aramco announced a “secondary public offering of 1.545 billion shares,” with an expected price range between SR 26.70 and 29…
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Saudi Aramco maintained propane contract prices for June month on month at $580 per tonne while price for butane was set at $565 a tonne. Propane and butane are types of liquefied petroleum gas with different boiling points. LPG is…
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The Competition Commission of Pakistan has granted a time-bound exemption on relevant clauses of a product supply agreement between Saudi oil giant Aramco and Gas & Oil Pakistan Ltd., known as GO Petroleum, for the import and sale of…
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