Aramco, the world’s largest oil company, said it would set a final price for its shares on Dec. 5.
Tag: Saudi Aramco
Is Aramco Worth $2 Trillion? And Other Crucial I.P.O. Questions
The valuation of the giant oil producer remains a critical question in the wake its decision to go public.
Aramco’s I.P.O. Will Be Less Gigantic Than Promised
The state-owned oil giant is expected to announce soon that it plans to go public. But the stock sale will fall short of Saudi Arabia’s ambitions.
Job One for Saudis’ New Energy Chief: Picking Up the Pieces
Prince Abdulaziz bin Salman was named energy minister less than a week before an aerial attack crippled Saudi Arabia’s oil production.
Two Major Saudi Oil Installations Hit by Drone Strike, and U.S. Blames Iran
Yemen’s Houthi rebels claimed responsibility. But Secretary of State Mike Pompeo accused Tehran and said the strikes were not launched from Yemen.
Saudi King Appoints a Son, Prince Abdulaziz, as Energy Minister
Prince Abdulaziz bin Salman is the first member of the royal family to oversee the kingdom’s vital oil sector, part of a wider shake up of top energy-sector jobs.
Yemeni Separatists Relinquish Control of Buildings in Aden
The separatists’ takeover of Aden has strained a Saudi-led military coalition formed to confront the Iranian-aligned Houthis, who bombed a Saudi oil facility on Saturday.
Saudi Arabia Negotiating to Buy U.S. Natural Gas From Sempra Energy
The deal would be Saudi Aramco’s first large purchase of American gas and signals that the country wants to extend its energy industry beyond oil.
Saudi Oil Infrastructure at Risk as Small Attacks Raise Potential for Big Disruption
Saudi Arabia spent heavily to protect its oil production lines but rapid changes in technology may mean ports and pipelines are increasingly exposed in the turbulent region.
Yemen’s Houthi Rebels Attack Saudi Oil Facilities, Escalating Tensions in Gulf
The attacks by the Iranian-backed Houthis came after reports of attacks on oil tankers. The incidents stoked fears of a military clash with Iran.