Trends - aramco - Business Recorder

Business & Finance

Aramco to bring Google Cloud services to Saudi Arabia

Saudi Arabia, under its Vision 2030 reform plans, has encouraged foreign investment particularly in the technology sector and courted Silicon Valley players.
The collaboration taps into rapidly expanding demand for cloud services in Saudi Arabia,

Updated 21 Dec, 2020 07:22pm

Business & Finance

Aramco, the world’s largest oil producer, listed in 2019 in a record $29.4 billion share sale, but the government still owns 98.2% of the group.

Published 16 Dec, 2020 09:06pm

Business & Finance

Aramco's net profit for the first nine months of this year also dropped 48.6 percent to $35.02 billion, the company said.

Published 03 Nov, 2020 06:19pm

Business & Finance

Some 40 tons of high-grade blue ammonia already dispatched for use in zero-carbon power generation, a successful demonstration of the supply network from Saudi Arabia to Japan.

Published 28 Sep, 2020 10:21am

Markets

The state-run company is also pausing investments in refineries in China, India and Pakistan, the WSJ said.

Published 02 Sep, 2020 11:22pm

Business & Finance

The behemoth, recently dethroned by Apple as the world's most valuable listed company, posted a net profit of $6.6 billion for the three months to June 30 compared to $24.7 billion for the same period of 2019.

Published 09 Aug, 2020 05:44pm

Business & Finance

Aramco has told Reliance that refining margins are terrible and are expected to remain subdued in Q3 at least, so they can't pay the price they have agreed pre-COVID,
Reliance would wait for the market to recover rather than settling for a "drastic" revaluation of the asset.

Published 16 Jul, 2020 08:34pm

Business & Finance

Due to unforeseen circumstances in the energy market and the Covid-19 situation, the deal (with Saudi Aramco) has not progressed as per the original timeline.
Reliance shares fell more than 6% after Ambani's comment on the Aramco deal. The shares closed down 3.8% at 1,844 rupees each.

Published 15 Jul, 2020 08:40pm

Business & Finance

"Combined, in 2019 Aramco and SABIC recorded petrochemicals production volume of nearly 90 million tonnes," one of the world's largest, the company said.

Published 17 Jun, 2020 04:59pm

Business & Finance

The cuts were mainly for medium and heavy grades, the sources with knowledge of the matter said. Three of the sources said that their July cuts was smaller than what they had received in June.

Published 15 Jun, 2020 05:28pm

Business & Finance

Aramco has set June butane prices at $330, down from $340 the previous month.

Published 31 May, 2020 05:03pm