Saudi Aramco

For next 2-3 years, L&T sees good momentum in gas to power opportunities in West Asia: Subramanian Sarma

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For next 2-3 years, L&T sees good momentum in gas to power opportunities in West Asia: Subramanian Sarma

Subramanian Sarma, Member of the Board, L&T, says there are currently two to three key themes: a) Ongoing development of traditional fossil fuels, particularly oil and gas; b)collective efforts to enhance green initiatives and reduce carbon footprints, including opportunities in blue and green ammonia, renewable energy, and gas-to-power projects; c)exploration of monetizing and increasing value … Read more

A possible Saudi Aramco appointment on Reliance board triggers buzz over $15 billion deal

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A possible Saudi Aramco appointment on Reliance board triggers buzz over billion deal

Saudi Aramco chairman and Governor of the Kingdom’s wealth fund Public Investment Fund, Yasir Al-Rumayyan, may be inducted on the board of , a precursor to a $15 billion deal, reports said. An announcement of Al-Rumayyan’s induction on the RIL board or the board of the newly carved oil-to-chemical (O2C) unit may come as early … Read more

Saudi Aramco to prioritise energy supply to China for 50 years, says CEO

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Saudi Aramco to prioritise energy supply to China for 50 years, says CEO

Saudi Aramco will ensure China’s energy security remains its highest priority for the next 50 years and beyond as new and existing energy sources run in parallel for some time, CEO Amin Nasser told the China Development Forum on Sunday. Saudi Arabia, the world’s biggest exporter, retained its position as China’s top supplier in the … Read more

Saudi Aramco says customers unaffected by Houthi attack on Jeddah facility

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Saudi Aramco says customers unaffected by Houthi attack on Jeddah facility

An official from the Saudi Aramco oil company on Tuesday said customers were unaffected by an attack that came from Yemen‘s Houthi group at a petroleum products distribution plant in the north of Jeddah city. One of the facilities’ 13 tanks is currently out of action. The official described the site as a “critical facility” … Read more

Sole survivor? Saudi Aramco doubles down on oil to outlast rivals

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Sole survivor? Saudi Aramco doubles down on oil to outlast rivals

The slump in demand for crude during the coronavirus pandemic has forced oil companies to contemplate the possibility that the fossil fuel market has peaked and the time for a global energy transition has come. But Saudi Aramco plans to boost its production capacity so it can pump as much of Saudi Arabia’s vast oil … Read more

Saudi Aramco likely to pause refinery investments in India: Report

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Saudi Aramco likely to pause refinery investments in India: Report

Oil company Saudi Aramco is reviewing plans to expand at home and abroad in the face of sharply lower oil prices and a heavy dividend burden, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Aramco will review a $6.6 billion plan to add petrochemical output at its Motiva refinery in … Read more

Saudi Arabia defers to renew pact to supply oil to Pakistan on deferred payments

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Saudi Arabia defers to renew pact to supply oil to Pakistan on deferred payments

New Delhi: World’s biggest oil producer and exporter Saudi Arabia is yet to renew an agreement with Pakistan that allows oil supplies on deferred payments after that pact expired two months back. An agreement between Pakistan and Saudi Arabia for provision of $3.2 billion worth of oil on deferred payments per annum has expired two … Read more

Siddharth Khemka’s 4 preferred IT stocks

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Siddharth Khemka’s 4 preferred IT stocks

In IT sector, our pecking order of preference would be Infosys in the largecap space followed by Wipro. Within the midcap space we like L&T Infotech and MindTree, says Head of Retail Research, MOSL. Looking at the tearaway rally that Reliance is on, it seems like there is still a lot of pent up appetite … Read more

The week that was in 10 stocks: IT stocks steal the show, Avenue Supermarts declines

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The week that was in 10 stocks: IT stocks steal the show, Avenue Supermarts declines

Mumbai: The sentiment in the market was upbeat last week, as June quarter earnings surprised investors, and hopes of a vaccine kept global markets firm. Even as the frontline indices logged gains for the fifth straight week, the market breadth was weak with only 202 of BSE 500 stocks registering gains in the week. IT … Read more