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Saudi Aramco Sticks to Dividend Pledge Despite Earnings Plunge

2020-08-10 11:20:00| OGI

Saudi Aramco is sticking with plans to pay $75 billion in dividends this year and CEO Amin Nasser said global oil demand was recovering.

Tags: saudi earnings sticks dividend

 

Saudi Aramco Completes $69 Billion SABIC Deal

2020-06-17 15:10:00| OGI

Saudi Aramco has completed its purchase of a 70% stake in petrochemicals company SABIC for $69.1 billion and extended the payment period by three years to 2028, providing a cushion against weak oil prices.

Tags: deal billion saudi completes

 
 

Saudi Aramco Closes $10 Billion Loan

2020-05-12 20:30:00| OGI

Saudi Aramco officially requested a one-year term loan to be used for general corporate purposes, but bankers expect at least some of it to be used to back the borrower's acquisition of a 70% stake in SABIC.

Tags: loan billion saudi closes

 

Aramco, KAUST team finds hybrid gasoline compression-ignition architecture can reduce GHG 26-55% vs. conventional SI

2020-04-27 09:56:11| Green Car Congress

Tags: si team reduce architecture

 

Saudi Aramco Launches Largest Shale Gas Development Outside US

2020-02-25 00:30:23| OGI

Saudi Arabia fought a price war aimed at putting the U.S. shale industry out of business just six years ago, which ultimately failed. Now, the country has adopted the techniques developed in U.S. fields.

Tags: us development largest gas

 

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