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Saudi Aramco aims to buy Reliance stake, reports lower earnings

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Saudi Aramco still world's most profitable company despite oil price hit. Read more:

FILE PHOTO: An Aramco employee walks near an oil tank at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. REUTERS/Ahmed Jadallah/File Photo

The company has also been involved in most of the kingdom’s high-profile deals in the last two years announcing at least $50 billion worth of investments in Saudi Arabia, Asia and the United States. Aramco’s deals show how Riyadh wants to ensure it would be the last oil producer left standing when future demand for crude slows, officials say, and with a cost of production around $4 a barrel, Aramco hardly has any competitors.

Aramco’s planned IPO is the centerpiece of Saudi Arabia’s economic transformation drive to attract foreign investment and diversify away from oil.

 

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jayemcbride USA! USA!!

Just sign a deal of 75 billion $ for minority stake in petrochemical company in india

The equation is: You are investing with SaudiArabia 🇸🇦, you are the winner...

Who controls the world?

They should invest in green technologies to avoid bankruptcy in the future.

Just sign a deal of 15 billion $ for stake in petrochemical company in india

Oil is the past...

Everybody needs oil !

$2 trillion......that's massive .

EL'REPRESENTANTE'DE DIOS EL 'PAPA'QUIERE PASAR 'AGACHAO'ANTE EL CRIMINAL BLOQUEO,DELITO DE 'LESA HUMANIDAD'DEL IMPERIO CONTRA VENEZUELA,SIGNIFICA COMO EN TODAS LAS ÉPOCAS,QUE EL CLERO ESTA A FAVOR DE LOS IMPERIOS,O QUE SE LAVA LAS MANOS,COMO PILATOS LA BOLAS DEL,RETWITEAR

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Aramco Looks to Diversify With 20% Stake in India’s Reliance Energy BusinessSaudi Aramco is buying a stake in Reliance’s energy business, worth some $15 billion including debt, a move that would help match its enormous crude production with refining capacity, as it gears back up for a planned IPO. I told you you little brat. I was never married to that man.
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