Friday, 7 October, 2022
TopicSaudi Aramco

Topic: Saudi Aramco

Saudi to provide less crude oil to China while meeting most Asian requests

Japan, South Korea, Thailand and India will get the oil volumes they had sought, with some even getting extra supplies, according to refinery officials.

Yemen’s Houthi rebels attack oil depot in Saudi Arabia’s Jeddah

The Saudi-led coalition fighting Houthi rebels in Yemen intercepted a ballistic missile and 10 bomb-laden drones, according to the state-run Saudi Press Agency.

Saudi Aramco raises oil prices as crude surges to nearly $95 a barrel

Aramco’s decision came days after OPEC+ opted to increase its daily crude production by 400,000 barrels a day next month.

Saudi Aramco, Reliance in advanced talks for $25 billion deal

Shares in Reliance extended gains to as much as 2.6% after reports of a possible deal between Reliance & Aramco after more than two years of negotiations.

Saudi Aramco chairman Yasir Al-Rumayyan to join board of Reliance Industries

Al-Rumayyan will replace Yogendra P Trivedi as an independent director in a precursor to a USD 15 billion deal, said Mukesh Ambani in the company's annual meeting of shareholders.

India strongly condemns 23 November missile attack on Saudi Aramco facility

Yemen's Houthi militia rebels claimed responsibility for the attack, one of many that Saudi Arabia's oil facilities have seen over the past year.

China-Saudi nuclear pact can trigger an arms race in West Asia

Saudi Arabia's acquisition of nuclear capability would draw Turkey and Egypt to join the regional nuclear race, which might turn conflict-torn West Asia even more volatile.

World’s first shipment of blue ammonia fuel is on its way to Japan from Saudi Arabia

Japan aims to be a world-leader in the use of hydrogen, which is contained in ammonia, and has committed to reducing its greenhouse gas emissions 26% by 2030 from 2013 levels.

Saudi Aramco remains interested in investing $15 billion in Reliance Industries

A deal with Reliance would help Saudi Aramco, the world’s biggest crude exporter, join the ranks of the top oil refiners and chemical makers.

Apple overtakes Saudi Arabia’s Aramco to become world’s most valuable company

The dethroning of Saudi Arabia's national oil company comes after a tumultuous period for Aramco. Its initial public offering fell short of Crown Price Mohammed bin Salman’s expectations.

On Camera

YourTurn

Jaishankar to embark on his 1st visit to New Zealand from Oct 5

G20 has 5 daunting challenges and India’s presidency can turn this crisis into opportunity

India should highlight its leadership in low-cost vaccine tech, effective health immunisation delivery, generic pharmaceutical manufacturing, and solar energy.
Falguni Nayar, Nykaa's founder & CEO, and Sima Ganwani Ved, Apparel Group's founder & chairwoman, pose for a picture during a strategic alliance announcement in Mumbai, on 6 October 2022 | Reuters

Nykaa forge ties with Dubai’s Apparel Group to expand business in Gulf countries

Falguni Nayar, the online retailer founder and CEO, said the two companies would together build a multi-brand beauty retail business with Nykaa holding a 55% stake of the entity.

Defence

Rescue operation underway after an army aviation Cheetah helicopter flying in the forward area near Tawang crashed during a routine sortie Wednesday | ANI

Multiple military & civilian chopper crashes in past years highlight a disturbing trend for India

An Indian Army Aviation Cheetah helicopter crashed Wednesday. Several such crashes over past few yrs have jolted the military. Non-military sphere, too, has encountered many crashes.

India’s hijab supporters will lose even if they win SC battle. Because the real war is political

In a highly polarised time, cornered minorities tend to lean back and protect the roots and fundamentals of what is so dear to them. Politically, it can often be a bad trap.
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