Monday, 23 May, 2022
TopicSaudi Aramco

Topic: Saudi Aramco

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

Kateryna Kadabashy -
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

Alfred Cang -
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

P. R. Sanjai -
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

PTI -
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

PTI -
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

Adil Rasheed -
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

Verity Ratcliffe -
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

Anthony DiPaola -
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

Jeran Wittenstein -
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.

Reliance and Saudi Aramco accelerate their talks for sale of minority stake in RIL

Saket Sundria -
Mukesh Ambani’s Reliance is keen to sign a binding agreement before RIL’s next AGM, which is due to take place before the end of September.
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Opinion

Inflation made luxury cars even more expensive but sales remain in fast lane. See Mercedes

Kushan Mitra -
For years, the luxury car market in India was biased towards the entry-level. But today, cars below Rs 40 lakh account for the smallest fraction of sales.
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Doomscrolling—why you continue to surf ‘depressing’ news and what you can do about it

Illustration by Ramandeep Kaur

Quad has a sea of challenges. Navy can take cue from a Maratha admiral who sank English ships

Economy

World’s $300 trillion in debt. Here’s what it means for services like health, education

Victoria Masterson -
To meet debt payments, at least 100 countries will have to reduce spending on essential services, the IMF estimates.

Defence

File photo of a defence personnel armed with a SiG 716 rifle near the Line of Control | Photo: Snehesh Alex Philip | ThePrint

India to ink ‘repeat order’ deal for 73,000 SiG 716 rifles from the US

Snehesh Alex Philip -
In February 2019, 72,400 SiG 716 rifles of 7.62 x 51mm calibre were contracted from SIG Sauer Inc, USA, under government's 'Buy (Global) category', through fast track procedure.

National Interest

Mandir or Masjid? New surveys not needed, just acceptance of truth & move towards reconciliation

Shekhar Gupta -
That temples were destroyed and mosques built is undisputed history. The past can’t be changed, but we can’t deny the wrongs of the past either before we consider reconciliation.

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