Monday, 23 May, 2022
TopicSaudi Aramco

Topic: Saudi Aramco

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.

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

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.

On Camera

YourTurn

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

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.

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

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

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.

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

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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