Saudi Aramco to IPO in 2018

"But what you mention in particular - nothing from Saudi Aramco", Nasser told reporters in Moscow, when asked about the possibility of investing in the Novatek LNG project, known as Arctic LNG-2.

THE STOCK market flotation of part of state-owned oil behemoth Saudi Aramco is still set for 2018, the Saudi Arabian oil minister said yesterday.

Saudi authorities are now in Russian Federation working on a number of agreements, as well as attending a forum on the energy industry in Moscow, Gulf Business said.

Quoting multiple sources, a news wire Reuters report said that "Saudi Aramco will open an Indian subsidiary next week, as the global oil exporter looks to tap rising demand and invest in the world's third-biggest consumer".

"Work is ongoing to list Saudi Aramco in 2018", Aramco´s Chief Executive Amin Nasser said at an energy forum in Moscow.

Notwithstanding reports of a slowdown in the country's industrial growth, the future of India's petroleum sector continues to be upbeat. Top bidders include the New York, Londong and Hong Kong exchanges, Gulf Business reported. Saudi Arabia has shown interest in purchasing the S-400 missile systems, Russian Deputy Prime Minister Dmitry Rogozin said on Thursday.

Al-Falih and other Aramco officials are now accompanying Saudi Arabia's King Salman bin Abdulaziz on a historic visit to Russian Federation as part of efforts to deepen ties between the world's two biggest oil producers.

Gazprom Neft has signed a memorandum of cooperation with Saudi Aramco, the national oil company of Saudi Arabia, to extend their partnership in oil and gas industry. Another US$1 billion will go into a joint investment fund focused on energy, including renewables.

The Russian Direct Investment Fund (RDIF) will also sign an MoU with Aramco and Saudi's Public Investment Fund (PIF) for investments in energy services and manufacturing, one of the sources said.

Furthermore, according to the signed document the two parties could collaborate on the production of equipment for oil and gas field development, by localising production either in Russian Federation or Saudi Arabia.

Like this


06 October 2017
Did the Chinese ever leave Doklam? Sizeable presence of troops near site
Army Chief Bipin Rawat, a month ago, had warned, "As far as the Northern adversary is concerned, flexing of muscles has started". Unlike the previous time, this construction by China is not southwards towards the militarily-sensitive area of Jampheri Ridge.

06 October 2017
Man burns four children to death in Brazil
At least five toddlers and six teachers have died during a horrific arson attack at their nursery this morning . Military police said the man also set himself alight at the building in Janauba, Minas Gerais state.

06 October 2017
Herbalife LTD. (HLF) Lowered to "Hold" at Zacks Investment Research
After $1.51 actual EPS reported by Herbalife Ltd. for the previous quarter, Wall Street now forecasts -45.70% negative EPS growth. It is negative, as 31 investors sold HLF shares while 72 reduced holdings. 71 funds opened positions while 297 raised stakes.

06 October 2017
Gazprom Neft partners with Saudi Aramco on oilfield technology development
Countries like Saudi Arabia , Russia and Venezuela have been struggling to cope with the impact of low oil prices. These are part of efforts by two of the world´s biggest oil producers to increase cooperation.

06 October 2017
Northern Ireland vs Germany UEFA WC Qualifiers
Four-time golf Major victor Rory McIlroy backs Northern Ireland to gain a result against Germany in their World Cup qualifier in Belfast.

06 October 2017
Cowboys aim to exact revenge versus Packers
The Packers are not looking good physically heading into this matchup, and there is only so much Rodgers can do to lead his team. So long as the Packers are able to limit the pressure on Rodgers, he should have a field day against Dallas's weak secondary.

06 October 2017
Royal Caribbean Cruises Ltd. (NYSE:RCL) Under Analyst Spotlight
Despite the tumultous week, investors holding steadfast look to continue to see near-term gains despite the global uncertainty. Also, it has an estimated price-earnings (P/E) multiple of 13.9 and a trailing 12-month price-earnings (P/E) multiple of 16.5.

06 October 2017
Mother accused of setting 4-year-old on fire in bathtub
After force-entry was used, firefighters obveserved smoke coming from both the stove and a pile of clothing in the bathtub. The boy had a plastic bag taped over his head and was bound by seven belts, according to the criminal complaint .

06 October 2017
Musician Eric Church debuts Vegas tribute song in Nashville
He then pointed out two empty seats belonging to Heather Melton, a woman who lost her husband Sonny. "I saw that crowd". Listen to the country star's tear-jerking speech and emotional performances below.

06 October 2017
Plus DI Above Minus DI for United Continental Holdings (UAL) — Technical Focus
Note, this compares with a consensus analyst forecast of 1.87 in earnings per share for its next fiscal quarterly report. Redwood Capital Management Llc decreased United Contl Hldgs Inc ( UAL ) stake by 25% reported in 2017Q2 SEC filing.