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Saudi Aramco IPO gets $44.3 billion in bids so far: Lead manager

Friday, November 29, 2019, 8:57 PM

Saudi Aramco has received bids for its shares totalling $44.3 billion so far, lead manager Samba Capital said on Friday, putting its initial public offering on track to be over-subscribed. The state-owned oil giant plans to sell 1.5% of the company's shares for as much as 96 billion riyals ($25.6 billion), a deal which would give it a market value of $1.7 trillion.
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Saudi Aramco to keep 4.6 mln barrels of oil in Indian storage - govt

Wednesday, October 30, 2019, 3:54 PM

India will lease a quarter of its strategic petroleum reserve in Padur to Saudi Aramco to store about 4.6 million barrels of oil, a government official said on Wednesday, as New Delhi seeks global investment in its expanding energy infrastructure. Global oil producers are eager to gain a foothold in India, where fuel demand is expected to keep rising as the country's economy grows.
 
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Drone attacks strike major Saudi Aramco facility, oilfield

Saturday, September 14, 2019, 1:35 PM

Drones attacked the world's largest oil processing facility and major oilfield in Saudi-Arabia early on Saturday, the kingdom's Interior Ministry said, sparking a huge fire at a processor crucial to global energy supplies. No one immediately claimed responsibility for the attacks in Buqyaq and the Khurais oil-field operated by Saudi Aramco, though Yemen's Houthi rebels previously launched drone assaults deep inside of the kingdom.

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