Oil
Saudi Aramco looking for more deals to offer to investors, says CEO
Saudi Aramco is scouting for other potential deals to offer to investors and unlock capital, Chief Executive Amin Nasser said on Monday, after the oil giant closed a $12.4 billion infrastructure transaction for its crude pipeline network in June.
“We are looking at the potential for other deals that we are currently in negotiation,” Nasser said on a call with analysts.
For the latest headlines, follow our Google News channel online or via the app.
Aramco reached out to banks to pitch for an advisory role to help finance the sale of a significant minority stake in its gas pipelines, three sources told Reuters in June.
The gas pipeline stake sale will be a “copy paste” of the oil pipeline deal, one of the sources said.
Read more:
Saudi Aramco’s Q2 profits more than doubles on higher oil prices, demand recovery
Saudi economy grows of 1.5 pct in second quarter 2021, shows recovery from pandemic
Also Read
-
Oil prices drop 3 pct on China COVID-19 curbs, stronger dollar
Oil prices fell more than 3 percent on Monday, extending last week’s steep losses on the back of a rising US dollar and concerns that new ... Energy -
Saudi Aramco’s Q2 profits more than doubles on higher oil prices, demand recovery
Saudi Arabian state oil producer Aramco reported a near four-fold rise in second-quarter net profit on Sunday, beating expectations and boosted by ... Energy -
Saudi economy grows of 1.5 pct in second quarter 2021, shows recovery from pandemic
Saudi Arabia’s GDP recorded a positive growth rate of 1.5 percent for the first time since the start of COVID-19 pandemic in the second quarter of ... Economy -
Saudi Arabia’s residential market booming: Report
Saudi Arabia’s residential property market continued to grow during the second quarter of 2021, a new report from global consultancy firm, Knight ... Gulf
