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Tag Archives: Saudi Aramco

In bold move, US to send troops to Gulf states

U.S. President Donald Trump has approved sending American troops to bolster Saudi Arabia’s air defenses after Saturday’s attacks on the kingdom’s oil facilities, which Washington has blamed on Iran, the Pentagon said on Friday. The Pentagon said the deployment would involve a moderate number of troops and would be primarily …

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Saudi Arabia denies cancelling Aramco IPO

audi Arabia on Thursday rejected reports that Aramco’s planned initial public offering had been scrapped. “The government remains committed to the IPO of Saudi Aramco at a time of its own choosing when conditions are optimum,” Energy Minister Khalid Al Falih said in a statement. The plan to float around …

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Saudi Aramco, Petronas said to near $8b loan deal

Saudi Arabian Oil Co. and Malaysia’s state-owned oil firm are close to raising an $8 billion loan to partly finance the construction of a planned refinery and a petrochemical complex in the Southeast Asian nation, people familiar with the matter said. Aramco and Petroliam Nasional Bhd could sign the loan …

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