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2018-10-17 10:10:00

SAUDI - INDIA'S DOWNSTREAM

SAUDI - INDIA'S DOWNSTREAM

MEOG - Saudi Aramco Senior Vice President of Downstream Abdulaziz M. Al-Judaimi participated in a panel discussion at the India Energy Forum titled: "Outlook for Refining and Petrochemicals."

Judaimi noted that relations between the Kingdom and India are growing more strategic in nature, adding that, as the largest supplier of energy to India, Saudi Aramco has always had a long-term commitment to the country's energy security. He added that Saudi Aramco is tapping into India's world-leading growth, in large part by investing in its energy future as part of the company's own downstream strategy.

Judaimi highlighted that the closer cooperation between Saudi Aramco and Indian energy entities is reflected in the partnership with RRPCL and ADNOC on the Ratnagiri mega-refinery and petrochemicals complex in Maharashta this year. He noted that nearly $2 billion in material-service sourcing with Indian companies to date; and the opening of the Aramco Asia India office in 2017.

"Investing in India's value chain from oil supply, marketing and refining to petrochemicals and lubricants is a key part of Saudi Aramco's global downstream strategy," said Al-Judaimi. "Chemicals, especially, can enhance India's energy sector, adding long-term value to the country's resources, providing quality products for India's and Asia's rapidly expanding middle classes, and positioning India for accelerated economic growth as a manufacturing hub – all of which align with Saudi Aramco's own intent to expand our global business portfolio and downstream network."

With Saudi Aramco's pending aquisition of a controlling stake in petrochemicals company SABIC, the company is making a clear push towards diversifying its offering with a focus on downstream, while expanding in the region.

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Earlier:

 SAUDI ARAMCO IPO $2 TLN
2018, October, 10, 07:45:00

SAUDI ARAMCO IPO $2 TLN

BLOOMBERG - Saudi Arabia’s crown prince insisted the stalled plan to sell shares in oil giant Aramco will go ahead, promising an initial public offering by 2021 and sticking to his ambitious view the state-run company is worth $2 trillion or more.

 

 SAUDI ARAMCO IPO
2018, August, 24, 11:25:00

SAUDI ARAMCO IPO

ARAB NEWS - The Government remains committed to the IPO of Saudi Aramco at a time of its own choosing when conditions are optimum. This timing will depend on multiple factors, including favorable market conditions, and a downstream acquisition which the Company will pursue in the next few months, as directed by its Board of Directors.

 

 SAUDI ARAMCO: THE GLOBAL LEADER
2018, August, 20, 14:15:00

SAUDI ARAMCO: THE GLOBAL LEADER

SAUDI ARAMCO - 2017 highlights: Produced an average of 10.2 million barrels per day of crude oil including condensate Increased amount of natural gas supplied for fourth straight year, to an average of 8.7 billion standard cubic feet per day Crude oil exports averaged 6.9 million barrels per day

 

 SAUDI - INDIA'S REFINERY: $44 BLN
2018, April, 11, 13:10:00

SAUDI - INDIA'S REFINERY: $44 BLN

PLATTS - India's state-run refiners and Saudi Aramco signed an agreement Wednesday to jointly build an integrated refinery and petrochemical complex on India's west coast at a cost of $44 billion, Saudi energy minister Khalid al-Falih said.

 INDIA'S OIL INVESTMENT: $22 BLN
2018, April, 2, 09:10:00

INDIA'S OIL INVESTMENT: $22 BLN

REUTERS - Indian Oil Corp plans to invest 1.43 trillion rupees ($22 billion) in next five years as the country’s top refiner seeks to raise its annual capacity to about 3.2 million barrels per day by 2030,

 

 INTEGRATED INDIAN OIL
2018, February, 7, 07:55:00

INTEGRATED INDIAN OIL

PLATTS - "The integrated entity will have the capacity to neutralize the impact of volatility in global crude oil prices," said oil minister Dharmendra Pradhan. "The integrated entity will have the advantage of having enhanced capacity to bear higher risks and take higher investment decisions."

 INDIAN OIL GIANT: $4.6 BLN
2017, July, 21, 08:55:00

INDIAN OIL GIANT: $4.6 BLN

The move fulfills a plan, first outlined in February, to create an Indian oil giant through consolidation and mergers, forming a company comparable with international rivals that could weather crude-price volatility.

 

Tags: SAUDI, ARAMCO, INDIA, SABIC,

Chronicle:

SAUDI - INDIA'S DOWNSTREAM
2018, November, 19, 11:20:00

U.S. SECURITIES OUTFLOW $29.1 BLN

U.S. DT - The sum total in September of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a net TIC outflow of $29.1 billion. Of this, net foreign private inflows were $23.5 billion, and net foreign official outflows were $52.7 billion.

SAUDI - INDIA'S DOWNSTREAM
2018, November, 19, 11:15:00

U.S. INDUSTRIAL PRODUCTION UP 0.1%

U.S. FRB - Industrial production edged up 0.1 percent in October, as a gain for manufacturing outweighed decreases elsewhere. As a result of upward revisions primarily in mining, the overall index is now reported to have advanced at an annual rate of 4.7 percent in the third quarter, appreciably above the gain of 3.3 percent reported initially.

SAUDI - INDIA'S DOWNSTREAM
2018, November, 19, 11:10:00

GREEN NUCLEAR ENERGY

WNN - "nuclear energy is a "mature, low greenhouse gas emission source of baseload generation that could make an increasing contribution to global development based on low-carbon energy supply".

SAUDI - INDIA'S DOWNSTREAM
2018, November, 19, 11:05:00

SAUDIS, PAKISTAN INVESTMENT: $6 BLN

ARAB NEWS - Saudi Arabia has shown investment interest in Pakistan’s largest coastal refinery, a multibillion-dollar project being set up at Khalifa Point, near Hub, Balochistan, officials have confirmed.

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