2019-10-02 11:55:00
SAUDI ARAMCO DIVIDEND - 2020: $75 BLN
SAUDI ARAMCO - Dividend Prioritisation Mechanism
• The Board has sole discretion to declare dividends, based on the dividend policy, financial performance and balance sheet
targets
• The Board will declare an intention to distribute an annual base dividend of $75 Bn for 2020
• For the years 2020 to 2024, if annual dividends declared would have been less than $75 Bn, dividends to non-Government
shareholders are intended to be prioritised so that they receive their pro-rata share of a $75 Bn equivalent dividend
• In such case, the Government will receive the remaining amount of dividend
• Any differential in the dividend received by the Government due to prioritisation will not accrue or result in a liability to
the Government
• For avoidance of doubt, when dividends to shareholders are above $75 Bn, non-Government shareholders will receive their
pro-rata share of dividends
-----
Log in to read the publication.
An authorized user gets access to four FREE publications per month.
You can also buy a full access to all publications of the site since January 2014.
Earlier:
2019, September, 30, 14:55:00
SAUDI ARABIA RENEWABLE DEVELOPMENT
Saudi Arabia will start offering loans for renewable energy projects and manufacturers of renewable-energy components as the kingdom seeks to diversify its economy away from crude oil.
2019, September, 19, 14:30:00
КООРДИНАЦИЯ РОССИИ, САУДОВСКОЙ АРАВИИ
в ходе разговора Владимир Путин и Мухаммед Бен Сальман Аль Сауд обсудили ситуацию на глобальном рынке углеводородов, в том числе ход реализации договоренностей в формате ОПЕК+, а также выразили обоюдный настрой на продолжение тесной координации в целях дальнейшей стабилизации мировых цен на нефть
2019, September, 19, 14:25:00
SAUDI ARABIA, U.S. COALITION
Saudi Arabia on Wednesday announced it has joined the International Maritime Security Construct to secure the Mideast's waterways.
2019, September, 19, 14:05:00
SAUDI'S, BULGARIAN TURKSTREAM $1.2 BLN
Bulgaria’s state gas company signed a €1.1 billion ($1.2 billion) contract on Wednesday with Saudi-led group Arkad to build a gas pipeline to carry mainly Russian natural gas.
2019, September, 18, 18:15:00
ARAMCO WILL RECOVER QUICKLY
During the news conference, it was disclosed that production at Khurais resumed 24 hours after the attack. Meanwhile, Mr. Nasser stated that production at Abqaiq is currently 2 million barrels per day and its entire output is expected to be restored to prior rates by the end of September.
2019, September, 16, 14:45:00
ARAMCO'S OUTPUT WILL DOWN BY 5.7 MBD
Saudi Aramco will see its production halved, with a 5.7mn barrel per day drop in output due to the attack.
2019, September, 11, 11:50:00
ДИАЛОГ РОССИИ, САУДОВСКОЙ АРАВИИ
«Мы высоко ценим сложившийся диалог между Россией и Саудовской Аравией и уверены, что нужно продолжать наше взаимодействие. Мы нацелены на развитие двустороннего сотрудничества»
Chronicle:
2019, October, 21, 13:15:00
CHINA'S LNG INVESTMENT: 11.5 MT
China’s Yantai LNG Group is aiming to start up a liquefied natural gas (LNG) import terminal by 2022 and expects government approval for it over the next few weeks
2019, October, 21, 13:10:00
SAUDI'S INVESTMENT FOR BANGLADESH $3 BLN
Saudi Aramco and Saudi utilities developer Acwa Power have signed a memorandum of understanding (MoU) with the Bangladesh government to develop a $3bn liquefied natural gas (LNG) terminal and power plant in the South Asian country.
2019, October, 21, 13:05:00
PETROBRAS PRODUCTION UP 16.5%
Petrobras, which has been was completing the installation of seven new floating production units, produced 2.794 million b/d of oil equivalent in the third quarter from domestic fields. Oil and gas output was up 9.5% from the second quarter.
2019, October, 21, 13:00:00
U.S. RIGS DOWN 5 TO 851
U.S. Rig Count is down 5 rigs from last week to 851, Canada Rig Count is down 3 rigs from last week to 143,
2019, October, 18, 12:00:00
OIL PRICE: NEAR $60
Brent fell by 21 cents, 0.4%, to $59.70 a barrel , WTI edged down by 4 cents, or 0.1%, to $53.89 per barrel.
2019, October, 18, 11:45:00
RUSSIA'S GAS FOR HUNGARY +17%
Gazprom's supplies to the country over nine and a half months of 2019 totaled 8.9 billion cubic meters of gas, 17 per cent more than in the entire year of 2018.
2019, October, 18, 11:40:00
RUSSIA, UAE NUCLEAR POWER
Emirates Nuclear Energy Corporation (ENEC) has renewed its 2017 Memorandum of Understanding on cooperation in the field of peaceful uses of nuclear energy with Russian state nuclear corporation Rosatom. The document was signed by Mohamed Al Hammadi, CEO of ENEC, and Alexey Likhachov, Rosatom director general, in Abu Dhabi during Russian President Vladimir Putin's official visit to the United Arab Emirates.