Friday, April 26, 2019
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The latest oil & gas and energy news from the Middle East – only on Business Live ME.

Reliance to Weigh Refinery Stake Sale to Aramco, Adnoc

Indian billionaire Mukesh Ambani’s Reliance Industries Ltd. is considering selling as much as 25 percent of its refinery business in a deal that could...
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Oman’s 1st Large Scale 1MW Solar PV System

Khimji Ramdas (KR) announced a strategic partnership with Nafath Renewable Energy, Oman’s leading SME in the energy sector, to design, develop, install and commission...
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Heavy Oil Experts Gather in Oman Ahead of WHOC

Ahead of the World Heavy Oil Congress and Exhibition (WHOC), set to take place at the Oman Convention & Exhibition Centre from 2 September...
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Saudi Aramco Sells $12 Billion of Bonds in Unprecedented Debut

Saudi Arabia took its first major step onto the global financial stage to fund the heady ambitions of its crown prince, issuing $12 billion...
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OOMCO Launches Operations in Saudi Arabia

Oman Oil Marketing Company (OOMCO) has officially opened its state-of-the-art service station, ‘Lamaa’, in Dammam. At a grand ceremony held on 8 April, Abdul...
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Aramco Pumps Oil at Fraction of Rivals’ Costs and Way More...

(Bloomberg) -- Saudi Aramco can pump oil at a fraction of the cost of rivals and extracts more from beneath the Arabian Peninsula’s deserts and...
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Saudi Aramco Is the Most Profitable Company on Earth by Far

Saudi Aramco was the world’s most profitable company in 2018, easily surpassing U.S. behemoths including Apple Inc. and Exxon Mobil Corp., according to an...
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BP and Shell Both Claim to Be Number One in Investor...

(Bloomberg) -- In the cutthroat game of global capitalism, there can be only one winner. Unless you’re an oil company. Both BP and Shell are claiming...
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Saudi Aramco to Acquire $69 Billion Sabic Stake in Record Deal

(Bloomberg) -- Saudi Aramco, the world’s biggest oil producer, will buy a majority stake in local chemical giant Sabic from the kingdom’s sovereign wealth fund...
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Obscure Pollution Rule May Cost Middle East Billions

(Bloomberg) -- The world’s biggest oil-exporting region may lose billions of dollars in annual revenue when an arcane United Nations requirement for ships to burn...
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