Posts filtered by tags: Amin Nasser[x]


 

#Saudi Aramco's Dividend Math Doesn't Add Up Considering Oil Price - Bloomberg

Saudi Aramco's Dividend Math Doesn't Add Up Considering Oil Price - Bloomberg:It’s the mother of all payouts.The $75 billion that Saudi Aramco doles out in dividends every year dwarfs what any other listed company gives to shareholders. It’s roughly equivalent to the payouts from Exxon Mobil Corp., Royal Dutch Shell Plc, Chevron Corp., BP Plc, Total SA, PetroChina Co., Eni SpA, Petroleo Brasiliero SA and China Petroleum & Chemical Corp. or Sinopec — put together.That makes Chief Executive Office...
Tags: Travel, Sinopec, Saudi Aramco, China Petroleum Chemical Corp, Rupert Neil Bumfrey, Amin Nasser


#Saudi Aramco CEO says to use cash, debt to pay dividends - Reuters

Aramco CEO says to use cash, debt to pay dividends - Reuters:Saudi Aramco will use a combination of cash and debt to pay its dividend of $18.75 billion for the first quarter of this year, the company’s chief executive said on Thursday.“It will be a combination of both,” Amin Nasser told reporters during a phone call, when asked whether Aramco would tap debt markets to cover the dividend or use its own cash.“We would like to use our free cash definitely most of time, but other debt instruments fr...
Tags: Travel, Reuters, Aramco, Saudi Aramco, Rupert Neil Bumfrey, Amin Nasser


#Saudi Aramco completes $69 billion SABIC stake deal, extends schedule - Reuters

Saudi Aramco completes $69 billion SABIC stake deal, extends schedule - Reuters:Saudi Aramco (2222.SE) has completed its purchase of a 70% stake in petrochemicals company Saudi Basic Industries (SABIC) (2010.SE) for $69.1 billion and extended the payment period by three years to 2028, providing a cushion against weak oil prices. The deal values SABIC at 123.39 riyals per share, 27% above the company’s share price of 89.90 riyals, as the coronavirus outbreak has hurt demand for petrochemicals pro...
Tags: Travel, Reuters, Aramco, Saudi Aramco, SABIC, Rupert Neil Bumfrey, Saudi Basic Industries SABIC, Amin Nasser


Aramco well placed for timid oil recovery

Aramco well placed for timid oil recovery Saudi Aramco is the investment of choice for those who think the oil market is a glass half full. True, U.S. crude futures temporarily turned negative last month, and even after something of a recovery Brent still trades at just $30 a barrel. Even so, the Saudi Arabian oil giant’s first-quarter results suggest at least some players are well prepared. Chief Executive Amin Nasser is caught in a storm, but he’s at least in a big boat. While Aramco’s ear...
Tags: Travel, UK, Bp, Aramco, Saudi Aramco, Nasser, Rupert Neil Bumfrey, Amin Nasser


Saudi Arabia assures India of uninterrupted LPG supply: Dharmendra Pradhan

India's oil minister said on Sunday that he had discussed global oil market developments with Saudi Energy Minister Prince Abdulaziz bin Salman and Aramco's Chief Executive Amin Nasser as well as uninterrupted LPG supplies to India.
Tags: Money, Saudi Arabia, India, businessNews, Aramco, Dharmendra Pradhan, Amin Nasser, Abdulaziz bin Salman


#Saudi Aramco to cut capital spending in 2020, posts drop in 2019 profit - Reuters

Saudi Aramco to cut capital spending in 2020, posts drop in 2019 profit - Reuters:Saudi Aramco 2222.SE on Sunday said it plans to cut capital spending in the wake of the coronavirus outbreak, as it posted a 21% decline in 2019 net profit due to a drop in oil prices and production, its first earnings announcement as a listed company.The world’s most profitable company and by far its biggest oil producer, Aramco listed its shares in Riyadh in December in a record $29.4 billion initial public offer...
Tags: Travel, Ipo, Opec, Reuters, Riyadh, Aramco, Saudi Aramco, Rupert Neil Bumfrey, Amin Nasser, Moscow Saudi Arabia


#SaudiArabia News: Aramco to Boost Oil Capacity to 13 Mln B/D - Bloomberg

Saudi Arabia News: Aramco to Boost Oil Capacity to 13 Mln B/D - Bloomberg:Saudi Arabia ordered state-run oil producer Aramco to boost the kingdom’s output capacity by 1 million barrels a day, the latest escalation in a battle for control of the global petroleum market.While delivering the extra capacity may take years and many billions of dollars in investment, the decision shows that Crown Prince Mohammed bin Salman has little intention of pulling back from his aggressive response to the breakd...
Tags: Travel, Saudi Arabia, Russia, Opec, Bloomberg, Mohammed, Aramco, Saudi Aramco, Mohammed bin Salman, Rupert Neil Bumfrey, Amin Nasser


Saudi Arabia has asked Aramco to boost oil capacity - CEO

Saudi Arabia's energy ministry has directed oil producer Saudi Aramco to raise its output capacity to 13 million from 12 million barrels per day (bpd), CEO Amin Nasser said in a statement on Wednesday.
Tags: Money, Saudi Arabia, businessNews, Saudi Aramco, Amin Nasser


Saudi Aramco asked to boost oil output capacity to 13 million barrels per day - CEO

Saudi Aramco has been directed by the Ministry of Energy to raise its oil production capacity to 13 million barrels per day (bpd) from 12 million bpd now, the company's Chief Executive Amin Nasser said in a statement on Wednesday.
Tags: Money, businessNews, Saudi Aramco, Ministry of Energy, Amin Nasser


#SaudiArabia, Russia raise stakes in oil standoff - Reuters

Saudi Arabia, Russia raise stakes in oil standoff - Reuters:Saudi Arabia will raise its crude supply to a record high in April, the kingdom announced on Tuesday, as it ratcheted up a standoff with Moscow over market share and appeared to reject Russian overtures for new talks.The clash of oil titans Saudi Arabia and Russia sparked a 25% slump in crude prices on Monday, triggering panic selling and heavy losses on Wall Street’s main stock indexes, already hit badly by the coronavirus outbreak.U.S...
Tags: Travel, Saudi Arabia, White House, Russia, Moscow, Donald Trump, Reuters, Mohammed bin Salman, Rupert Neil Bumfrey, Saudi Arabia Russia, Amin Nasser


#Saudi to hike April crude supply to 12.3 million bpd: Aramco CEO - Reuters

Saudi to hike April crude supply to 12.3 million bpd: Aramco CEO - Reuters:Saudi Aramco (2222.SE) will raise its crude supply, which includes oil to its customers inside the kingdom and abroad, to 12.3 million barrels per day (bpd) in April, CEO Amin Nasser said on Tuesday.April’s crude supply will be “300,000 barrels per day over the company’s maximum sustained capacity of 12 million bpd,” Nasser said in a statement received by Reuters.The company has agreed with its customers to provide those ...
Tags: Travel, Reuters, Aramco, Nasser, Rupert Neil Bumfrey, Amin Nasser


RPT- #Saudi Aramco launches largest shale gas development outside U.S. - Reuters

RPT-Saudi Aramco launches largest shale gas development outside U.S. - Reuters:Saudi Aramco is launching the biggest shale gas development outside of the United States to boost domestic gas supply and end the burning of oil at its power generation plants, Chief Executive Officer Amin Nasser told Reuters on Monday. The world’s top crude oil exporter has for years battled for market share with rapidly expanding shale oil producers in the United States, which in just a decade have developed capacit...
Tags: Travel, Saudi Arabia, Russia, United States, Reuters, Aramco, Saudi Aramco, U S Reuters, Rupert Neil Bumfrey, Amin Nasser, RPT Saudi Aramco


Saudi Aramco launches largest shale gas development outside U.S.

Saudi Aramco is launching the biggest shale gas development outside of the United States to boost domestic gas supply and end the burning of oil at its power generation plants, Chief Executive Officer Amin Nasser told Reuters on Monday.
Tags: Money, businessNews, United States, Reuters, Saudi Aramco, Amin Nasser


#SaudiArabia to Invest $110 Billion in Jafurah Gas Field - Bloomberg

Saudi Arabia to Invest $110 Billion in Jafurah Gas Field - Bloomberg:Saudi Arabia plans to invest 412 billion riyals ($110 billion) to develop unconventional natural gas reserves in the eastern Jafurah field, according to the kingdom’s official Saudi Press Agency.Crown Prince Mohammed bin Salman presided over a meeting of the Saudi High Commission for Hydrocarbons on Thursday during which the development plans were reviewed, the agency reported late Friday. The field is estimated to hold 200 tri...
Tags: Travel, Saudi Arabia, Mohammed bin Salman, Saudi Press Agency, Saudi Arabian Oil Co, Rupert Neil Bumfrey, Amin Nasser, Jafurah, Jafurah Gas Field Bloomberg, Saudi High Commission for Hydrocarbons


Aramco CEO Says Oil’s ‘Central Bank’ Can Handle Any Disruption - Bloomberg

Aramco CEO Says Oil’s ‘Central Bank’ Can Handle Any Disruption - Bloomberg:Aramco’s quick recovery from the attacks on its Abqaiq oil facility shows resilience and flexibility that’s without parallel in the industry, proving to the world that Saudi Arabia is a reliable supplier, said Chief Executive Officer Amin Nasser.State-run Saudi Arabian Oil Co., which is the world’s most valuable company, has well-drilled emergency response units and massive flexibility built into its facilities, Nasser sa...
Tags: Travel, Saudi Arabia, Bloomberg, Aramco, Saudi Aramco, Nasser, Bloomberg TV, Dammam, Saudi Arabian Oil Co, Abqaiq, Rupert Neil Bumfrey, Amin Nasser, Aramco CEO Says Oil 's ` Central Bank


Joint #Saudi, Kuwaiti oil field expected to produce 320,000 bpd by end-2020 - Reuters

Joint Saudi, Kuwaiti oil field expected to produce 320,000 bpd by end-2020 - Reuters:Saudi Arabia’s energy minister said on Wednesday the Khafji oil field which is jointly operated with Kuwait would produce 320,000 oil barrels per day (bpd) at the end of 2020, Saudi-owned al-Arabiya TV reported.Prince Abdulaziz bin Salman made the announcement at Khafji oil field complex in Saudi Arabia, a day after signing a deal with Kuwait that ended a dispute over the partitioned Neutral Zone that is shared ...
Tags: Travel, Saudi Arabia, Opec, Kuwait, Reuters, Al Arabiya TV, Rupert Neil Bumfrey, Khafji, Amin Nasser, Abdulaziz bin Salman, Neutral Zone, Wafra


#Saudi Aramco markets IPO in Dubai after approaching Kuwait fund - Reuters

Saudi Aramco markets IPO in Dubai after approaching Kuwait fund - Reuters:Saudi Aramco met investors in Dubai on Sunday to market its initial public offering (IPO), after trying to secure demand from Kuwait’s sovereign wealth fund for the deal, worth up to $25.6 billion, which relies heavily on local and regional buyers.Top executives of the Saudi state-owned oil giant, including Aramco’s Chief Executive Amin Nasser, met officials of Kuwait’s sovereign wealth fund weeks ago, a source familiar wi...
Tags: Travel, Dubai, Kuwait, Reuters, Riyadh, Aramco, Saudi Aramco, Rupert Neil Bumfrey, Amin Nasser, Alrai Meanwhile Aramco


#Saudi Aramco's CEO met Kuwait sovereign fund to discuss IPO: source - Reuters

Saudi Aramco's CEO met Kuwait sovereign fund to discuss IPO: source - Reuters:Saudi Aramco’s top executives have met officials of Kuwait’s sovereign wealth fund to convince them to invest in the oil giant’s initial public offering (IPO), which could raise as much as $25.6 billion, a source familiar with the matter said.The meeting, which was led by Aramco’s Chief Executive Amin Nasser, took place weeks ago, the source said, confirming an earlier report on Sunday in the Kuwaiti newspaper Alrai.Th...
Tags: Travel, Kia, Kuwait, Kuwait Investment Authority, Reuters, Aramco, Saudi Aramco, Rupert Neil Bumfrey, Amin Nasser, Alrai The Kuwaiti newspaper


#Saudi Aramco aims to begin planned IPO on Nov. 3: sources - Reuters

Saudi Aramco aims to begin planned IPO on Nov. 3: sources - Reuters:Saudi Aramco aims to announce the start of its initial public offering (IPO) on Nov. 3, three people with direct knowledge of the matter told Reuters, after delaying the deal earlier this month to give advisers time to secure cornerstone investors.The people also said Aramco’s chief executive officer, Amin Nasser, was not present at the conference on Tuesday as he was meeting investors abroad ahead of the offering.Aramco is look...
Tags: Travel, Ipo, Reuters, Aramco, Saudi Aramco, Tadawul, Rupert Neil Bumfrey, Amin Nasser


#Saudi Aramco survivor navigates choppy IPO waters | Financial Times

Saudi Aramco survivor navigates choppy IPO waters | Financial Times:Earlier this year, Saudi Arabia’s oil minister Khalid al-Falih tried to remove Amin Nasser from his post at the head of the state oil company, according to four people familiar with the matter.Since he was appointed chief executive of Saudi Aramco in 2015, Mr Nasser had played second fiddle to Mr Falih, a high-profile technocrat and the seemingly untouchable chief of Saudi energy policy at home and abroad.Yet Mr Nasser had start...
Tags: Travel, Saudi Arabia, Financial Times, Saudi Aramco, Nasser, Khalid al Falih, Rupert Neil Bumfrey, Amin Nasser, Falih


Aramco’s Long-Delayed Mega-IPO Is Finally Set to Hit the Market - Bloomberg

Aramco’s Long-Delayed Mega-IPO Is Finally Set to Hit the Market - Bloomberg:Crown Prince Mohammed bin Salman had only just started his rise to global notoriety when he stunned the global business community in early 2016 by promising to sell shares in the Saudi Arabian Oil Co., the state oil producer. Now, after several false starts, the initial public offering of Saudi Arabia’s crown jewel—Aramco, which pumps 10% of the global crude oil supply from abundant fields under the kingdom’s desert—is f...
Tags: Travel, Saudi Arabia, Aramco, Mohammed bin Salman, Alibaba Group Holding Ltd, Saudi Arabian Oil Co, Rupert Neil Bumfrey, Amin Nasser, Market Bloomberg


UPDATE 1-Attacks on #Saudi Aramco have no impact on IPO plans - CEO - Reuters

UPDATE 1-Attacks on Saudi Aramco have no impact on IPO plans - CEO - Reuters:Saudi Aramco’s chief executive said on Wednesday there would be no impact on the stock market listing plans of the state oil giant after attacks on its installations last month, which he blamed on Iran.Attacks such as those on Sept. 14, which sent oil prices up as much as 20%, may continue if there is no concerted international response, Amin Nasser told the Oil & Money conference in London.The attacks targeted the Abqa...
Tags: Travel, London, Saudi Arabia, Ipo, Iran, Reuters, Saudi Aramco, Abqaiq, Rupert Neil Bumfrey, Khurais, Amin Nasser, Oil Money


#Saudi Aramco Sees Shale Gas as Kingdom's Next Energy Bonanza - Bloomberg

Saudi Aramco Sees Shale Gas as Kingdom's Next Energy Bonanza - Bloomberg:The world’s biggest oil exporter is ramping up efforts to develop natural gas with plans for a 15-fold boost in output from unconventional deposits of the fuel.Saudi Aramco is building facilities to tap shale gas in the kingdom’s oil-rich eastern region and is making “a lot of progress” toward this goal, Chief Executive Officer Amin Nasser told reporters in Dammam, Saudi Arabia. Plans include a plant to desalinate seawater ...
Tags: Travel, Aramco, Saudi Aramco, Nasser, Rupert Neil Bumfrey, Dammam Saudi Arabia, Amin Nasser, Next Energy Bonanza Bloomberg


The $100 Billion Man: Aramco CEO Delivers Record-Breaking Bond - Bloomberg

The $100 Billion Man: Aramco CEO Delivers Record-Breaking Bond - Bloomberg:When Amin Nasser met investors at the palatial St. Regis hotel in midtown Manhattan last week, the chief executive officer of the world’s biggest oil company had one clear message: we’re in a league of our own.After a bruising two years of being buffeted by delays to an initial public offering, investor skepticism over the valuation and profound change within Saudi Arabia, the CEO was here to set Wall Street straight: “Sa...
Tags: Travel, Saudi Arabia, Bloomberg, Manhattan, Aramco, St Regis, Rupert Neil Bumfrey, Amin Nasser, Jamal Khashoggi


#Saudi Aramco building global gas business to cut carbon footprint | Reuters

Saudi Aramco building global gas business to cut carbon footprint | Reuters:Saudi Aramco, the world’s biggest oil producer, was building an international gas business and converting more crude oil into chemicals in a bid to lessen its carbon footprint, Chief Executive Amin Nasser said on Tuesday.Aramco is building “an energy bridge” between Saudi Arabia and China to meet the Asian energy consumer’s increasing need for oil and gas as well as for chemicals and liquefied natural gas (LNG), accordin...
Tags: Travel, Asia, Saudi Arabia, China, Beijing, Reuters, Saudi Aramco, Nasser, Rupert Neil Bumfrey, Amin Nasser


Saudi Aramco building global gas business to cut carbon footprint

Saudi Aramco, the world's biggest oil producer, was building an international gas business and converting more crude oil into chemicals in a bid to lessen its carbon footprint, Chief Executive Amin Nasser said on Tuesday.
Tags: Money, businessNews, Saudi Aramco, Amin Nasser


Aramco CEO Amin Nasser: Investors Tuning Out of Oil Industry - Bloomberg

Aramco CEO Amin Nasser: Investors Tuning Out of Oil Industry - Bloomberg:The oil industry faces a "crisis of perception" and there’s a growing risk the financial community will turn against fossil fuels, the chief executive officer of Saudi Aramco said as the world’s largest oil producer prepares for its first foray into capital markets."There is a worrying and growing belief among policy makers and regulators, investment houses, NGOs, and many others that we are an industry with little or no fu...
Tags: Travel, London, Saudi Aramco, Rupert Neil Bumfrey, Amin Nasser, Oil Industry Bloomberg


Saudi Aramco says oil industry faces 'crisis of perception'

Policymakers and investors increasingly believe firms have little or no future, CEO saysSaudi Arabia’s state oil company has said the industry faces a “crisis of perception” because society believes it has no future, which it says could threaten world energy security.Amin Nasser, the chief executive of Saudi Aramco, said financiers at the World Economic Forum in Davos last month had told him the sector had only a few years left because of trends such as the rise of electric cars. Continue readin...
Tags: Business, Climate Change, Saudi Arabia, Environment, Oil, UK News, World news, Commodities, Energy industry, Davos, Middle East and North Africa, Aramco, Saudi Aramco, World Economic Forum, Arabia, Amin Nasser


#SaudiArabia aims to export 3bln cubic feet/day of gas before 2030 | ZAWYA MENA Edition

Saudi Arabia aims to export 3bln cubic feet/day of gas before 2030 | ZAWYA MENA Edition:Saudi Aramco's chief executive said on Tuesday that Saudi Arabia aims to export 3 billion cubic feet per day of gas before 2030, from conventional and non-conventional resources.Speaking in London, Amin Nasser told reporters that future gas export options would include pipelined gas and liquefied natural gas (LNG) and that Aramco solely would develop the kingdom’s gas assets. [Author: [email protected] (...
Tags: Travel, London, Saudi Arabia, Aramco, Saudi Aramco, Rupert Neil Bumfrey, Amin Nasser


Aramco CEO says oil industry facing 'a crisis of perception'

Saudi Aramco's chief executive said on Tuesday the oil industry is facing "a crisis of perception" and the views of some observers that the end of oil is near with the rise of electric vehicles are illogical and not based on fact. Amin Nasser, CEO of the national oil company of the world's top crude-exporting country, told an industry event in London that demand for oil is expected to increase substantially, driven mainly by the transportation sector. "Our industry faces a crisis of perception...
Tags: Science, London, Saudi Aramco, Amin Nasser