Initial offers for the privatization of Bharat Petroleum Corp Ltd (BPCL) are due to close on Monday amid indications that large British companies BP Plc, Total of France and Saudi Aramco are unlikely to submit offers. The government, which is selling its entire 52.98 percent stake in India’s second-largest oil …
Read More »Middle East Heads To Political Reform Under Biden
DUBAI: Contrary to Donald trumpimpulsive policies in the Middle East, Joe biden It is expected to return to a more conventional American stance and reengage with Iran, redesigning regional geopolitics. During his tenure in power, Trump’s unconventional strategy produced a dizzying sequence of signature achievements, risky moves, and failed initiatives …
Read More »Saudi Arabia cuts oil prices as coronavirus continues to undermine energy demand
Saudi Arabia cut prices for oil sales in October, a sign that the world’s largest exporter sees demand for fuel fluctuate amid more coronavirus outbreaks around the world. The kingdom’s state-owned producer Saudi Aramco cut its key grade of Arab Light crude by a larger amount than expected for shipments …
Read More »Mukesh Ambani: Working with Saudi Aramco to complete partnership: Mukesh Ambani
Mumbai: Oil-to-telecom group Reliance Industries (RIL) said on Tuesday that it is working to complete the framework of a strategic partnership with Saudi Aramco. Mukesh Ambani, Chairman and Managing Director in the company’s annual report, said, “The partnership gives our refineries access to a comprehensive portfolio of feedstock protection for …
Read More »