Finance ministry rejects claims of $5 billion oil-backed loan initiative collapse
The Federal Ministry of Finance has rejected claims regarding the collapse of a potential $5 billion forward sale of crude ...
Tag: Aramco
Nigeria’s $5 billion oil-backed loan with Aramco faces setback over price decline
Nigeria’s negotiations with Saudi oil giant Aramco for a $5 billion oil-backed loan have slowed due to a decline in ...
Global oil prices drop to $71 as 4th largest production company cuts prices for Asia
Global oil prices tracked by Brent futures have fallen to $71 per barrel, remaining below the $75 threshold after Saudi ...
Saudi Wealth Fund anticipates $20B windfall from Aramco
Saudi Arabia’s sovereign wealth fund is poised to secure approximately $5 billion in quarterly dividend payments from its augmented stake ...
Oil and gas companies to slash spending, as oil price falls
Oil and gas companies around the world are set to slash spending, as oil prices continue to plunge because of ...
Saudi Aramco surpasses Alibaba in world’s largest IPO, raises $25.6 billion
Saudi Arabia’s state-controlled oil firm, Aramco has raised $25.6 billion in the largest Initial Public Offering (IPO) ever.
