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SAUDI ARAMCO
The Nigerian National Petroleum Corporation (NNPC) is expected to work with Saudi Aramco to rejig the refineries
Saudi Aramco, which was recently-adjudged the most profitable company in the world, has again delayed its IPO.
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has disclosed the impact the drone attack on Saudi Arabian refinery
Whilst this is bad news on a global scale, Nigerian may inadvertently stand to benefit from it, albeit in the short term.
Following the recent attack on two oil facilities in Saudi Arabia, there are indications that oil prices could go as high as $100, as witnessed six years ago.
The facilities of Saudi Aramco suffered setback early Tuesday morning after explosive-laden drones attacked two pumping stations belonging to the state-owned oil company.
Nigeria's minister of state for petroleum resources, Ibe Kachikwu, paid a courtesy visit to the world's most profitable firm, Saudi Aramco on Wednesday.
According to credit ratings agencies, Saudi Aramco has outstripped Apple Inc., Alphabet, among others, to become the world's most profitable firm in 2018.
The world's largest crude producer – Saudi Arabia, is seriously 'courting' India, which also happens to be Nigeria's biggest crude market.