Saudi Aramco, the world’s top oil exporter, is in talks with US LNG firms Tellurian and NextDecade to acquire a stake in a Louisiana plant and secure long-term gas supplies, signaling its growing ambitions in the liquefied natural gas market.
Saudi Aramco
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Saudi Arabia is testing investor appetite with a new share sale for its state-owned oil giant Aramco. The move aims to raise up to $13.1 billion and broaden the company’s investor base as the kingdom seeks to diversify its economy away from oil.
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Saudi Arabia sets to launch a $10 billion secondary share offering for Aramco this Sunday, aligning with strategic economic transformations and oil market dynamics.
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Saudi Arabia’s state-owned oil giant, Saudi Aramco, announced plans to sell new shares in a move that could raise up to $13.1 billion. This significant deal is designed to fund the kingdom’s ambitious economic diversification plans, lessening its dependence on oil revenue.
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Saudi Arabia is contemplating a multi-billion dollar share sale of oil giant Aramco as early as June. This potential deal could raise around $10 billion and be a significant step towards the country’s economic diversification goals.