Saudi Aramco has chosen Citigroup Inc. to help arrange a potential multibillion-dollar stake sale in its oil export and storage terminals business, according to people familiar with the matter.

FILE - Storage tanks are seen at the North Jiddah bulk plant, an Aramco oil facility, in Jiddah, Saudi Arabia, on March 21, 2021. Saudi Arabia's state-run oil giant Aramcobrought in $30 billion in ...

FILE - Storage tanks are seen at the North Jiddah bulk plant, an Aramco oil facility, in Jiddah, Saudi Arabia, on March 21, 2021. Saudi oil giant Aramco reported Sunday, March 10, 2024 a $121 billion ...

The move follows a competitive process involving several major investment banks, with Citigroup emerging as the preferred adviser in recent days.

The companies will explore capital investments to upgrade and diversify production, including high-quality distillates that ...

DUBAI, United Arab Emirates -- Saudi oil giant Aramco reported Tuesday a $26.9 billion profit in the third quarter, down slightly from last year as global energy prices remain depressed over concerns ...

Saudi Aramco has launched a new multi-tranche bond sale amid weaker Q1 profits. The bond issuance and possible asset sales come as Aramco faces lower margins due to soft oil prices and OPEC+ strategy ...

Saudi Aramco will begin exporting condensate from its Jafurah gas plant in February. The company plans to offer four to six ...

Saudi Aramco's recent $11.2 billion share sale raises questions about its competitiveness and ability to support Saudi Arabia’s financial system and Vision 2030 development plan. The company’s high ...

The partners will evaluate potential capital investments to expand and diversify the Samref refinery’s existing production ...

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KPRC 2 Investigates repeat power outages in the Houston area. How to check power outages in your zip code. Read full article: Check now: Is your Houston neighborhood a power outage hot spot? One ...