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WHEN Exxon Mobil Corp decided to get out of a big oil field in Iraq, the government took on the unusual role of salesman. Iraqi officials pitched West Qurna-1 to likely buyers from among Exxon’s supermajor peers, including arch-rival Chevron Corp. There weren’t any takers.
RIYADH: Saudi Aramco, the world’s biggest energy company, started marketing its first dollar-denominated Islamic bond sale.
ABU DHABI: A lender wholly owned by the federal government of the United Arab Emirates mandated banks for its second international bond sale.
RIYADH: Saudi Aramco, the world’s biggest energy company, has hired banks for its first ever US dollar-denominated Islamic bonds.
ST PETERSBURG, Russia: Igor Sechin, the head of Russian oil major Rosneft, said the world was facing an acute oil shortage in the long-term due to underinvestment amid a drive for alternative energy, while demand for oil continued to rise.
RIYADH: Saudi Arabia increased oil prices for customers in its main market of Asia by more than expected after crude surged above US$70 (RM288.58) a barrel and Opec forecast that global demand would heavily outstrip supply over the rest of the year.
RIYADH: Saudi Aramco is preparing to return to global capital markets with a bond that would help fund a US$75bil (RM308bil) dividend commitment, according to people with knowledge of the plan.
PETALING JAYA: Profits that disappointed investors third time in a row reiterates expectations that recovery will be slow for integrated technical services provider Dialog Group Bhd.
CAIRO (Reuters) - Saudi Aramco is co-leading a report on cyber resilience in the oil and gas industry with the World Economic Forum (WEF) and Siemens Energy, the Saudi Arabian state oil giant wrote on Twitter.