Saturday, 26 May, 2018

Russia, China Willing To Invest In Saudi Aramco's IPO

Custodian of the Two Holy Mosques King Salman bin Abdulaziz chairs a cabinet session in Riyadh Custodian of the Two Holy Mosques King Salman bin Abdulaziz chairs a cabinet session in Riyadh
Orlando Vargas | 15 February, 2018, 16:55

There is a list of 23 projects that may be developed, said Novak, adding that the LNG agreement could be signed later this year.

Dmitriev also said the Russian Direct Investment Fund, the Saudi Public Investment Fund and Aramco planned to invest in several projects through their joint energy platform including in Russia┬┤s Eurasia Drilling, a major independent driller.

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Sources told Reuters past year that Chinese state oil companies were willing to be cornerstone investors in the Aramco IPO, which could become the world's biggest, valuing the firm at up to $2 trillion and raising more than $100 billion.

Meanwhile, Saudi Arabia is looking from Russian Federation to East Africa and the USA for natural gas assets as state-owned Saudi Aramco searches for means to meet rising domestic demand.

RBI tightens bad loan restructuring junks all old debt restructuring schemes
If the resolution plan entails restructuring of the loans, even existing standard loans will get classified as NPAs. A non-performing asset is a loan for which the principal or interest payment has not been paid for 90 days or more.


Sea of Thieves is getting one more beta to stress its servers
While not an official "beta", players are encouraged to log in and help stress test the game's servers before launch on March 20. This scale test's goal is to try out the work that has been done on the game since the popular beta ended in January.


Mitt Romney's Senate run threatens to divide GOP
Romney has not faced the media during that time, and has deflected questions about running when reporters have caught up to him. Senate seat representing Utah and plans to announce his bid online on Thursday, multiple sources reported Wednesday.


Saudi Arabia is expected to spend US$79.6bn as CAPEX on conventional oil projects during 2018 to 2021, with spending topping in 2021 at US$20.5bn.

Saudi Arabia's disastrous war in Yemen is also costing the public purse dearly, while Mohammed bin Salman's efforts to isolate the neighbouring state of Qatar have cost Riyadh much-needed political capital globally.

Novak said that during the meeting, bilateral relations in all fields were discussed and productive discussions were held on energy.

At the opening, Mr Putin offered to sell Russian gas so that Saudi Arabia "could save its oil".

Russia, according to the BP Statistical Review of World Energy 2017, has the world's second-largest reserves of natural gas after Iran and is the world's second-largest producer of the fuel, which is being increasingly substituted for oil in Saudi stations.

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