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Aramco Archives - iran news daily iran news now
Aramco Profits Cut by 73%, Battered by Pandemic 10 Aug 2020

Aramco Profits Cut by 73%, Battered by Pandemic

Energy giant Saudi Aramco said on Sunday its second-quarter profits plunged a massive 73 percent due to sharply lower oil prices as the coronavirus pandemic crisis undercuts global demand.

Russia: No convincing evidence on Iran role in Aramco attack 18 Jun 2020

Russia: No convincing evidence on Iran role in Aramco attack

There is no convincing evidence in a UN report on Iran's alleged involvement in the attack on Saudi oil fields, a Russian Foreign Ministry spokeswoman said on Wednesday.

Zarif rejects UN report on Aramco attacks 15 Jun 2020

Zarif rejects UN report on Aramco attacks

Foreign Minister Mohammad Javad Zarif said on Saturday rejected a UN report that said cruise missiles and drones used in attacks on Aramco oil facilities and an airport in Saudi Arabia last year were of “Iranian origin”.

Iran Rejects UN Allegations on Missile Attack on Aramco 13 Jun 2020

Iran Rejects UN Allegations on Missile Attack on Aramco

The Foreign Ministry of Iran dismissed allegations made by the UN Secretariat that the missiles used in attacks on Saudi Aramco last year were of Iranian origin.

Saudi Arabia seeks peace with Iran 14 Dec 2019

Saudi Arabia seeks peace with Iran

TEHRAN (Iran News) – Saudi Arabia is quietly trying to mend fences with Iran and other regional rivals as officials in the kingdom have grown more worried about the risks conflict poses to its oil-dependent economy. Riyadh’s newfound interest in better relations with regional rivals comes as Saudi officials question how much backing it has […]

Iran role in Aramco attack not proved 11 Dec 2019

Iran role in Aramco attack not proved

TEHRAN (Iran News) – United Nations Secretary-General Antonio Guterres says the world body’s investigators are “unable to independently corroborate” the US and Saudi claims that Iran had a role behind the kingdom’s Aramco oil facilities going through attack in September. The United Nations is “unable to independently corroborate” that Iran had a role in missiles […]

Risks of selling Aramco stocks 11 Nov 2019

Risks of selling Aramco stocks

The Saudi government plans to sell 2% of state oil giant Aramco in a domestic listing on December 11, but restrictions on future share sales mean an international IPO is ruled out for at least a year.

Saudi Crown Prince Permitted Aramco IPO 02 Nov 2019

Saudi Crown Prince Permitted Aramco IPO

TEHRAN (Iran News) – Saudi Crown Prince Mohammed bin Salman finally gave the go-ahead for the initial public offering of Aramco. The crown prince made the decision of Aramco IPO at a meeting he chaired on Friday and an official announcement is likely as soon as Sunday, according to people familiar with the matter, who […]

Richard Nephew: No to War, Yes to Diplomacy 25 Oct 2019

Richard Nephew: No to War, Yes to Diplomacy

Before shooting down of the U.S. drone by Iran and setting Aramco oil facilities on fire by Yemeni forces, the U.S. used to beat the drum of war, and these belligerent propagations but void and bluffing ones motivated Saudi Arabia

Aramco, the Victim of White House Decision 16 Oct 2019

Aramco, the Victim of White House Decision

Saudi Arabia’s Aramco Refinery is in Abquaiq region and it is huge oil-processing facilities, located in the desert 60 km southwest of the Dhahran-Dammam-Khobar metropolitan area and it is considered as the biggest crude oil refinery in the world.