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As a profitable state-owned entity, Aramco has thrived in an age where the tides of capitalism have gravitated towards private enterprise. (Reuters/Maxim Shemetov)
ABDELAZIZ AL FAWZAN

Clerics, credit, jingoism: Saudi Aramco casts IPO net

The world’s most profitable company is seeking to raise around $25-billion from its much-delayed IPO

  • Anuj Chopra
4 min read
Striking oil: Richards Bay is the proposed site for a new refinery. The Central Energy Fund is in talks with Saudi Arabia’s Aramco to develop the $10-billion project. (Hoberman Collection/Universal Images/Getty Images)
CEF

Giant new refinery: curse or boon?

Saudi’s Aramco is planning an oil refinery in South Africa, but experts say the magaproject is risky

  • Thando Maeko
6 min read
As a profitable state-owned entity, Aramco has thrived in an age where the tides of capitalism have gravitated towards private enterprise. (Reuters/Maxim Shemetov)
AHMAD AL KHOWAITER

Aramco faces new test: shareholders

Saudi Arabia is offering a sliver of the company, touted as the kingdom’s crown jewel, in its upcoming initial public offering

  • Anuj Chopra
4 min read
Aramco produces 10.3-million barrels of oil a day.
CARBON EMISSIONS

Aramco, the world’s biggest polluter, goes to market

The Saudi-owned company aims to list 5% of its shares on the Riyadh-based bourse in December

  • Thando Maeko
4 min read
Energy minister Jeff Radebe. (Madelene Cronje/M&G)
DEPARTMENT OF ENERGY

Saudi $10bn SA investment to bring new refinery, petrochemical plant

Relations between South Africa and Saudi Arabia are set to strengthen as the kingdom follows through on its $10-billion investment pledge

  • Bongekile Macupe
2 min read
This was a meeting where we were reconnecting
OIL PRICES

Saudi tensions could increase SA fuel prices

A rapid price hike will result in South Africans paying more for food and transport.

  • Thulebona Mhlanga
2 min read