Saudi Aramco sees full oil production capacity by end of November

Several Asian refiners to get full Saudi oil supplies in November: Sources

Several Asian refiners to get full Saudi oil supplies in November: Sources

Aramco, the world's most profitable company and the biggest oil producer, issued its first debut worldwide bond of $12 billion in April, which was heavily oversubscribed with orders exceeding $100 billion.

The Saudi Arabia Monetary Authority (SAMA) is examining local banks' exposure to Saudi Aramco ahead of an initial public offering (IPO) of the state-oil giant that will likely see large numbers of Saudi investors seek loans to buy its stock.

Big Oil and the biggest and yet-to-be-listed oil company in the world Saudi Aramco have updated their dividend plans in recent months in an indication that they consider they will increase returns to shareholders even when nobody is sure where oil costs can be a month, a quarter, or a year from now.

The crown prince has indicated that he wants a valuation of $2 trillion, though analysts and Aramco officials have valued Aramco at closer to $1.5 trillion.

Unless there is a concerted global response, actions like those of September 14 could be repeated, the executive said.

Nasser called the mid-September strikes on Aramco facilities "an attack on the global economy", and not only on Saudi Arabia, and, in a possible dig at United States allies, complained about "an absence of worldwide resolve to take concrete action", which he said "may embolden the attackers and indeed put the world's energy security at greater risk".

"You heard the minister of foreign affairs and I think he spoke enough about (where) the attacks (are) coming from".

Yemen's Houthi group claimed responsibility for the attacks, but a US official said they originated from southwestern Iran.

Riyadh blamed adversary Iran for the strikes, a charge Tehran denied.

Nasser also emphasised that "not one single customer" was affected by the cut in output after the attacks, with the company succeeding in efforts to calm the market and proving to its customers that "we are a reliable supplier".

Saudi officials have said the September 14 strike would not affect state finances or growth, but investors and analysts said they could have a long-term impact on ambitious plans to diversify the Saudi economy and attract foreign capital.

Previously, the executive said that Aramco was on its way to recover its maximum oil production capacity of 12 million barrels per day by the end of November.

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