Saudi Aramco to Spend $133B on Drilling over Next Decade
Saudi Aramco plans to spend $133 billion on oil and gas drilling over the next decade, a senior company executive revealed on September 17.
News / International
Oman Production Reaches 30M barrels in August
Oman produced 30.21 million barrels of crude oil and condensate in August, averaging 974,500 barrels per day (b/d).
South Korea Imports of Iranian Crude Fall 86.5% YOY
South Korea’s imports of Iranian crude plummeted 86.5% year-on-year (YOY) in August, in anticipation of US sanctions set to take full effect in November.
Qatar’s Nebras Power Buys 75% Stake in Dutch Solar Firm
Qatari investment company Nebras Power has acquired a 75% controlling stake in Dutch solar firm Zon Exploitatie Nederland.
Bahrain LNG Terminal Completed by Besix
Belgian construction company Besix has completed the construction of a major LNG import terminal offshore on Bahrain's Muharraq Island.
Saudi-Malaysian Refinery to Receive First Oil Cargo in September
A refinery jointly-owned by Saudi Aramco and Malaysian state-owned Petronas will receive its first cargo of oil by the end of September.
Saudi Aramco, Schneider Electric Sign Agreement on Digital Transformation
Saudi Aramco and Schneider Electric Saudi Arabia have signed a memorandum of understanding (MoU) that will see the two companies cooperate on Aramco's Digital Transformation Program.
Qatar Petroleum, HPL Sign Naphtha Supply Deal
Qatar Petroleum has signed a deal with India’s Haldia Petrochemicals (HPL) to ship 600,000 tons of light naphtha over three years.
OPEC-led Group Able to Cover Supply Shortage: Russian Energy Minister
Russian energy minister Alexander Novak has expressed confidence that the OPEC-led group of crude exporters are capable of covering potential supply shortages.
SABIC Approved to Purchase Clariant Stake
Regulators have approved SABIC's purchase of a 24.99% stake in Swiss chemical company Clariant.
