KSA

  • Saudi Arabia Pumps 12 mmbbl for the First Time

    Saudi Arabia Pumps 12 mmbbl for the First Time

    Thursday, 2nd April 2020

    Saudi Arabia exceeded more than 12 million b/d for the first time in the Kingdom’s history.

  • Aramco to Issue $10 B Bonds

    Aramco to Issue $10 B Bonds

    Thursday, 28th March 2019

    As the world largest oil firm, this move is seen as an indicator of how well the company operates, with its only debt issuance so far.

  • Aramco to Acquire 70% Stake in SABIC

    Aramco to Acquire 70% Stake in SABIC

    Thursday, 28th March 2019

    Saudi Aramco, the world’s largest oil producer, is acquiring a 70% stake in Saudi Basic Industries Corp (SABIC) in a $69.1 billion deal that aims to develop Aramco’s downstream growth plans.

  • Egypt  Agrees on a $750M Seismic Survey

    Egypt Agrees on a $750M Seismic Survey

    Thursday, 22nd June 2017
    GANOPE agreed with five International Oil Companies (IOC's) six months ago to conduct a $750m seismic survey in the Red Sea
  • Aramco Aims to Invest Globally in Gas and LNG

    Aramco Aims to Invest Globally in Gas and LNG

    Wednesday, 7th June 2017
    Aramco aims to invest globally in production of gas and liquefied natural gas (LNG) after holding its initial public offering.
  • Oil Jumps as Arab Countries Cut Ties with Qatar

    Oil Jumps as Arab Countries Cut Ties with Qatar

    Monday, 5th June 2017
    Oil jumps 1.5% as Egypt, Saudi Arabia, Bahrain and the United Arab Emirates effectively create a land and air blockade of Qatar.
  • UAE: Arab Energy Companies to Inject Investments in Egypt

    UAE: Arab Energy Companies to Inject Investments in Egypt

    Monday, 27th February 2017
    Two Arab Energy Companies are willing to expand their work in the Egyptian petroleum sector.
  • Riyadh Mulls Price Hike for Crude to Asia

    Riyadh Mulls Price Hike for Crude to Asia

    Thursday, 2nd February 2017
    Saudi Arabia is expected to slightly increase the price of its crude for Asian customers in March in line with a stronger Dubai benchmark price.
  • OPEC Meets 82% Compliance with Freeze Deal

    OPEC Meets 82% Compliance with Freeze Deal

    Tuesday, 31st January 2017
    The Organization of the Petroleum Exporting Countries' (OPEC) oil output was set to fall by more than 1mb/d in January to prop up oil prices and reduce a supply glut. Supply from 11 OPEC members with production targets under the deal has averaged 30.01mb/d in January, compared to 31.17mb/d in December.
  • Angola Becomes Top Chinese Crude Supplier

    Angola Becomes Top Chinese Crude Supplier

    Wednesday, 31st August 2016
    Angola beat out Saudi Arabia and Russia in July to become China's largest crude supplier for the first time in 2016, as the Asian country's import amounted to 1.11mb/d of Angolan crude, marking a surge of 23.3% over the same period last year.