ADNOC Distribution announced that it has finalized the implementation of the agreement to acquire 15 service stations in Saudi Arabia at a cost of $10 million, reaffirming its commitment to expand its businesses i ...
Saudi Aramco has made four new oil and gas discoveries in the Kingdom, Prince Abdulaziz bin Salman bin Abdulaziz, Minister of Energy, stated.
The Minister of Petroleum and Mineral Resources, Tarek El Molla, has participated in the Organization of Arab Petroleum Exporting Company (OAPEC) virtual meeting via video conference launched from Kuwait.
Saudi Aramco, the world’s largest oil company, has completed the issuance of $8 billion worth of senior international bonds.
Acwa Power International, a developer, investor, and operator of a portfolio of power generation, is planning to raise about $1 billion by selling Islamic bonds early next year.
The world’s biggest oil exporter, Saudi Arabia, has set its sights on becoming the major player in supplying hydrogen to the market.
Saudi Aramco, the world’s largest oil company, has kick-started a jumbo bond sale on November 17 to help fund its promised $75 billion dividends.
Iraq’s Minister of Oil, Ihssan Abdul-Jabar, confirmed on November 8 that the Kingdom of Saudi Arabia and Iraq are keen to strengthen energy ties with regard to gas and electricity projects.
Saudi Arabia’s crude exports and total products have risen over two consecutive months from its historical low in June by 1.49 million barrels per day (mmbbl/d) to 6.99 mmbbl/d in August.
The Organization of Petroleum Exporting Countries and its allies (OPEC+) has warned that the state of the oil market is in a “precarious” position and has hinted towards a change of tack in regards to oil cuts.
