Saudi SABIC Foresees H2 Strong Performance
In Q2 2021, the company's sales increased by 72.3% reaching around $11.3 billion, compared to approximately $6.6 billion a year earlier.
Saudi Arabia | Egypt Oil & Gas - Part 11
Kuwait Inaugurates its First LNG terminal
Kuwait has inaugurated its first permanent liquefied natural gas (LNG) terminal, Al Zour LNG terminal, for its LNG importing business.
Saudi Aramco to Sell More Assets
Saudi Aramco plans to sell more of its assets in order to raise billions of USD dollars.
Saudi Arabia raises August’s Crude Oil Selling Prices
Saudi Arabia plans to increase its crude oil selling prices starting August 2021. The increase will be for Asian, Mediterranean, and North European countries, as well as the US.
Baker Hughes, Air Products to Collaborate on Hydrogen Projects
Baker Hughes company announced that it will collaborate with Air products company, a global leader in industrial gases and megaproject development on developing NEOM carbon-free hydrogen project in Saudi Arabia by ...
Saudi Aramco Shuts its Subsidiary in Azerbaijan
Saudi Aramco has announced the liquidation of its subsidiary in Azerbaijan, Aramco Overseas Company Azerbaijan, according to NeftegazRU.
OPEC+ to Increase Production in July 2021
The Organization of Petroleum Exporting Countries and its allies (OPEC+) plans to increase oil production in July 2021, however Saudi Arabia’s energy minister kept the market guessing about whether the group will ...
Saipem Wins Three New Onshore Drilling Contracts
Saipem has been awarded the extension of two significant onshore drilling contracts in Saudi Arabia for a period of five and ten years, respectively, as well as a new four-year contract in Colombia, according to S ...
Saudi to Export Full June Volumes of Crude to Asian Refiners
Saudi Arabia intents to supply full volumes of crude oil to at lease four Asian refineries in June.
ADNOC Distribution Records Net Profit of AED 631 million in Q1
ADNOC Distribution company announced that it has achieved net profit worth AED 631 million during Q1 of 2021 including Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of AED 740 million.
