Saudi Arabian oil company Aramco announced that it has signed an agreement in addition to nine other memoranda of understanding (MoUs) with major Korean entities aiming to optimize its downstream strategy and develop ...
Minister of Petroleum and Mineral Resources Tarek El-Molla held bilateral talks with Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim Al Khorayef, in which they discussed several mining issues of co...
China’s crude oil imports from Saudi Arabia have declined by 13% during November 2021 to 1.8 million barrels per day (mmbl/d), compared to 2.06 mmbl/d in November 2020, Reuters reported according to data from the Gene...
Baker Hughes celebrated the beginning of construction of its Oilfield Services (OFS) regional hub which is located at King Salman Energy Park (SPARK). SPARK is a 50-square kilometer energy city megaproject, which will...
Aramco and TotalEnergies have launched the first two service stations of their joint retail network in Riyadh and Saihat, a press release issued by Aramco announced. This development was within the framework of a join...
Saudi Minister of Energy Abdulaziz bin Salman bin Abdulaziz disclosed that the kingdom set a goal to reach net zero carbon emissions by 2060, Saudi Press Agency reported. This announcement was made during the first pa...
Saudi Arabia retained top spot in oil supplies to china for a ninth straight month in August as major producers relaxed production cuts, according to Reuters. The Organization of the Petroleum Exporting Countries (OPE...
Saudi Arabia’s crude oil exports in July rose to their highest since January, according to Reuters. Saudi Arabia’s oil exports jumped to 6.327 million barrels per day (mmbbl/d) in July, hitting the highest level...
Saudi Aramco aims to raise at least $17 billion from selling a significant minority stake in its gas pipelines, with over $12.4 billion raised from Aramco’s oil pipeline deal, Reuters reported. Aramco approached...
Saudi Basic Industries Corporation (SABIC), the kingdom’s Petrochemicals giant, expected to continue its strong performance in H2 2021, encouraged by the $2 billion profit in Q2, the energy demands and the risin...