Acwa Power Set to Raise $1 B in Sukuk Sale
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.
Saudi Arabia | Egypt Oil & Gas - Part 12
Saudi Arabia Aims for Hydrogen Market Dominance
The world’s biggest oil exporter, Saudi Arabia, has set its sights on becoming the major player in supplying hydrogen to the market.
Aramco to Initiate Major Bond Sell-Off
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, Saudi Keen on Future Energy Projects
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 Crude Exports Rise MoM
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.
OPEC+ Warns of “Precarious” Oil Market
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.
Aramco Announces Lower Gasoline Prices for October
Saudi Aramco, the world’s largest oil company, has announced new petroleum prices starting 11 October.
Saudi Oil Production Remains Steady in September
Saudi Arabia, the world’s largest oil producer, has reduced its crude oil production by 104,000 barrels of oil per day (bbl/d) when compared with August’s figures.
Saudi Firms to Create $11 B Petrochemicals Business
Saudi Industrial Investment Group and National Petrochemical Company have initiated talks to merge the two companies, resulting in an $11 billion petrochemical enterprise.
Global Oil Supply Rises to 90 mmbbl/d After Termination of Voluntary Cuts
The International Energy Agency's (IEA) monthly report has found that global oil supply has increased by 2.5 million barrels of oil per day (mmbbl/d) to 90 mmbbl/d after the cessation of voluntary cuts by Saudi Ar ...
