Saudi Arabia | Egypt Oil & Gas - Part 14
Aramco’s Production Averages at 12.4 mmbbloe/d in 2020
Saudi Aramco achieved an average production of hydrocarbon of 12.4 million barrels per day of oil equivalent (mmbbloe/d) in 2020, of which 9.2 million barrels per day (mmbbl/d) were of crude oil. The company reached a...
Saudi Arabia Intends 1 mmbbl/d Reduction in Domestic Hydrocarbons Consumption
Saudi Arabia Energy Minister, Prince Abdulaziz bin Salman has recently announced that the kingdom targets slashing consumption of domestic liquid hydrocarbons by one million barrels per day (mmbbl/d) to be better used...
Qatar Sends First Oil Cargo to UAE After Restoring Ties
Qatar has exported first oil cargo to an Arabian Gulf neighbor since the United Arab Emirates along with other three Arab countries agreed to restore ties with Doha in January, according to Bloomberg. The shipment loa...
El Molla Attends the 5th IEF-EU Energy and Climate Day
The Minister of Petroleum and Mineral Resources, Tarek El Molla, participated in the 5th International Energy Forum of the European Union (IEF-EU) Energy and Climate Day via video conference to promote a safe and sust...
Saudi Arabia, Russia Differ in OPEC+ Meeting
Saudi Arabia and Russia are in talks about different oil strategies before crucial OPEC+ meeting about the market, according to Bloomberg. Saudi Arabia indicated that it would prefer to keep production steady, while M...
ADNOC Distribution to Acquire 20 Service Stations in Saudi Arabia
ADNOC Distribution announced that it has executed two agreements to acquire 20 service stations in Saudi Arabia worth . 5 million to increase its total network there to 37 stations, Reuters reported. ADNOC announced, ...
Aramco to Sell More Shares to Reinforce State’s Sovereign Wealth Fund
Saudi Crown Prince Mohamed bin Salman announced that the state-owned Aramco Company will sell more shares as apart of its plan to reinforce the Kingdom’s Sovereign Wealth Fund. This came during his speech at the Futur...
Saudi Arabia Keeps To Rank as Oil Supplier to China in 2020
Saudi Arabia, the largest oil exporter in the world, kept its ranking as the number one oil supplier for China during 2020, beating Russia, Reuters reported quoting data from the Chinese government. Despite COVID-19, ...
