Kuwait and Saudi Arabia have brought in an international consultant to study the development plan for the Dorra offshore natural gas field and to determine both countries' shares in produced natural gas.
The Saudi Steel Pipe Company was awarded a contract for the supply of oil and gas pipes for an amount exceeding 5% of its revenues.
Prince Abdulaziz bin Salman, Saudi Energy Minister, announced that they would soon commence a new project at the Dorra offshore gas field.
Kuwait and Saudi Arabia agree to resolve the conflict over the Neutral Zone.
Khaled Al Fadhel, Kuwait’s Minster of Oil, expressed his hopes to resolve the Kuwait-Saudi Arabia Neutral Zone issue by the end of 2019.
Saudi Arabia’s crude oil exports have significantly increased by around 388,000 barrels per day (b/d) to reach 7.057 million barrels per day (mmbbl/d) in October, up from 6.669 mmbbl/d in September.
The Saudi Arabian General Investment Authority (SAGIA) announced a number of new petrochemical investments worth more than $2 billion.
Saudi Arabia's total crude oil output dropped by 0.660 million barrels per day (b/d) in September to 9.129 million b/d.
Saudi Aramco will start taking bids from local and foreign investors Sunday, November 17, with a preliminary valuation between $1.6 trillion and $1.71 trillion.
Kuwait’s Deputy Foreign Minister, Khaled Al Jarallah, said that positive consultations with Saudi Arabia regarding the Neutral Zone are continuing, noting that the two parties are looking forward to the final sign ...
