Kuwait, Saudi Close to Neutral Zone Final Signing

• Wednesday, 6th November 2019
• by Editorial Team

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 signing ...

Aramco Sets a Timeline for Its IPO

• Wednesday, 30th October 2019
• by Mai El Ghandour

Saudi Aramco is set to launch its initial public offering (IPO) on November 3,  Al Arabiya announced on Twitter on October 29. Aramco’s media office refused to comment, saying that the timing of the IPO depends on mar...

Saudi to Invest in India’s Downstream Projects

• Tuesday, 29th October 2019
• by Mai El Ghandour

Saudi Arabia is planning to invest in downstream oil and gas projects in India as part of a strategic partnership between the two countries, Zawya reported. India’s Prime Minister Narendra Modi revealed his country’s ...

IMI, GustoMSC Ink Drilling Rigs License Agreement

• Monday, 21st October 2019
• by Editorial Team

Saudi Arabia’s International Maritime Industries (IMI) has inked a drilling rigs license agreement with GustoMSC, an NOV company, according to Pipeline Oil and Gas Magazine. Under the agreement, IMI will be responsibl...

Saudi, UAE, Qatar to Lead $1 B Industrial Gas Market

• Monday, 21st October 2019
• by Editorial Team

Saudi Arabia topped GCC industrial gas market due to increasing infrastructural activities and rising demand from the regional chemical industry, a research note issued by Persistence Market Research (PMR) on GCC indu...

Saudi Aramco Reduces Local Gasoline Prices for Q4

• Monday, 21st October 2019
• by Mai El Ghandour

Saudi Aramco announced that it started reducing gasoline prices on October 20, according to Saudi Gazette. Aramco’s 91 grade — used by the majority of modern cars — will be priced at 1.50 riyals per liter, down ...

Kuwait, Saudi to Restart Neutral Zone Oil Output

• Sunday, 20th October 2019
• by Mai El Ghandour

Kuwait and Saudi Arabia are negotiating to restart oil production from the jointly-operated fields in the Neutral Zone, according to Zawya. Kuwait’s Deputy Foreign Minister, Khaled Al-Jarallah, said that “...

Saudi Arabia, Russia to Bring Energy Market Stability: Putin

• Monday, 14th October 2019
• by Mai El Ghandour

Russian President Vladimir Putin ensured that Russia is willing to cooperate with Saudi Arabia to bring stability to the global energy market, Putin said during an interview with Al Arabiya TV. Putin revealed that the...

Saudi Arabia’s Oil Production Drops by 660,000 b/d in September After Attacks

• Sunday, 13th October 2019
• by Editorial Team

Saudi Arabia’s oil production dropped by 660,000 barrels per day (b/d) in September, compared with August, reaching around 9.13 million b/d after an attack on its energy installation, Reuters reported. The oil product...

Asian Refiners to Get Full Saudi Crude Volumes in November

• Thursday, 10th October 2019
• by Editorial Team

Sources said on October 10, 2019, that at least seven refiners across Asia will receive the full Saudi crude volumes they have requested for November loading, a sign the top oil exporter’s production has stabili...