Alfanar, Taqnia Sign MoU For Renewable Energy Projects
The agreement aims to shift towards increased dependence on renewable energy sources, in line with Saudi Vision 2030.
Saudi Arabia | Egypt Oil & Gas - Part 25
Aramco Lowers Prices for Asian Markets in August
Prices for Asia are affected by the monthly average price of Platts Dubai and the Oman Dubai Mercantile Exchange (DME).
OPEC Production Hits 5-Year Low
OPEC produced 29.6 million per day (b/d) in June, down by 170,000 b/d compared with May.
Saudi Arabia, Kuwait Near Restoring Production in Neutral Zone
The two countries reportedly made significant progress in negotiations for the zone that could increase their oil production by 500,000 barrels per day (b/d).
Aramco, Hyundai Ink MoU For Hydrogen Fuel, Non-Metallic Materials
The two companies will expand their reliance on non-metallic materials in a wide range of applied application areas, led by the automotive industry.
Aramco Prepares for $100 B IPO
"The process was never fully suspended. I believe we are ready to start planning for the IPO of Aramco," said the Saudi Minister of Energy, Khalid Al-Falih.
OPEC+ Extends Oil Output Cut Agreement
The decision extends the deal to reduce crude oil output by 1.2 million barrels per day until the end of March 2020.
OPEC Extends Production Cuts to March 2020
The Organization of the Petroleum Exporting Countries (OPEC) has agreed to extend oil production cuts until March 2020, during their summit in Vienna.
Aramco, BHGE Sign MoU for Non-Metallic Facility
The facility will help serve a number of industries, such as oil and gas, construction, automotive, packaging, and renewable energy.
SABIC Extends Ar-Razi Partnership Deal for 20 Years
SABIC has renewed its partnership agreement with JSMC for another 20 years in a $1.35 billion deal.
