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).
Saudi Arabia | Egypt Oil & Gas - Part 28
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.
Saudi Arabia, Russia Agree on Extending OPEC+ Deal
Saudi Arabia and Russia have agreed to extend the OPEC-led crude oil production cuts by another six to nine months.
Saudi’s Advanced Petrochemicals to Receive New Plant’s Feedstock
Saudi’s Advanced Global Investment Company (AGIC), an affiliate to Advanced Petrochemicals Company, has received the needed approvals from the Saudi Ministry of Energy, Industry, and Mineral Resources to get the r ...
Saudi Aramco Signs $6 B MoU for Petchem Projects
Saudi Aramco signed a memorandum of understanding (MoU) with S-Oil, one of South Korea’s top refiners by capacity, for technical advice petrochemical plant worth $6 billion.
