Saudi Arabia Announces Increasing Oil, Gas Reserves
Saudi reserves increased by 2.2 billion barrels to 263.1 billion barrels of oil at the end of 2017, while natural gas reserves rose to 319.5 trillion cubic feet.
Saudi reserves increased by 2.2 billion barrels to 263.1 billion barrels of oil at the end of 2017, while natural gas reserves rose to 319.5 trillion cubic feet.
Sabic's domestic sales reached 2.7 million tons, covering around 94% of the kingdom’s consumption.
ADES International is renewing its contract for the ultra-shallow water rig Admarine 67 for a client in Saudi Arabia for seven years.
The Emirates National Oil Company (ENOC) plans to establish 45 service stations in Saudi Arabia over the next five years.
The Abu Dhabi National Oil Company (ADNOC) announced opening two service stations in Saudi Arabia.
Saudi Arabia plans to increase its annual mining revenue to $64 billion by 2030, up from current revenues of $17 billion.
Saudi Crown Mohammed bin Salman and Bahraini King Hamad bin Isa Al Khalifa opened a new oil pipeline connecting the two countries on November 26.
Saudi Aramco will sign 30 deals with local and foreign companies worth about $25 billion during the in-Kingdom Total Value Add (iktva) event.
A new Saudi mining project is expected to increase the country’s gross domestic product (GDP) by $6.4 billion and its non-oil GDP by 3%.
Saudi Arabia's crude production hit record highs in early November following large orders made in early October in preparation for the loss of Iranian crude from the market.