Global Economy, Oil Demand are Strong: Saudi Oil Minister
Oil demand will remain strong without being affected by US-China trade tensions, said Khalid Al-Falih, Saudi Arabia’s Oil Minister.
Oil demand will remain strong without being affected by US-China trade tensions, said Khalid Al-Falih, Saudi Arabia’s Oil Minister.
Saudi Arabia plans to integrate the renewable energy network to produce 60 GW of renewable energy, 40GW from solar power and 20GW from wind and other sources, by 2030.
The refinery is set to be established in Pakistan's deepwater port of Gwadar.
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.