OPEC Mulling 1M b/d Oil Output Cut
Saudi Arabia, the biggest OPEC producer, is discussing a proposal to cut oil output by up to 1 million barrels per day (b/d) between OPEC and allies.
Saudi Arabia | Egypt Oil & Gas - Part 34
Saudi Aramco, Sabic to Build Petrochemical Complex in Yanbu
State oil giant Saudi Aramco and petrochemicals company Saudi Basic Industries Corp (SABIC) will build a new integrated industrial petrochemicals complex in the port city of Yanbu on the Red Sea coast.
SABIC Posts $1.6B Q3 Net Profit
Saudi Basic Industries Corp (SABIC) has announced a net profit of $1.6 billion in Q3 2018 on the back of rising average prices and sales.
ACWA Power to Invest $658 M in South Africa
Saudi Arabian company ACWA Power plans to invest $658 million in South Africa, it announced on October 26.
Saudi Arabia Looks to Acquire 30% of Novatek Arctic LNG Project
Saudi Arabia aims to acquire 30% of Russia’s Novatek Arctic LNG project, Saudi Energy Minister Khalid al-Falih told Ekhbariya TV on October 25.
Saipem Remains Committed to Saudi Market
Italian oil services company Saipem expressed its commitment to Saudi Arabia and mentioned its plans to take part in a series of tenders offered by the company.
Saudi Aramco Signs 15 Deals Worth $34 B
Saudi Aramco announced that it has signed 15 preliminary deals and strategic and commercial collaborations worth more than $34 billion.
Saudi Arabia has ‘No Intention’ of Repeating 1973 Oil Embargo
Saudi Arabian Energy Minister stated that the Kingdom does not plan to impose an oil embargo akin to that of 1973 in response to predictions that it may cut its supply of crude for global markets by 500,000 barrel ...
Saudi Aramco to Buy Stake in Zhejiang Petrochemical Refinery
Saudi Aramco plans to purchase a stake in a new refinery being built by Zhejiang Petrochemical, according to Aramco's senior vice president of downstream.
Yanbu South Terminal Upgrade Boosts Saudi Oil Exports by 3M b/d
An upgrade to Saudi Aramco’s Yanbu South Terminal (YST) has added 3 million barrels per day (b/d) to the export capacity of the Red Sea facility.
