Saudi Arabia to Extend Gas Network with UAE, Oman

• Wednesday, 16th January 2019
• by Editorial Team

Saudi Arabia plans to expand the regional natural gas network, especially after the increase in the Kingdom’s estimates of energy reserves, Arab News reported. Last week, the kingdom’s energy ministry revealed a...

Global Economy, Oil Demand are Strong: Saudi Oil Minister

• Tuesday, 15th January 2019
• by Editorial Team

Oil demand will remain strong without being affected by US-China trade tensions, said Khalid Al-Falih, Saudi Arabian Oil Minister, Reuters reported. “The fundamentals of oil demand are sufficiently strong, and the oil...

Saudi Arabia to Generate 60GW in Renewable Energy by 2030

• Monday, 14th January 2019
• by Editorial Team

Saudi Arabia plans to integrate the renewable energy network in order to produce 60 gigawatts (GW) of renewable energy, 40 GW from solar power and 20 GW from wind and other sources, by 2030, said Khalid Al Sultan, pre...

Saudi Arabia to Construct $10B Oil Refinery in Pakistan

• Sunday, 13th January 2019
• by Editorial Team

Saudi Arabia plans to construct an oil refinery in Pakistan to help overcome the current Pakistani account deficit caused partly by high oil prices, Zawya Reuters reported. The refinery is set to be established in Pak...

Saudi Arabia Announces Increasing Oil, Gas Reserves

• Thursday, 10th January 2019
• by Editorial Team

Saudi Arabia announced that its oil and natural gas reserves have increased following an external audit conducted in preparation for the company’s long-awaited initial public offering (IPO), Pipeline Oil & G...

Petrochemicals Adds $12B to Saudi’s Economy

• Thursday, 10th January 2019
• by Editorial Team

The Saudi petrochemicals industry generates around $12 billion, said Yousef Al-Benyan, Deputy Chairman of Saudi Basic Industries Corp’s (Sabic), Zawya Reuters reported. Sabic’s domestic sales reached 2.7 million...

ADES to Renew Contract for Offshore Rig in Saudi Arabia

• Sunday, 16th December 2018
• by Editorial Team

ADES International is renewing its contract for the ultra-shallow water Admarine 67 rig for a client in Saudi Arabia for seven years, Pipeline Oil & Gas Magazine reported. The seven-year contract comes with an opt...

ENOC to Establish 45 Service Stations in Saudi Arabia

• Thursday, 13th December 2018
• by Editorial Team

The Emirates National Oil Company (ENOC) plans to establish 45 service stations in Saudi Arabia over the next five years, Pipeline Oil & Gas Magazine reported. Establishing the 45 service stations will ease the in...

ADNOC Opens First Service Stations in Saudi Arabia

• Tuesday, 11th December 2018
• by Editorial Team

The Abu Dhabi National Oil Company (ADNOC) has announced opening two service stations in Saudi Arabia, the Saudi Gazette reported. The two service stations are located on the Riyadh-Dammam highway and the second one i...

Saudi Arabia to Increase Mining Revenue to $64B by 2030: Energy Minister

• Tuesday, 27th November 2018
• by Editorial Team

Saudi Arabia plans to increase its annual mining revenue to $64 billion by 2030, up from current revenues of $17 billion, energy minister Khaled Al-Falih announced on November 26, Reuters reported. “We are seeking to ...