SABIC Looks to Buy 50% Stake in Indian Petchem Plant
Saudi Basic Industries Corp (SABIC) is looking to purchase around 50% of the $4.6 billion Indian petchem project backed by Oil and Natural Gas Corp (ONGC).
Saudi Arabia | Egypt Oil & Gas - Part 42
Iran Deal: Saudi Arabia Will Not Act Unilaterally in Oil Markets
Riyadh is working closely with the UAE and Russia on "coordination and market consultations," regarding the impact of US President Donald Trump’s decision to pull out of the 2015 Iran nuclear deal, an OPEC source ...
Independent Audit Puts Saudi Oil Reserves at 270 Billion Barrels
Saudi Aramco's first external audit has revealed that the company has 270 billion barrels in oil reserves.
Polish Refinery to Increase Crude Purchases from Saudi Aramco
State-run Polish refinery PKN Orlen announced on April 27 that it plans to increase its monthly crude purchases from Saudi Aramco by 100,000 tons of Arabian Extra Light, bringing its total imports from Aramco to 3 ...
No Extension Needed on OPEC Cuts if Prices Continue to Rise: Iran
An extension to the oil production cuts will not be necessary if crude prices continue to rise, Iranian Oil Minister Bijan Zanganeh has said.
Kuwait Affirms Continued Support for OPEC Production Cuts
Kuwait affirms the country’s commitment to the OPEC-led oil production cuts put in place to increase prices.
Saudi Aramco, Gazprom to Increase Cooperation over Gas
Saudi Aramco and Gazprom have agreed to increase their cooperation in the gas sector by setting up a joint coordinating committee.
Most Countries Back OPEC, non-OPEC Agreement Extension: Al-Mazrouei
The majority of OPEC and independent oil producing countries support turning the OPEC non-OPEC agreement into a long-term producers’ alliance.
Extension of OPEC-led Cuts Hinges on Market Conditions: Kuwait
Kuwait Oil Minister Bakhit Al-Rashidi said on April 16 that market conditions would determine whether OPEC's agreement with non-OPEC countries to cut oil production will extend beyond the end of 2018.
Egypt, Saudi Arabia Sign Petroleum MoU
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, has signed a memorandum of understanding with Saudi Minister of Energy, Industry and Mineral Resources, Khaled al Falih, allowing the shari ...
