Saudi Arabia Offsets OPEC Cuts with Record Fuel Exports
Saudi Arabia exported a record amount of gasoline and diesel in January 2018, helping the kingdom to offset the crude production cuts mandated by OPEC.
Saudi Arabia | Egypt Oil & Gas - Part 44
Saudi Crude Exports to Remain Below 7 mb/d
The Saudi Arabian Ministry of Energy has announced that crude exports will remain below 7 million barrels per day (mb/d) and crude production will stay under 10 mb/d during April 2018.
Aramco: $20 Trillion Needed for Global Petroleum Sector
The global oil and gas sector needs over $20 trillion investments through the coming 25 years in order to achieve the forecasted demand growth and to compensate for the developed fields’ natural decline, said Amin ...
Saudi Aramco to Supply China’s Huajin with 12 M Oil Barrels
Saudi Aramco has approved providing 12 million barrels of crude oil to China’s Huajin Chemical Industries Group Corporation based on an annual deal.
Saudi Arabia, Russia Increase Energy Cooperation
Saudi Arabia and Russia are continuing to strengthen their relations in the energy sector.
Aramco Signs Chemical Technology Agreement
Saudi Aramco has signed an agreement with two US companies to use their technologies in order to turn crude oil to chemicals, which will help the kingdom boost its petrochemical business.
Aramco Seeks Cheap Loans ahead of IPO
Saudi Aramco is seeking to raise billions of dollars through cheap bank loans in order encourage strong ties with banks before its stock listing.
Aramco Turns into a Joint-Stock Company
Saudi Arabia has converted its giant Aramco into a joint-stock company right before its initial public offering (IPO) planned for later 2018.
Saudi Arabia Increases Gasoline Prices
Saudi Arabia announced increasing local gasoline prices on the January 1st, 2018, in order to reach a more efficient energy use.
Saudi Fiscal Plan Projects Higher Oil Revenues
In a six-year plan to balance the government’s budget, Saudi Arabia predicts that oil prices will rise to $75 per barrel by 2023.
