Russia Beats Out OPEC Competitors in Chinese Market – Again
Russia maintained its position as the top crude oil exporter to China for the seventh month in a row
Russia maintained its position as the top crude oil exporter to China for the seventh month in a row
Tecnicas Reunidas, Saipem, and Samsung E&C are the primary contenders for a contract from Saudi Aramco for the construction of natural gas facilities in Haradh and Hawiyah.
Two state-owned Chinese oil companies have expressed interest in directly purchasing a share of Saudi Aramco.
Saudi Arabia pushed back against reports that it was considering a private offering of Saudi Aramco instead of the previously announced initial public offering (IPO).
To meet its self-imposed export cuts in November, Saudi Arabia is cutting crude oil shipments to customers in Asia.
The construction of an new oil pipeline connecting Saudi Arabia and Bahrain will be completed in 2018.
Saudi Arabia will cut crude shipments by 560,000 barrels per day (b/d) in November.
Both Iraq and Iran increased their crude oil exports in September.
Looking to expand its operations, Saudi Aramco plans to begin trading non-Saudi crude oil.
Saudi Aramco will soon finish the shale-production facilities it is building in northern Saudi Arabia.