Kuwait, KSA to Resume Neutral Zones Production

• Wednesday, 15th March 2017
• by Sarah Samir

Kuwait and Saudi Arabia have been in talks over resuming work at neutral oil and gas zone fields that are owned by the two countries. The fields were halted in 2015 due to a continuous dispute between them, as informe...

Saudi Aramco Announced Initial Public Offering

• Tuesday, 7th March 2017
• by Sarah Samir

Saudi Aramco’s CEO, Amin Nasser, made the announcement of an initial public offering (IPO) on the 6th of March. Aramco will be publicly listed both in Saudi Kingdom and abroad in the second half of 2018, reporte...

Saudi Arabia Aims Barrel Price to Hit $60

• Tuesday, 28th February 2017
• by Editorial Team

Saudi Arabia wants crude oil prices to rise to around $60 a barrel in 2017, five sources from OPEC countries and the oil industry said, according to Reuters. This is the level the OPEC heavyweight and its Gulf allies ...

Aramco Confirms $7b Deal With Petronas

• Tuesday, 28th February 2017
• by Editorial Team

The Malaysian Prime Minister, Najib Razak, announced that Saudi Arabia’s state oil company Saudi Aramco will invest $7b into an oil refinery and petrochemical project in Malaysia’s southern state of Johor, Free Malays...

Siemens to Provide 5 CHP Turbines to Saudi Arabia

• Sunday, 26th February 2017
• by Editorial Team

Siemens has received an order for five F-class gas turbines for a combined heat and power (CHP) plant in the Kingdom of Saudi Arabia, Diesel & Gas Turbine Worldwide reported. With a generating capacity of around 1...

Aramco, Petronas to Sign Refinery Agreement

• Sunday, 26th February 2017
• by Editorial Team

Malaysia’s state oil firm Petroliam Nasional Bhd (Petronas) and Saudi Aramco are expected to sign an agreement to collaborate in Malaysia’s Refinery and Petrochemical Integrated Development (RAPID) project...

Aramco Mulls Shares for Saudi Citizens

• Wednesday, 22nd February 2017
• by Editorial Team

Oil giant Saudi Aramco is reportedly considering offering shares to citizens of Saudi Arabia as it prepares for an initial public offering (IPO) that could be the biggest the world has ever seen, Oil Price wrote. The ...

MENA to Invest $294b in Oil Sector

• Monday, 20th February 2017
• by Editorial Team

According to MEED Insight’s MENA Oil and Gas Report 2017, about $294b of oil, gas, and petrochemicals projects are in the pre-execution phase across the Middle East and North Africa (MENA) region, even as concerns abo...

Riyadh Loses Oil Production Leadership to Moscow

• Monday, 20th February 2017
• by Editorial Team

Russia overtook Saudi Arabia as the world’s largest crude producer in December 2016, when both countries started restricting supplies ahead of agreed cuts with other global producers to curb the worst glut in decades,...

Saudi Aramco Signed Crude Deal with Chinese Refiner

• Monday, 13th February 2017
• by Editorial Team

State oil giant Saudi Aramco has signed a contract with Chinese oil refiner North Huajin Chemical Industries Group Corp to supply its crude in 2017, two sources with knowledge of the matter said, Reuters reported. Sau...