Saudi Arabia seeks to calm global oil marketsSteven Mufson
On the same day, a memorandum of understanding was signed between Sinopec, Saudi Aramco, and Saudi Basic Industries Corporation, for the planned launch of a project that would convert liquid resources into petrochemical products in Saudi Arabia's Yanbu. Another memorandum has also been signed betwee...
Field Development Contracting heavyweight signs agreement for work on $7 billion-plus Saudi Aramco gas plant expansion project Published17 January 2025 6:10 GMT Politics Prolonged Gaza ceasefire could be a 'door opener' into Israel for Saudi Arabia and other Arab nations: analysts ...
Analysis: Saudi Arabia allows foreign oil companies in to explore; no US companies made winning bidsROBERT SIEGEL, MICHELE NORRIS
This cooperation has expanded to other fields over recent years, paving the way for both Saudi Arabia and China to build strong partnerships and collaborate on projects promoting economic growth, job creation and workforce upskilling. The company has also established multi-field cooperation with Chinese...
In 1951 the Arabian American Oil Company (Aramco) discovered the first offshore field in the Middle East, at Raʾs Al-Saffāniyyah, just south of the former Saudi Arabia–Kuwait neutral zone, and oil was discovered in the zone itself in 1953. Al-Ghawār, just south of Dhahran and west...
in the first quarter of 2019, Saudi Arabia's budget has accomplished its first surplus since 2014 of more than 10 billion U.S. dollars due to the increase of both the oil and non-oil revenues. Public debt witnessed a significant increase in 2020 following the COVID-19 pandemic but was ...
In June 2023, Baker Hughes secured a significant contract to supply subsea trees for Eni’s Baleine project, located offshore the Ivory Coast in West Africa. The project involves tapping into the Baleine field in three phases, with the first phase scheduled to begin production this year, follow...
CUSB will be an industrial facility that provides buildings of various sizes to host companies and supply them logistics, technical and engineering services as well as business report. The centre will be the first of its kind in Saudi Arabia and the largest in the ...
For his part, al-Fadhel said that Kuwait is committed to the international decisions to reduce oil production, adding that the joint production between Saudi Arabia and Kuwait does not contradict the decisions of the "OPEC+" agreement on production cuts. ...