Saudi Arabia
Saudi Aramco to build the Gulf’s largest shipyard:

Saudi Aramco to build the Gulf’s largest shipyard through a joint venture with three companies, a $5.2 billion project aimed at helping reduce the economy’s reliance on oil.   Aramco...

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Saudi Arabia, Russia push to extend oil output cuts until March 2018

Saudi Arabia and Russia, the world’s two top oil producers, agreed on the need to extend oil output cuts for a further nine months until March 2018 to rein in a global crude glut, pushing up...

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Aramco agreement with Petronas gives Saudi Arabia the largest share in Asian markets

Reuters said that Saudi Arabia – the largest oil exporter in the world – cut a long way in the race for market share in Asia after it agreed some days ago to inject seven billion dollars in a...

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Saudi Arabia ahead for $60/b oil prices in 2017

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

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Saudi Aramco to raise its share in world oil markets

According to Reuter’s sources, Saudi Aramco is gaining market share and pushing for greater efficiency, chief executive Amin Nasser said in an interview. Nasser told Reuters that the state-owned...

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Saudi Arabia names Khalid al-Falih energy minister to replace Naimi

Saudi Arabia, the world’s largest crude oil exporter, on Saturday appointed Khalid al-Falih, chairman of the state oil giant Saudi Aramco, as its new energy minister, replacing Ali al-Naimi,...

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Saudi Arabia set to sign $21.5bn energy, development deals with Egypt

Saudi Arabia is expected to sign a $20 billion deal to finance Egypt’s petroleum needs for the next five years and a $1.5 billion deal to develop its Sinai region, two Egyptian government...

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Saudi Arabia: Aramco to raise oil extraction from giant Ghawar field

Oil-rich nations across the Persian Gulf are seeking ways to continue output from fields that are at least half a century old. While the industry average is for producers to recover about 35% of...

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Saudi demand optimism lifts oil prices

Prospects for a brief slowdown in U.S. oil production and demand expectations from Saudi Arabia gave oil prices a major lift in Thursday trading. Ibrahim al-Muhanna, an adviser to the Saudi Petroleum...

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Saudi Oil Minister Opens Second GCC Petroleum Media Forum, says no conspiracy theories behind oil price plunge

Saudi Minister of Petroleum and Mineral Resources, Ali bin Ibrahim Al Nuaimi, on Monday opened the Second GCC Petroleum Media Forum under the auspices of the Custodian of the Two Holy Mosques, King...

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