Saudi Arabia
Convergence of views between Saudi Arabia and Russia regarding OPEC Plus production rates

An official source at the Ministry of Energy announced that the Kingdom will extend the voluntary reduction of one million barrels per day, which began in July 2023 and was extended to include the...

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Saudi Arabia, UAE, other OPEC+ oil producers announce voluntary output cuts

Saudi Arabia and other OPEC+ oil producers on Sunday announced voluntary cuts to their production, with Riyadh saying it would cut output by 500,000 barrels per day (bpd) from May until the end of...

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Aramco lays foundation stone for SAR 26.3 bln Shaheen project in South Korea

Officials during laying the foundation stone of Shaheen Petrochemical project Saudi Arabian Oil Co. (Saudi Aramco) laid the foundation stone of Shaheen petrochemical project in Ulsan, South Korea,...

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Saudi Aramco launches AI Global Corridor project

The CEO of Saudi Aramco, Eng. Amin Al-Nasser, announced a strategic project called the Global Corridor of Artificial Intelligence to support a new generation of Saudi startups in this sector. This...

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The Saudi Energy Minister warns of the danger of a sharp decline in oil and gas investments

During his inauguration to the International Conference on Petroleum Technology for 2022, which focuses this year on promoting global recovery through sustainable energy, the Saudi Minister of...

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Saudi Energy Minister, warns against over-optimistic explanations for the rise in oil prices over $75 a barrel

His Highness Prince Abdulaziz bin Salman, Minister of Energy of Saudi Arabia, said that it is not clear the real reason for the rise in oil prices over $70 a barrel, and whether it is due to...

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Saudi Arabia: Aramco focuses on reducing carbon emissions from the oil and gas sector

The Acting Senior Vice President of Exploration and Production at Aramco, Engineer Nasser Al-Naimi, stressed the importance of reducing carbon dioxide emissions by oil and gas companies, and that...

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Russia supports the (OPEC+) decision to increase production in line with the increase in market demand

Russian Deputy Prime Minister Alexander Novak announced that Moscow does not consider the rate of increase in (OPEC +) production by 400,000 barrels per day a negative step for the market, as it is a...

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Saudi Aramco focuses on reducing carbon emissions from the oil and gas sector

During an interview broadcasted virtually as part of his participation in the International Petroleum Technologies Conference (IPTC) in the Malaysian capital, Kuala Lumpur, the Senior Vice President...

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Saudi Arabia: The CEO of Aramco expects an improvement in oil demand and prices in the near term

During his participation in a virtual discussion session at the Sierra Energy Week 2021 conference, Saudi Aramco President and Chief Executive Officer, Eng. Amin Hassan Al-Nasser, expressed his...

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