Saudi Arabia
The Saudi Minister of Energy warns against complacency in the production cuts, stressing that collective action is necessary to face the challenges

His Royal Highness Prince Abdulaziz bin Salman bin Abdulaziz, Minister of Energy, affirmed that the historical production adjustments made by OPEC producing countries and producing countries...

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Saudi Aramco to discover four new oil and gas fields

According to the Saudi Press Agency, citing Energy Minister Prince Abdulaziz bin Salman bin Abdulaziz, the Saudi Aramco has discovered four new oil and gas fields.  Non-conventional oil has been...

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OPEC urgently needs to continue working with its non-OPEC allies to overcome the contraction of oil demand

Amid oil price volatility, expanded producers agreements and questions about the long-term outlook for oil, OPEC was celebrating its 60th birthday last month. OPEC’s ability to emerge from adverse...

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Saudi Arabia Aramco operates a uniqe hydrogen fueling vehicle pilot plant in Dhahran

Aramco owns and operates the first hydrogen fueling vehicle station in Dhahran, Saudi Arabia. This experimental station supplies high-purity compressed hydrogen to an initial fleet of Toyota electric...

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Saudi Arabia: Aramco commits to pay $69 billion to buy a 70% stake in SABIC

Aramco will pump large sums ($ 69 billion) to the Public Investment Fund, which is the main financier of the Kingdom’s ambitious economic program, in exchange for its acquisition of a majority...

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Suadi Arabia: Temporary postponement of plans to increase oil production capacity

17 Sept., 2020 Saudi Aramco had received a directive from the Ministry of Energy to increase its Maximum Sustainable Capacity (MSC) from 12 million barrels per day to 13 million barrels per day....

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Aramco CEO: Saudi Arabia to raise oil production capacity to 13 million barrels per day

Mohamad Salem – 9 September 2020 Amin Al-Nasser, the CEO of Saudi Aramco said that the giant company is working to increase its oil production capacity by one million barrels per day to reach...

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Saudi Arabia: Aramco discovers two new oil and gas fields in northern parts of Saudi territories

4 Sept. 2020 The kingdom’s official news agency reported, citing Energy Minister Prince Abdulaziz bin Salman that Saudi Aramco discovered two oil and gas fields in northern parts of Saudi...

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OPEC Reiterates Importance of Attaining Full Conformity for Market Stability

The 21st Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Wednesday 19 August 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi...

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Saudi Aramco canceled an investment of $ 10 billion in a refinery in China

24 August, 2020: The Corona virus epidemic caused the collapse of oil prices, and a decline in energy demand, which resulted in a review of the feasibility of energy companies’ projects around...

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