Japan-based JXTG Nippon Oil & Energy Corporation will conduct the feasibility study of a new ethylidene norbornene (ENB) plant, to be built in Jubail, as part of the Amiral petrochemical complex, announced by Saudi Aramco and Total on Oct. 8, 2018. The new ENB plant project would make the Kingdom …
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Russia’s oil output deal with leading global producers will have an impact on global markets once it begins to be implemented, Dmitry Peskov, the Kremlin’s spokesman, told reporters on a conference call. Russia and other oil producers, known collectively as OPEC+, agreed over the weekend to cut their combined oil …
Read More »Saudi Aramco’s reliable production and supply of energy is the cornerstone of the company, Amin Nasser, president and chief executive officer, said in a statement. “At all our sites, we have in place on-going, active prevention programs as well as detailed contingency plans and leading medical support services to minimize …
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The UAE Minister of Energy and Industry, Suhail bin Mohammed Al Mazrouei, expressed his disappointment after the collapse of the OPEC+ oil cuts agreement, which expires at the end of March. In a series of tweets, Al Mazrouei said that the UAE has ample production capacity that will be quickly …
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The Kingdom consumes 688.000 barrels of liquid fuel to generate electricity.
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The surge in US crude oil production coupled with lower oil demand globally gave way to oversupply in an already bearish market.
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The Saudi oil producer’s future strategy aims to respond to emergencies through flexibility and trained human resources.
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The conference will be held on Jan. 13–15 under the auspices of Crown Prince Mohammed bin Salman.
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The IEA had cut its demand growth figures for the year but kept it unchanged for next year.
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It is the first sustainability report issued by a Chinese company in the Kingdom.
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