Tag Archives: Gulf News

Saudi Aramco operates a pipeline with a capacity of 5 million barrels a day .

Aramco is a linchpin in the plan to overhaul the Saudi economy by developing new industries and bringing in foreign investors to fuel growth.

The battle for supremacy in large export markets has raged. particularly in Europe and East Asia.

Uncertainty is expected in oil markets in the next three months due to ample supplies as well as Iran’s ability to continue to export despite sanctions by the US administration.

The company is preparing to raise debt in part to pay for the acquisition of a majority stake in domestic petro-chemical group Sabic.

Egypt became a major consumer of the fuel in 2015.

India has already built 5.33 million tons of underground reserves in three locations.

The shale revolution has made the US the world’s top oil producer and is reshaping the global oil market.

Aramco is the world’s most important and most valuable oil company.

If New Delhi drops its oil imports from Tehran to zero. it will need to import more from other partners.