Tag Archives: Mohammad Bin Salman Al Saud

The investments could help Saudi Arabia regain its place as the top oil exporter to China.

Both the sides agreed to establish a JWG aiming to exchange information.

In late 2017. the kingdom announced plans to build the US$500 billion NEOM mega city in the northern Red Sea.

The Saudi renewable energy program is directly supporting the Vision 2030 strategy.

The 50 km2 energy city will be constructed at between Dammam and Al-Hasa in the heart of the Saudi energy business.

Trump’s support is the key to the political fortunes of MBS.

Russia has for years been cooperating with OPEC. helping to engineer a rebound after a 2014 oil price slump.

Riyadh has suggested OPEC and its allies reduce output by 1 million barrels per day from January 2019 to stem the price falls.

The biggest boost to Saudi exports to China comes from contracts inked with new refineries starting up this year and next.

The output from the troika is the fastest-growing element in global oil supplies.