Tag Archives: Persian Gulf Countries

The Saudi policy appears to be helping cool prices in the way sought by President Trump.

Saudi Arabia pumped 10.488 million bpd of crude oil in June. an increase of 458.000 bpd from the production figure it submitted for May.

NEOM was announced by Saudi Crown Prince Mohammad bin Salman at the Future Investment Initiative conference in Riyadh on October 24. 2017.

Saudi Arabia’s stated spare capacity is actually lower than its actual spare capacity.

Kuwait has long planned to increase its global capacity to produce oil and gas.

OPEC’s crude oil production rose by 70.000 bpd from June to stand at 32.64 million bpd in July.

US oil rig counts were up by two to 1.048 for the week ended July 27. according to Baker Hughes

The deal includes building a 3.000-megawatt plant in Saudi Arabia.

Under the $590 million deal. Tekfen will build satellite gas compression plants pipelines for the Haradh Gas Increment Program.

Aramco has appointed JPMorgan Chase &. Co and Morgan Stanley to advise on the SABIC deal.