Tag Archives: Saudi Arabia

In July. Petronas scrapped a proposed C$36 billion ($29 billion) liquefied natural gas project in western Canada due to weak prices. in a blow to its global ambition.

The vessel’s arrival at the Huizhou terminal was celebrated by an Aramco Asia delegation together with representatives from CNOOC upper management.

Saudi Oil Minister Khalid al-Falih and his Russian counterpart Alexander Novak met to discuss the potential extension last month in St. Petersburg.

During his meeting with Russian counterpart Alexander Novak. the Venezuelan oil minister will discuss the implementation of the OPEC+ global oil output cut deal.

The world’s largest oil exporter shipped almost 4 million tonnes of crude to China in July.

A follow-up meeting will be held to explore cooperation in several different sectors. They include. industry. logistics. housing and financial services.

Saudi Arabia has moved back up a notch in the race to supply oil to China and compete for market share in Asia’s biggest crude consumer.

The project is strategic for Saudi Arabia. which plans to expand further into the petrochemical chain to export more end products and grow beyond oil.

Saudi Arabia aims to break the slow pace in the progress of Saudi projects in China and push for more investments between the two nations.

Saudi Arabia'.s plan to sell 5 per cent of Saudi Aramco through an initial public offering that may reap the country $100 billion.