Tag Archives: Saudi Arabia

Saudi Arabia told OPEC it cut output to 10.01 million bpd last month. from 10.07 million bpd in June. meaning its production fell back below its OPEC target of 10.058 million bpd.

Aramco. which is leading construction of the shipyard. did not reveal the value of the contract.

The complex is in line with the kingdom’s economic diversification objectives.

Asia is a key market for every exporter of crude oil.

American officials have provided little assurance that Aramco wouldn’t be a target of litigation. according to the people with knowledge of the situation.

Despite production cuts. kingdom holds onto 40% slice by discounting light grade.

The move is a sign that the market in the region is tightening.

KSL’s Shaheen II supercomputer is a Cray system composed of 6.174 nodes representing 197.568 processor cores tightly integrated with a richly layered memory hierarchy and interconnection network.

The new center is set to cover 5.000 square meters and will include a multi-purpose hall to hold conferences. seminars and workshops.

Kingdom to limit crude oil exports at 6.6 million barrels per day in August. almost 1 million bpd below levels a year ago.