Tag Archives: Saudi Arabia

Saudi Aramco has announced that it will be pumping $110 billion over the next couple of years to develop the Jafurah gas field.

Saudi Arabia has so far been thwarted by Russia in its push to shore up oil markets against the coronavirus. But when they meet next week. the humbled kingdom may yet clinch victory.

Saudi Aramco’s planned purchase of the region’s biggest petrochemical company comes as it targets downstream investments in a move away from relying on crude oil sales.

Saudi Arabia supports the further oil production cut. but Russia is yet to announce its final position on the matter.

The Kingdom consumes 688.000 barrels of liquid fuel to generate electricity.

Saudi Aramco has already completed a number of gas processing projects.

Saudi Arabia'.s oil giant Aramco is the latest entity to be hit by the effects of the fatal illness.

Recent remarks by the Iranian and Saudi officials on the dialogue between the two countries highlights significant points regarding the prospects for bilateral relations between Tehran and Riyadh.

OPEC+ oil ministers will meet in Vienna on March 6.

The slowdown in China’s industrial activity is causing the worst shock to oil demand in over a decade.