Tag Archives: Saudi Arabia

Saudi Aramco’s status as an oil-producing behemoth always marked it as likely to suffer bouts of volatility.

The new project will send gas via a 200-km pipeline to Russia and produce 6.2 million tons of LNG a year.

The deal could take as much as a year to bring the field back to full capacity.

Kuwait and Saudi Arabia could reach an agreement by the end of this year to renew oil output.

Iraq has been one of the weakest links since the OPEC+ alliance began in late 2016.

Saudi Aramco shares extended their losses for a fourth session. reversing about half the gains accumulated from the rally following the company’s historic trading debut.

The zone was formally partitioned between Saudi Arabia and Kuwait in 1970.

Aramco spends a big proportion of its research and development budget on measures to counter the environmentally damaging effects of the oil and gas business.

Saudi Aramco shares advance for a third session -- though the market valuation remained below $2 trillion -- with investors focusing on the energy company’s inclusion in major international equity indexes this week.

The Saudi government intends to attract between $30-50 billion in new investments into renewables by 2030.