Tag Archives: Saudi Arabia

Russia’s crude oil production in April stood at 11.24 million barrels per day. still slightly off its promised level of 11.191 million bpd.

Aramco is expanding its refining and petrochemical business globally.

Aramco planned to invest up to $1.6 billion in Hyundai Oilbank. to expand its foothold in South Korea.

Aramco fully owns three refineries in Saudi Arabia and the Motiva Enterprises LLC plant in the U.S.

TAPI is an important linchpin in the realization of the New Silk Road in the arena of energy.

The bond sale represents an alternate way for Saudi Arabia to raise money and diversify from oil.

At the current price of USD 70 per barrel. the annual value of global oil output is USD 2.5 trillion.

The change could add nearly 7 percent to the price used to determine the royalty.

Ghawar in Saudi Arabia is the world'.s largest conventional oil field.

The company is preparing to raise debt in part to pay for the acquisition of a majority stake in domestic petro-chemical group Sabic.