Tag Archives: Saudi Arabia

Saudi Aramco is expected to issue its initial public offering (IPO) within two years.

Both countries agreed to continue coordinating steps on the global oil market in the OPEC+ format.

Top oil exporter Saudi Arabia is expected to raise April prices for most of the crude grades it sells to Asia.

Passenger vehicles represent 20 percent of the world’s oil demand.

The company is looking at an around 30%-40% downstream integration in its refineries from 11% in recent years.

The West has sought for decades to secure oil resources for its own energy security.

Part of the project includes a third agreement with Zhejiang Energy to invest in a retail fuel network.

Cooperation by Russia and Saudi Arabia on international energy markets will be continued.

The investments could help Saudi Arabia regain its place as the top oil exporter to China.

Both the sides agreed to establish a JWG aiming to exchange information.