Tag Archives: Saudi Arabia

Oil from Eastern Russian field is very competitive.

Iran accused Saudi Arabia and Russia on Wednesday of breaking OPEC’s agreement on output cuts by producing more crude.

U.S. sanctions on Iran’s petroleum sector are set to take effect next month.

Oil producers have added a total of about 1 million bpd output in ``recent weeks and months``.

Pakistan is importing about 110.000 barrels per day crude oil from Saudi Arabia

This project expected to have the capacity to produce up to 200 gigawatts by 2030.

The Saudi delegation also met PM’s Adviser on trade Abdul Razak Dawood and discussed ways to increase bilateral trade.

The capacity of the giant Khurais oil field will be expanded by between 250.000 bpd and 300.000 bpd.

Saudi Arabia is the world’s top oil exporter and OPEC’s de-facto leader.

Despite efforts to expand the economy. growth will remain under 2.5 percent during the next three years.