Tag Archives: Saudi Arabia

The government has announced big ambitions to transform the economy by diversifying away from oil.

MENA countries need to create 25 million new jobs over the next five years.

Middle Eastern oil exporters had to constrain government spending in recent years after crude prices slid in 2014.

Saudi prices set the trend for Iranian. Kuwaiti and Iraqi prices. affecting more than 12 million bpd of oil bound for Asia.

The companies announced the project in July 2016. and aim to make a final investment decision after all necessary permits are secured.

The Aramco board meets next in early May in Houston. where they will review the latest IPO developments.

Elsenhans was named by Forbes as one of the world’s most powerful women in 2008.

Many Italian and international providers of gas and petroleum products have begun to switch to photoelectric energy to power their supply stations.

Saudi Aramco is the world’s top oil company.

Other large energy majors are looking to divest distribution assets and focus more on core exploration activities.