The capacity of the giant Khurais oil field will be expanded by between 250.000 bpd and 300.000 bpd.
Read More »Saudi Arabia Plans 10% Increase in Spending to Spur Economic Growth
Despite efforts to expand the economy. growth will remain under 2.5 percent during the next three years.
Read More »Saudi ATC Expects Increase in Oil Trade Volume in 2020
ATC was set up in 2012 to market refined products. base oils and bulk petrochemicals.
Read More »Exxon Mobil. Chevron Join Global Coalition to Address Climate Change
Exxon. Chevron and Occidental are now the first U.S. energy companies to join the Oil and Gas Climate Initiative.
Read More »RAPID Project Seeks Commitments for US$9.7bil Loan
Refinery operations are set to begin in 2019. with petrochemical operations to follow six to 12 months later.
Read More »Aramco Raises Production. Cuts Pricing on most Crudes to Asia
Aramco raised pricing on all grades to Northwest Europe and the Mediterranean region for October.
Read More »Saudi Wealth Fund Plans to Diversify Oil-Based Economy
When the Aramco IPO was proposed in 2016. Saudi officials had expected it would raise up to $100 billion to fund his reform agenda.
Read More »Aramco`s First Delivery of Oil to RAPID Project
RAPID will contain a 300.000-bpd refinery and a petrochemical complex with a capacity of 7.7 million tonnes a year.
Read More »Yemen Targets Aramco Installations with Ballistic Missiles
Some 15.000 Yemenis have been killed and thousands more injured since the onset of the Saudi-led aggression.
Read More »Saudi Arabia Wants Oil to Stay between $70-$80 A Barrel
Saudi Arabia still wants to keep oil prices as high as possible without offending Washington.
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