Tag Archives: Saudi Gazette

Minister of Energy Prince Abdulaziz bin Salman and Japan’s Minister of Economy, Trade and Industry Yasutoshi Nishimura underscored the significance of supporting the stability of global oil market by promoting dialogue and cooperation between producing and consuming countries. During a meeting via video conference on Wednesday, the ministers affirmed that …

Saudi Minister of State for Foreign Affairs Adel Al-Jubeir has said Saudi Arabia will boost oil production only in case of a supply shortage in the market. Speaking to the media early Saturday, Al-Jubeir said the decisions on production will be made in coordination with members of OPEC and OPEC+ …

CEO and President of Saudi Aramco Amin Nasser said that the company cannot expand production capacity any faster than promised. “The world is facing a major oil supply crunch as most companies are afraid to invest in the sector as they face green energy pressures,” Nasser said. Aramco is sticking …

The new project will send gas via a 200-km pipeline to Russia and produce 6.2 million tons of LNG a year.

Once operational. the plant will lift Abu Dhabi’s solar power capacity to around 3.2 GW.

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

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

It is on the non-oil sector that the kingdom’s economic fortunes will ultimately rest.

The focus of the new venture will be on opportunities with significant potential for local value creation.

Aramco’s Research and Development Center won the Breakthrough Research of The Year for their Project.