Saudi Arabia
OPEC Secretary: Saudis have proven to be a reliable source of oil supplies.

OPEC General Secretary Mohammed Barkindo said the Saudis have shown the world that they are a reliable source of oil supplies.   He also said that the rapid moves taken by Saudi Arabia to resume...

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President & CEO Amin Nasser: Attacks will not delay the IPO of the company on schedule

During his visit to places of terrorist attacks on Aramco facilities, Saudi Aramco president & CEO, said: “We are gratified that there were no injuries. I would like to thank all teams that...

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Incidental imbalances in Saudi supplies test US ability to close gap

Following the September 14 attacks on oil infrastructure in Saudi Arabia, Will Scargill, Managing Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers his view on the...

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Following the attacks on Saudi oil installations, the IEA reassures oil markets about supplies

  The Director General of the International Energy Agency (IEA), Fatih Birol, welcomed the statement of Saudi Energy Minister Prince Abdulaziz bin Salman on the return of Saudi oil supplies to...

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Saudi Arabia appoints Yasser Al-Rumayyan as president of Aramco

Saudi Arabia has named Yasir al-Rumayyan, head of the kingdom’s sovereign wealth fund, known as the PIF, as chairman of Aramco, replacing Energy Minister Khalid al-Falih, as the state oil giant...

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Saudi Aramco reports net income of $ 46.9 billion in the first half of 2019

Saudi Petroleum Company “Aramco” reported a net income of 46.9 billion dollars in the first half of 2019. The company highlighted in a statement on the Saudi Press Agency that in the same period...

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OPEC and its allies sign the permanent “Charter”

A few days ago, representatives of OPEC countries signed a new cooperation charter with other major producers, including Russia, which aims to establish a “permanent cooperation” that is...

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Saudi Aramco signs contracts worth $ 18 billion to boost the production of Morgan and Barri fields

Saudi Aramco has signed 34 contracts with Saudi and international companies for the implementation of projects for design, supply and construction, with the aim of raising the production of crude oil...

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Egyptian oil companies won new contracts outside Egypt

  Minister of Petroleum and Mineral Resources Tariq al-Mulla confirmed that Egyptian oil companies won new contracts outside Egypt. He added that investments from the Egyptian companies in foreign...

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Saudi Arabia and Russia agree to extend OPEC’s agreement to cut oil production

Russian President Vladimir Putin said on Saturday that Russia had agreed with Saudi Arabia to extend the OPEC deal to cut oil production for between six and nine months as oil prices are being...

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