The Kingdom has awarded up to 400,000 tonnes of cracked fuel oil to SITME.
South American nation Venezuela tops the list, followed closely by Saudi Arabia.
Energy consumption in the Middle East has outpaced gross domestic product growth, according to the World Energy Council.
The OPEC member produces three million barrels of oil per day but its gas production is relatively low.
The 700-centistoke (cst) cargo is scheduled to load between May 5 and 9, traders said.
Inspired by a shale gas surge in the U.S. the kingdom has begun investigating its large unconventional deposits and their potential for fuelling long-term growth.
Oil prices have averaged about $110 per barrel this year.
State-owned refiner MRPL said it will halt oil imports from Iran in April if insurance cover is not available for its refineries.
Three large deliveries from Qatar of super-cooled gas over the last week increased stocks of liquefied natural gas to 6,219 GWh.
Saudi oil minister Ali Al-Naimi said that it “remains to be seen” how much demand will increase.
Qatar will face the emergence of Australia as a new power in global LNG, while the US will also challenge its dominance.
The company also said that it’s on track to complete its sukuk refinancing in the second quarter of the year.
Under the agreement the company will explore for oil and natural gas in Blocks 39 and 67.
Smugglers were aiming to ship over 3,260 metric tonnes of refined petroleum products out of the country.
Aramco Overseas signed a deal in March 2011 with oil firm PetroChina to build a 200,000 bpd refinery.
Current oil prices will not deter economic growth, says Saudi’s oil minister.
Meetings with fixed income investors are scheduled to conclude in London on Monday, having taken place in the United States last week.
A coalition of seven banks will back the dual-tranche, long-term loan, say sources.
This is the second time that the meeting has been rescheduled.
ADNOC has recommended that Shell win the multi-billion dollar project, sources have said.
DEWA’s $1 billion Islamic bond issued in February drew very strong demand.
The UK’s Financial Services Authority said Lamprell failed to inform the market of its deteriorating financial position on time.
First-quarter sales volumes will be down by around 40,000 bpd partly due to production issues in the MENA region.
Naimi’s comments follow recent warnings that weak economic growth could hobble global oil demand this year.
The 100-megawatt, grid connected power plant, Shams 1, will generate clean energy to power 20,000 homes in the UAE.
Kuwait Oil Company said no one was injured by the gas leak.
Saudi Electric last tapped the international bond market in March 2012 with a $1.75 billion two-part Sukuk.
Abu Dhabi-listed energy company Dana missed repayment of its $920 million sukuk that matured in October last year.
OPEC, the source of more than a third of the world’s oil, expects the U.S. economy to expand by 1.7 per cent in 2013.
The emirate has signed an agreement for a petroleum storage facility in Malaysia’s Johor state.