Aramco signed an agreement in April to participate in a $44bn refinery project on India’s west coast
The firm is the main electricity producer in Saudi with an 81.2 per cent indirect government ownership
The rating is the first assigned to ADNOC and is in line with the rating of the Abu Dhabi government
The $44bn refinery is slated to become the largest in the country
The shutdown at Safaniyah occurred about two weeks ago
The 50:50 JV will invest the amount over the next six years in the Saudi retail fuel market
The gas producer reported one-off non-cash impairments of $187m for its Zora field in the UAE
Brent crude futures have risen 20 per cent in 2019 to around $63 a barrel
OPEC said its oil output fell almost 800,000 barrels per day in January to 30.81 million bpd
Seismic data has indicated reserves as large as 20 trillion cubic feet
The company has acquired a share in the jet fuel hydrant system at Terminal 2 of Cairo International Airport
Under the deal reached in December, Saudi Arabia’s target production is 10.311 million bpd
The two signed a deal to supply fuel oil storage capacity of 165,000 cubic metres in the Red Sea port of Ain Sokhna
The project, to build artificial islands, is expected to take 38 months to complete
Occidental will have a 35-year concession and invest $244m during the exploration phase of the block
The three new stations were opened in December as part of ADNOC Distribution’s expansion drive, along with the company’s first two stations in Saudi Arabia
Petrol prices will be cut by roughly 2.5 per cent compared to January
Saudi Arabia is the top crude oil supplier to South Korea, the world’s fifth-biggest importer
The “one of a kind” deal expands ADNOC’s access to European markets
Russia’s lead over Saudi in supplying China almost doubled to 295,000 bpd in 2018 from 150,000 bpd a year earlier
Aramco already owns Motiva, the biggest U.S. oil refinery
The kingdom already supplies 40 per cent of the crude oil consumed in South Africa
The kingdom is also investing heavily in its renewable energy sector
Masdar said it was buying stakes in the Rocksprings wind farm in Texas and the Sterling wind farm in New Mexico
Among the emirate’s big investments are the Dhs2.2bn Shams 1 project, and Dhs3.2bn Noor Abu Dhabi
The company said it had coped with declining oil prices by reducing expenditures in 2018 by $750m
Last year SoftBank announced plans to create the world’s biggest solar power project in Saudi Arabia
The kingdom hopes to generate 40 GW from solar energy, and 20 GW from wind and other sources
ADNOC plans to boost its oil production capacity to 5 million barrels per day by 2030
Leading oil producers agreed in December to cut their combined oil output, despite US President Donald Trump’s call for them not to