The kingdom raised its oil output to 10.7 million barrels per day in October
Trump has pressured the kingdom to increase oil production
The Wall Street Journal reported the kingdom had shelved the project months after launching it
The kingdom announced a partnership with SoftBank for the project in March
The call comes days after the US President criticised OPEC for high oil prices
Oil prices rose to their highest since 2014 above $80 per barrel this week
US Energy secretary Rick Perry has held talks with several Saudi leaders this year
The expansion is expected to add 245 million cubic feet per day of gas for processing
Brent crude prices touched a session peak of $82.20, the highest since November 2014
The US has already implemented financial sanctions against Iran and it plans to target the country’s oil exports from November 4
There have been reports that the stake acquisition has run into difficulties after disagreements over price
The stations are located in Hatta, Oud Al Muteena, City of Arabia and on the Dubai – Al Ain Road
Pending US sanctions on Iran have cut off ENOC’s access to feedstocks for producing aviation fuel
The US President urged OPEC to lower oil prices
The listing is expected to value the company at around $11.6bn
ENOC had its Sharjah stations closed by the government in 2011
Aramco is exploring the potential acquisition of a majority stake in SABIC from the kingdom’s sovereign fund
“Things are tightening up,” the International Energy Agency said in its monthly report
US crude inventories fell by 5.3 million barrels in the last week
The deal comes under a programme to increase oil production at the Al-Barri oilfield
The ministers discussed the potential for US-Saudi civil nuclear cooperation
Petronas and Aramco have equal stakes in the $27bn complex
The plant is intended to divert 300,000 tonnes of solid waste from landfills each year.
Last month, Middle Eastern light crude grades sold at discounts of as wide as 70 cent to 75 cents a barrel
OPEC and Saudi Arabia do not have an official price target and are unlikely to adopt one formally
The IPO plan comes as the company plans to boost storage capacity in Fujairah
Baker Hughes will provide drilling services, coiled tubing services and drilling fluids engineering services
The drop in July output was due to lower exports after Riyadh halted oil shipments through Bab al Mandeb
The planned listing was to be the cornerstone of the kingdom’s Vision 2030 agenda
The agreement’s duration has reportedly been reduced from perpetuity to 40 years