Khalid Al-Falih said investment was needed as the transition away from hydrocarbons would take “a long time”
Kuwait’s oil minister said Saudi Arabia had cut more than required to increase confidence in the output deal
Dragon Oil’s new board of directors was appointed in January this year
The company is evaluating different stock exchanges
The Saudi government plans to sell up to 5 per cent of Aramco next year
A consortium of Japan’s Marubeni and China’s JinkoSolar Holding won the bid to build and operate the 1,177MW plant
The global forecast for oil demand stands at 1.5 million barrels per day in 2017
The 126,000 barrels per day (bpd) crude oil refinery will be closed from March 1 for 80 days
Crude oil prices are currently trading at around $56 a barrel
The government wants domestic fuel prices to be on a par with international levels by 2020
Petrol prices are up by an average of 1.5 per cent compared to February
The plant will be part of Malaysia’s Refinery and Petrochemical Integrated Development (RAPID) project in Pengerang
The new substations will be built over the next three years
The Saudi government plans to list up to 5 per cent of Aramco next year
Adherence to the oil output cut is running at more than 90 per cent among OPEC participants
Demand is set to outpace supply on average, finds BoFA report
Aramco previously scrapped a $20.1bn project with Petronas
The agreement will expire on December 31, 2026
Kuwait’s current oil production capacity is around 3.15 million bpd
ENOC has opened its new Warsan service station, located on the Dubai Hatta Road
Saudi officials expect the IPO to value Aramco at a minimum of $2 trillion
The requests for qualifications (RFQ) process is open to local, regional and international developers and consortiums
The stake is the last to be awarded in the concession
The kingdom’s oil exports dropped to 8.014 million barrels per day
The onshore concession is operated by the Abu Dhabi Company for Onshore Petroleum Operations
The oil leak also injured three other people, including an Aramco employee
A consortium including Dana has been seeking to confirm its contract rights and obtain payment for gas production
UN advisor professor Jeffrey Sachs argued expensive and environmentally damaging production like shale should be stopped
Saudi Aramco will supply Arab Extra Light crude to Huajin
OPEC has delivered more than 90 per cent of pledged oil output curbs in January