A minor fire at Saudi Aramco’s Riyadh refinery was caused by “an operational incident”, the company said on Thursday. According to a statement posted on Saudi Aramco’s official Twitter account, the fire was brought under [...]
Saudi Aramco is in “very early-stage discussions” with Saudi Arabia’s Public Investment Fund (PIF) to acquire a stake in Saudi petrochemical maker SABIC, the company said on Thursday. The statement follows media reports that Saudi [...]
Saudi shipments to China have risen to 970,000 tons so far this year, compared with 1.08 million tons for the whole of 2017 Sales of liquefied petroleum gas by the state-run producer to China - [...]
Saudi Aramco has signaled another potential delay for the world’s largest initial public offering after it started talks this week to buy a stake in a local petro-chemical company. The state-owned oil company said it [...]
Saudi Arabia has rejected concerns that it’s planning to oversupply global oil markets and said it will actually trim crude exports next month. Under pressure from US President Donald Trump to cool rallying prices, the [...]
The Regulatory & Supervisory Bureau (RSB) for electricity and water in Dubai has revealed that the emirates’s cumulative investments in the energy efficiency market increased to AED500 million ($136 million) in 2017. According to RSB’s [...]
Abu Dhabi National Oil Company (ADNOC) has awarded contracts worth AED5.88 billion ($1.6 billion) for the world’s largest continuous 3D onshore and offshore seismic survey, covering an area up to 53,000 sq km. Adding to [...]
Oil retreated below $71 a barrel after Saudi Arabia was said to offer extra crude supplies to some customers as OPEC’s biggest producer plans to boost output, while the US is considering tapping into its [...]
Mubadala Investment Co is holding talks with potential bidders for its Spanish oil company Cepsa Trading as it weighs alternatives to an initial public offering planned for later this year, according to people familiar with [...]
Saudi Arabia intends to invest as much as $10 billion in South Africa’s economy, with a focus on energy. The commitment was made during a state visit by South African President Cyril Ramaphosa to the [...]
