Tag: Saudi Arabia

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Saudi Arabia’s Aramco Buys Stake in a Polish Refinery

Saudi Arabia has purchased a share in a Polish refinery to boost its downstream presence and crude consumers in Eastern Europe. Aramco has agreed to buy a 30% investment in...
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Saudi Supplies Full Volumes to Asia for the Fourth Month in a Row

According to Reuters, Saudi Arabia will supply full agreed oil volumes to most of its Asian consumers, citing anonymous people familiar with the Kingdom's plans. This will be the fourth...
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Saudi’s Aramco Agrees $15.5 Billion Gas Pipeline Deal with BlackRock and Hassana Investment Company

Aramco has agreed to a $15.5 billion lease and leaseback transaction with a consortium led by BlackRock Real Assets and Hassana Investment Company, the investment management arm of Saudi Arabia's...
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Global Oil Market Overreacted to News of Omicron Last Week – Aramco’s CEO

According to Saudi-owned Al Arabiya TV, Amin Nasser, the CEO of the world's largest oil company and largest oil exporter, the global market overreacted to the new Omicron COVID variation...
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Saudi Arabia Remains China’s Top Supplier for the Eleventh Month in a Row

Per a Reuters report, Saudi Arabia has remained China’s number-one crude oil supplier, customs data for October has shown. Saudi oil exports to China increased by 19.5% from the previous...
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OPEC+ Has Delivered More than Any Other Group on the Planet – Prince Salman

Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman remarked last week during the ADIPEC 2021 opening ceremony that the OPEC+ group has achieved more impressively than any other group on...
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COP26: Saudi’s Energy Minister Refutes Claims the Kingdom is Blocking Climate Change Progress

Greenpeace's accusations were rejected by Saudi Arabia's Energy Minister, Prince Abdulaziz bin Salman, who accused the campaigning organisation of spreading "lies" and "fabrications" about the Kingdom's climate change policies. The...
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OPEC+ Should Not Rush to Increase Production Despite Rising Prices – Saudi and Nigeria Oil Ministers

Saudi Arabia's oil minister, Abdulaziz bin Salman, stated in an interview with Bloomberg that OPEC+ needed to be careful in its approach to oil production changes despite rising prices. Higher...
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Aramco Aims to Achieve Net Zero by 2050 – CEO; Saudi to Achieve Net Zero by 2060 – Crown Prince

Amin Nasser, President and CEO of Saudi Arabia's Aramco, said at the Saudi Green Initiative (SGI) Forum on Saturday that the company's goal is to reach net zero emissions by...
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Saudi Arabia Reduces Oil Prices for Buyers After OPEC+ Meeting and Latest Rally

According to Bloomberg, Saudi Arabia's Aramco has reduced its official crude oil selling price for Asian clients in response to the recent price increase, which was fuelled by OPEC+'s decision...
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