Audi

Electric Car

All Audi Production Sites Will Manufacture All-electric Vehicles By 2029

As of 2026, Audi will only launch all-electric models onto the global market, gradually phasing out production of its combustion models by 2033. Based on this c…

Carbon Neutral

Joint Venture Set Up For Italy’s First Carbon Capture And Storage Project

Italy’s oil and gas giant Eni and energy infrastructure operator Snam have formed a joint venture to develop the first carbon capture and storage (CCS) project…

Hydrogen Production

Saudi Arabia's Neom Signs Agreements With Banks To Finance Green Hydrogen Project

The kingdom is building the world’s largest green hydrogen-based ammonia production plant in the planned futuristic cityThe project, set to come on stream…

Saudi Arabia

‘Need For Cooperation’ To Achieve Net Zero By 2050

Sheikh Ahmed bin Saeed Al MaktoumThere needs to be cooperation among the related organisations in the UAE to achieve the objectives of the UAE Net Zero by 2050 …

Oil & Gas Trade

Aramco, Sinopec and Sabic Plan Mega Projects In KSA, China

Mohammed Y Al QahtaniSaudi Aramco, China Petroleum and Chemical Corporation (Sinopec) and Sabic will explore setting up a petrochemical complex to be integrated…

Cooperation case

China And Saudi Arabia Signed The Implementation Plan For Docking For The Joint Construction Of The "Belt and Road" Initiative And The "2030 Vision"

China And Saudi Arabia Signed The Implementation Plan For Docking For The Joint Construction Of The "Belt and Road" Initiative And The "2030 Vision"Source: Nati…

Oil Price

Saudi Arabia Cuts Oil Prices to Asia to 10-Month Low

Saudi OSPs to Asia hit 10-month low amid slowing physical demand.

Natural Gas

Saudi Arabia Makes More Unconventional Gas Discoveries

Saudi Arabia’s oil giant Aramco has discovered two unconventional natural gas fields in the eastern part of the country.

Saudi Arabia

Saudi, Iraqi Energy Ministers Meet, Review Oil Markets

The energy ministers of Saudi Arabia and Iraq met on Thursday and stressed the importance of adhering to OPEC+ output cuts that last until the end of 2023.

Saudi Aramco Signs Agreements Worth $11BN With Manufacturers

The move could create 5,000 jobs in Saudi Arabia over the next decade

Oil Price

Oil Prices Reverse Course After Saudi Arabia Denies Output Hike Rumors

Saudi Arabian officials are denying the news that OPEC is considering a 500,000 bpd output hike.

South Korea

Saudi Aramco to Pump $7 Bln Into Biggest Petchem Investment in South Korea

Saudi Aramco plans a $7-billion investment at a South Korean affiliate's factory in the port city of Ulsan to turn out more high-value petrochemical products, t…

Crude Oil

Saudi Arabia to Deliver Full Oil Volumes to Asia Despite Production Cut

Saudi Arabia’s state oil company has assured several buyers in Asia it will deliver full contracted volumes in December despite the OPEC+ decision to cut produ…

Crude Oil

Saudi Energy Minister Stresses the Importance of Oil Security

The world cannot go without Saudi oil exports for more than two or three weeks, Saudi Arabia’s Energy Minister, Prince Abdulaziz Bin Salman.

South Korea

South Korea, Saudi Arabia Eye Continued Cooperation for Energy Supply Chain

The two markets aim to collaborate on oil and hydrogen.