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Oil & Gas Trade
Sudan Expects to Reach Oil Products Deal with Saudi Aramco
A delegation of Saudi officials and businesses is in Sudan for two days of talks on potential investments in sectors including agriculture, energy, mining and t…
Carbon Emissions
Saudi Arabia to Launch Emissions Exchange
Saudi Arabia has announced plans to launch a voluntary trading platform for carbon offsets and credits in the Middle East and North Africa region.
Wind Farm
Largest Wind Farm in the Middle East Produces Electricity
Dumat Al Jandal, the largest wind farm in the Middle East, has been successfully connected to the grid in Saudi Arabia and has started producing electricity to …
Video
China, Saudi Arabia Ink 6 bln USD Joint Venture Deal to Build Mega Petrochemical Complex
Riyadh-based global chemical company SABIC has inked a joint venture contract with China's Fujian Petrochemical Industrial Group Co., Ltd to build a world-class…
Solar Power Plant
Saudi Developer Cuts Ribbon on Dubai Solar Giant
300MW project forms part of the fifth phase of the Mohammed bin Rashid Al Maktoum Park
Crude Oil
Saudi Arabia’s Crude Oil Exports Dropped in H1 by 20%
Saudi Arabia could not ship more crude oil in the first half as it voluntarily restrained output under OPEC+ production-cut agreement; however, high oil prices …
Solar Power Plant
Aramco Company Joins $900MM+ Solar Project
ACWA Power has revealed that Saudi Aramco Power Company, a fully owned company of Saudi Aramco, has joined the Sudair Solar plant consortium.
Solar Power Plant
Saudi Aramco Joins Local 1.5 GW Solar Project with a 30% Stake in Renewables Push
Saudi Aramco is investing, alongside the country's sovereign wealth fund and Riyadh-based ACWA Power, in the oil exporter's largest solar project with a capacit…
Wind Farm
Energy Ministry, Kenya Power Fingered in Ksh.18.5B Wind Farm Bill
Auditor General Nancy Gathungu says the Ministry of Energy and Kenya Power should be held responsible for the Ksh.18.5 billion bill arising from the Lake Turkan…
Oil Price
Aramco Posts Nearly 300% Leap in Second-Quarter Profit as Oil Demand Recovers
Saudi state oil giant Aramco reported a stunning 288% increase in net income to $25.5 billion for the second quarter, while maintaining its dividend of $18.8 bi…
Wind Farm
Saudi Arabia’s First Wind Farm Begins Electricity Production
Dumat al-Jandal, the region’s largest wind farm, has been connected to the grid and began producing carbon-free electricity.
OPEC
Opec+ Adds Around 700,000 b/d in July
The Opec+ group added 680,000 b/d to its crude output last month, boosted by higher quotas and the end of Saudi Arabia's extra cut.
Oil Price
Saudi Aramco Hikes Oil Prices to Asia for Second Consecutive Month
The pricing of Saudi crude oil generally sets the trend for the pricing for Asia of other Gulf oil producers such as the United Arab Emirates, Kuwait, Iraq, and…
Oil Price
Saudi Arabia's Oil Exports Climb 147 per cent to $16 billion in May
The value of Saudi Arabia's oil exports in May increased 147 per cent to just over 60 billion riyals from a year earlier while non-oil exports rose by 70 per ce…
Oil & Gas Trade
Value Of Saudi Oil Exports Jumps 147% In May
Higher oil prices and higher exports resulted in a 147-percent jump in the value of Saudi Arabia’s oil exports in May 2021 compared to May 2020。
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