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Energy
Energy
Saudi Aramco to acquire 10 percent stake in China’s Hengli Petrochemical
Deal aligns with Aramco’s strategy to expand its presence in key high-value markets like China
Energy
Saudi Arabia’s crude oil production reaches seven-month high in February
This represented a rise of 55,000 bpd or 0.61 percent compared to the previous month
Energy
Saudi Arabia’s drilling firm ADES secures $93.3 million contract to operate jack-up rig in Qatar
The contract includes a mandatory and optional extension period of up to 18 months
Energy
Saudi Aramco expands Fadhili Gas Plant with $7.7 billion in EPC contracts
This expansion initiative aims to enhance the plant's processing capacity from 2.5 to a potential 4 bscfd
Energy
OPEC oil output dips in March amid voluntary cuts and export challenges
Iraq and Nigeria lead reductions, maintaining OPEC's commitment to supply restraint
Energy
OPEC Secretary General predicts persistent global demand for oil in the coming years, decades
OPEC believes that the oil industry will need approximately $11.1 trillion by 2045
Energy
Saudi Arabia’s ACWA Power inks $800 million deal with Senegal for desalination project
The plant, known as the Grande Côte seawater desalination plant, will have a capacity of 400,000 cubic meters per day
Energy
Abu Dhabi’s TAQA, Japan’s JERA to develop greenfield plant in Saudi Arabia
Project leverages advanced technologies and emphasizes sustainability
Energy
Saudi Arabia’s ADES Holding inks two agreements for oil exploration and production in Egypt’s Gulf of Suez
For FY 2023/2024, Egypt has raised its projected total investments in oil and natural gas to $5.79 billion
Energy
OPEC Secretary General: Oil industry calls for $11.1 trillion in investments by 2045
Al Ghais highlighted OPEC’s role in addressing global issues like climate change, energy transition
Energy
With over $15.4 billion in investments, Aramco seeks stronger collaboration with China
Amin Nasser highlights mutual opportunities for economic growth and investments
Energy
Oil to retain significant role in energy markets for decades, affirms OPEC Secretary General
Al-Ghais highlighted that calls to abandon oil were "wrong" and "unrealistic"
Energy
Oil demand will reach a record 104 million barrels per day in 2024: Aramco CEO
Nasser emphasizes the effectiveness of carbon capture in mitigating greenhouse gasses
Energy
Egypt’s Modern Gas to develop $533K subsidiary in Saudi Arabia
Modern Gas generated revenues of $55.2 million in 2023
Energy
Saudi Arabia’s crude exports dip 0.2 percent in January
OPEC+ extends output cuts amid market dynamics and global demand predictions
Energy
Saudi Aramco posts second highest ever net income of $121.3 billion in 2023
Total dividends paid rises 30 percent year-on-year
Energy
Saudi Aramco signs multiple supply deals worth $6 billion
The agreements are aimed at fostering localization and supply chain development
Energy
Saudi Aramco discovers 15 trillion cubic feet of gas in Jafurah field
Jafurah field's resources reach 229 trillion cubic feet of gas and 75 billion barrels of condensate
Energy
Saudi’s TAQA aims to quadruple investments in 3 years, focus on Egypt
Egypt is creating favorable opportunities for companies interested in investing in the country
Energy
Oil prices rise amidst geopolitical tensions, uncertain Fed policy
Concerns over shipping attacks and Fed interest rate cuts impact crude futures
Energy
Saudi Arabia’s Aramco to stick with 12 million barrels per day production capacity
Upon receiving a directive from the ministry of energy
Energy
Chinese startup introduces innovative nuclear battery
Atomic energy breakthrough could revolutionize tech industries
Energy
Crude exports surge in Saudi Arabia, reaching five-month high
Saudi refinery output declined by 0.47 percent, reached 2.11 million bpd
Energy
Top oil-producing countries in the world
U.S., Russia and Saudi Arabia occupy the top spots
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