He noted that sanctions would not be able to bring the nation’s oil exports down to zero
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Iraq gas projects to overtake oil in 2019: Rystad Energy
Rystad Energy forecasts that gas developments in Iraq will overtake oil projects in 2019, measured in resources sanctioned for development
US ends waivers on Iran oil sanctions, KSA says it will keep oil market stable
Khalid Al-Falih issued a statement asserting the nation’s role as a stabilising force in the global energy market
Saudi Aramco to purchase $1.25bn stake in South Korea’s Hyundai Oilbank
Saudi Arabia’s national oil company will acquire a 17% stake in the Hyundai Heavy Industries Holding subsidiary, which it says will provide an outlet for Arabian crude oil to South Korea
Dragon Oil to finalise acquisition in Egypt in coming months
In an exclusive interview with Oil & Gas Middle East, Dragon Oil CEO Ali Al Jarwan revealed the company’s progress on its $13bn expansion plans
KSA energy minister rejects claims that nation would ditch dollar oil trading in response to NOPEC
Rumors that it threatened to use non-US currency in the face of US NOPEC bill are untrue, the Saudi Ministry of Energy, Industry and Mineral Resources said
Power List 2019 top five: The most influential people in the regional oil and gas industry
The top 5 of our Power 50 2019 have shown their influence and impacted the regional oil and gas industry this year.
Fitch: Saudi Aramco’s SABIC deal echoes oil majors’ vertical integration
Fitch Ratings looks at vertical integration among international oil companies, and why we are seeing this trend repeated among the region’s national oil companies
Shell will exit oil lobby due to disagreement on climate change policy
The oil major sent a strong message to oil lobbies in a review of its alignments to worldwide groups