The move comes as the world’s largest exporter of crude oil focuses on economic diversification
Saudi Arabia
Posted inNews
Saudi Arabia’s car-free sci-fi city ‘The Line’: 5 facts you need to know
The Line will have no roads, cars or emissions, and will run on 100% renewable energy
Posted inNews, Downstream
Aramco, TotalEnergies announce $11 billion megaproject in Jubail
Construction of the petrochemical facility will begin in 2023
Posted inExploration & Production
Saudi Arabia, Kuwait sign agreement to develop Al-Durra gas field
The project is being jointly developed by Saudi-based Aramco Gulf Operations Co and Kuwait Gulf Oil Co
Posted inNews
World’s largest crude oil exporter reports whopping $27 billion budget surplus
Saudi Arabia recorded its first annual budget surplus in nearly a decade
Posted inNews
Saudi Arabia could host World Cup 2030 in diversification push
Saudi Arabia is seeing its fastest economic growth in a decade thanks to elevated oil prices
Posted inProducts & Services
IMI Saudi opens new manufacturing facility in Dammam
IMI Saudi Industry, a subsidiary of IMI Critical Engineering, has unveiled a new 5,000m2 facility in Dammam to supply valve solutions and bolster national manufacturing capabilities in line with Saudi government localisation plans for key products. The factory will provide accessibility to valve and actuating systems in line with the Saudi Vision 2030 strategic framework […]
Posted inNews
Stop ‘bullying’ Saudi Arabia over OPEC cuts, Turkish foreign minister tells US
Turkish Foreign Minister Mevlut Cavusoglu said on Friday it was not right for the United States to “bully” Saudi Arabia after OPEC+ oil producers announced production cuts earlier this month, defying Biden’s pleas. “We see that a country has threatened Saudi Arabia, especially recently. This bullying is not correct,” Cavusoglu said at a news conference in southern Turkey. President Joe Biden […]
Posted inPartnership
Saudi Arabia, India to lay 1,600 km long underwater cable
The Kingdom of Saudi Arabia and India may soon be connected by submarine cables, creating a renewable energy grid as both countries explore a cross-country project being undertaken to extend a new era of energy diplomacy, Indian local media reported on Friday. As per media reports, the cost of the project could be between $15 […]
Posted inNews
Is an oil war on the horizon?
While US has accused Saudi Arabia of siding with Russia after OPEC+ cuts, Saudi Arabia has firmly denied the accusations, noting that the oil cut is ‘purely economic’
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