Saudi Aramco CEO Amin Nasser delivered a robustly comprehensive defence of his company’s claim to foreign investment and capacity to maintain production despite the September oil asset attacks at the Oil & Money conference in London this morning. But investors…
Tag: Saudi Aramco
The dawn of the Al-Falih era for world oil
Saudi Energy Minister Khalid al-Falih is the new king of global oil In a confident performance at the Atlantic Council Energy Forum in Abu Dhabi today, Saudi Arabia’s Energy Minister Khalid al-Falih targeted the legions of sceptics questioning the kingdom’s…
After 20 years planning, Saudi Arabia to introduce competition into power generation
Saudi Arabia’s power generation industry, the largest in the Middle East, is to be the first target of the kingdom’s privatisation programme, the MEED Leaders in Energy Reform conference in Dubai was told today. It was told that the Saudi…
Saudi shale gas to start in 2017
Saudi Aramco chief executive Amin Nasser said yesterday that the company plans to start producing gas from the Waad al-Shamal project in the north-west of the kingdom in late 2017 as part of a programme to double gas output…
Saudi stock market on track for MSCI status
Saudi Arabia is on course to join MSCI Inc.’s emerging-markets index in 2018, chairman of the kingdom’s Capital Market Authority (CMA) Mohammed al-Jadaan told Bloomberg Markets Middle East television show. The CMA this week made changes including lowering the amount qualified…
Saudi Arabia dismisses output cut call
Energy Minister Al-Falih says oil market intervention is unnecessary Saudi Arabian Energy Minister Khalid Al-Falih has effectively ruled out the possibility that major oil producers will agree a production cut next month, Reuters reported on 25 August. “We don’t believe…
Saudi Aramco considers IPP option for Jizan power plant: MEED
MEED reports that Saudi Aramco is considering the possibility of developing its 2,400MW combined cycle Jizan power plant as an independent power project (IPP).
Shell demands up to $2bn for Motiva break-up
For full coverage of Middle East business, see MEED Royal Dutch Shell has asked Saudi Aramco for up to $2bn as part of the breakup of the Motiva Enterprises refining joint venture in the US. The payment would be compensation for…
Saudi Arabia aims to lift gas consumption
For full coverage of Middle East business, see MEED Saudi Aramco aims to increase the share of gas in the domestic energy mix to 70 per cent and could import gas to meet the kingdom’s needs, Saudi Arabia’s Energy Minister…
Saudi east-west oil line to go to 7m b/d
For full coverage of Middle East business, see MEED Saudi Arabia is acting to reduce its dependence upon exporting oil through the Gulf and enhance its capacity to confront Iran in the wake of the relaxation of nuclear-related sanctions against the…