Middle-east Arab News Opinion | Asharq Al-awsat

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Goldman Sachs: 50% of Harvey-Affected Refineries Could Return Thursday

by Wael Mahdi | Sep 6, 2017 | Business

Kuwait- Reconstruction in the aftermath of Hurricane Harvey’s deadly gash through Texas could prove positive for the oil market in a few months, according to Goldman Sachs Group Inc. “More than half of the US oil refining capacity that was shut because of Harvey’s...

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After Harvey, Aramco Shuts Down Biggest Refinery in US

by Wael Mahdi | Aug 31, 2017 | Business

Kuwait- Damages resulting from Harvey storm on the US refining sector mounted as Motiva Enterprises – owned by Aramco – announced that it would completely halt operating in Port Arthur refinery because of the flood. “At 5 a.m. on Wednesday, Motiva began a controlled...

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Sadara Logo

Dow, Aramco Possible Equity Equalization of Sadara

by Wael Mahdi | Aug 29, 2017 | Business

Kuwait – It might be difficult to put shares of Sadara Chemicals in a public offering after US company Dow Chemical signed an agreement with Saudi Aramco to boost its interest to 50 percent. Dow owns a 35 percent stake in Sadara Chemical and said it had signed the...

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A worker checks the valves at Al-Sheiba oil refinery in Basra, Iraq, January 26, 2016. REUTERS/Essam Al-Sudani/File Photo

OPEC Invites Iraq, the UAE to Vienna this Month

by Wael Mahdi | Aug 10, 2017 | Business

Khobar – The Secretariat of the Organization of the Petroleum Exporting Countries (OPEC) has extended invitations to four OPEC and non-OPEC countries to attend a technical meeting to be held in Vienna this month, to monitor the commitment to an agreement to...

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Saudi Arabian Energy Minister Khalid al-Falih attends a meeting of the 4th OPEC-Non-OPEC Ministerial Monitoring Committee in St. Petersburg, Russia July 24, 2017.

Saudi Arabia to Turn Table on Oil Producers in Second Half

by Wael Mahdi | Jul 26, 2017 | Business

Kuwait- Saudi Energy Minister Khalid al-Falih seems to be frustrated with the current situation in the oil market, according to his latest statement in the Joint OPEC-Non-OPEC Ministerial Monitoring Committee meeting in St Petersburg. Falih has the right to be...