Middle-east Arab News Opinion | Asharq Al-awsat

Media ID: 55324294
Caption:

Saudia Arabia’s Minister of Petroleum and Mineral Resources, Ali AI-Naimi (C), arrives at the Grand Hotel in Vienna on December 2, 2013, prior to the start 164th meeting of OPEC, held in Vienna on December 4. (AFP PHOTO/ALEXANDER KLEIN)

OPEC seen keeping output limit as Naimi says oil market balanced

by Asharq Al-Awsat | Dec 3, 2013 | Business

Vienna, Bloomberg—Energy ministers from Iraq, Kuwait, Angola and Algeria expect OPEC to keep its crude production target unchanged Wednesday after Saudi Oil Minister Ali Al-Naimi said the market is “in equilibrium.” The market is “balanced,”...

Media ID: 55297373
Caption:

A non-associated gas processing facility. (Photograph: Saudi Aramco)

Saudi Arabia to join US as shale gas producer

by Asharq Al-Awsat | Oct 14, 2013 | Business

Daegu, Reuters—OPEC heavyweight Saudi Arabia is preparing to be among the first countries outside North America to use shale gas for power generation and thereby save more of its crude oil for lucrative exports. Inspired by a shale gas boom in the United States, which...

Media ID: 55297373
Caption:

A non-associated gas processing facility. (Photograph: Saudi Aramco)

Saudi Arabia’s Shale Gas Challenge

by Andrés Cala | Mar 30, 2013 | Business

Saudi Arabia’s plans to explore its vast shale gas reserves—potentially the fifth largest in the world—will take years. The success of this project will depend on the economic feasibility, especially in regards to limited water supplies that would require a robust...