Middle-east Arab News Opinion | Asharq Al-awsat

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In this May 9, 2008 file picture, an oil rig is seen silhouetted against the sunset in St. Lawrence, Texas, United States. (Reuters/Jessica Rinaldi)

Global oil industry could scrap, delay $1 trln in projects, investments: Aramco executive

by Wael Mahdi | Mar 11, 2015 | Business

Manama and London, Asharq Al-Awsat—Up to 1 trillion US dollars in slated investments and projects in the global oil industry could be canceled or postponed during the next two years due to the current drop in oil prices, a senior executive from Saudi Arabia’s...

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This file photo shows oil tanks at the Saudi Aramco headquarters during a media tour at Damam city, Saudi Arabia, on November 11, 2007. (Reuters/Ali Jareki/Files)

Saudi oil output highest since 2012: report

by Wael Mahdi | Feb 20, 2015 | Business

Al-Khobar, Asharq Al-Awsat—Saudi Arabia’s oil production rose in 2014 to its highest levels in two years, according to a report by energy consultant PIRA Energy Group, as the world’s biggest oil exporter continues to pursue its strategy of maintaining market share...

Media ID: 55336972
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This file photo shows oil tanks at the Saudi Aramco headquarters during a media tour at Damam city, Saudi Arabia, on November 11, 2007. (Reuters/Ali Jareki/Files)

Saudi Aramco opens Asian subsidiary in Beijing

by Wael Mahdi | Nov 11, 2014 | Business

Al-Khobar, Asharq Al-Awsat—After years of operating in Asia through its offices in Hong Kong and South Korea, Saudi Aramco, the Kingdom’s state-owned oil company, is opening a brand new Asian subsidiary, Aramco Asia, setting up shop in the Chinese capital, Beijing....

Media ID: 55337662
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File photo of Khafji oil field. (Asharq Al-Awsat)

Saudi Arabia, Kuwait halt production at Khafji oilfield: source

by Wael Mahdi | Oct 18, 2014 | Business

Khobar, Asharq Al-Awsat—Oil regulators in Saudi Arabia and Kuwait decided on Thursday to halt production at a jointly-run oilfield citing environmental concerns, Asharq Al-Awsat has learnt. Operations at the Khafji oilfield are being shut down by the authorities of...

Media ID: 55336972
Caption:

This file photo shows oil tanks at the Saudi Aramco headquarters during a media tour at Damam city, Saudi Arabia, on November 11, 2007. (Reuters/Ali Jareki/Files)

New refineries will boost Saudi share of petroleum products market: experts

by Asharq Al-Awsat | Sep 26, 2014 | Business

Al-Khobar, Asharq Al-Awsat—The opening of two new oil refineries in Saudi Arabia will help the Kingdom maintain and grow its share of the global crude and petroleum products markets, sector experts have told Asharq Al-Awsat. The SATORP Jubail Export Refinery, owned by...