by Asharq Al-Awsat | Oct 12, 2016 | Business
Dammam– Saudi Aramco President and CEO Amin Al Nasser said that the company would invest $300 billion in exploration and production during the coming decade, despite major challenges represented by the decline in international oil prices. Addressing the attendees at...
by Asharq Al-Awsat | Oct 16, 2013 | Business
Daegu, Reuters—Iraq said China is seeking to increase purchases of its crude by more than two-thirds next year, stepping up the rivalry between Baghdad and top exporter Saudi Arabia for a bigger slice of the growing Asian market. Rapid increases in Iraq’s oil...
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...
by Asharq Al-Awsat | Oct 13, 2013 | Business
Daegu, Reuters—The world’s largest oil exporter, Saudi Aramco, will increase light sour crude output from two fields—Shaybah and Khurais—by 550,000 barrels per day (bpd) in 2016-2017, to rebalance its crude quality and extend the lifespan of mature fields. The...
