Suhail bin Mohammed Al Mazroui said he believes Russia has benefitted from the oil cut agreement
State-owned Aramco’s bond issue is split into maturities ranging from three to 30 years
The Aramco bond has attracted interest from a wide range of investors
The bonds range in maturity from three to 30 years and are expected to attract demand from emerging markets and investment-grade buyers
A joint OPEC and non-OPEC ministerial committee known as the JMMC is due to meet in May
Saudi Arabia is threatening to sell its oil in currencies other than the dollar
The chances of the U.S. bill known as NOPEC coming into force are slim
The world’s top oil exporter wants to diversify its energy mix
Global economic growth is anticipated to slow to 2.8 per cent in 2019-2020 from 3.2 per cent in 2018
The leaders discussed “ways of cooperating in the fields of energy and industry”
The company plans to open up to 10 fuel service stations each in Saudi Arabia and Dubai this year
The fire will not affect the supply of kerosene in the domestic and export market, officials said
ADNOC Refining produces up to 500,000 metric tonnes per year of the Group III base oil
The financial disclosure came ahead of a planned bond deal, Aramco’s inaugural transaction in international markets
Aramco intends to issue its first U.S. dollar-denominated bonds, expected to be for at least $10bn, in the second quarter
In 2008, the UAE became the first Arab country to participate in Earth Hour
Mohammed bin Hamad Al Rumhy also said Oman remained committed to the OPEC+ agreement
Abdurrahman Khalidi, chief technology officer, GE Power Africa, India & the Middle East, explains how new technology is driving sustainability in the Gulf
Saudi Aramco has agreed to buy a 70 per cent stake in SABIC for $69.1bn
The bond will help the world’s largest oil producer fund the $69.1bn purchase of a stake in SABIC
Aramco will buy a 70 per cent stake in SABIC, in what is one of the biggest deals in the global chemical industry
The kingdom has previously stated it aims to build at least two nuclear power plants
Barakah will be the UAE’s first nuclear plant and the world’s largest when complete, with four reactors and 5,600 megawatts (MW) capacity
CEO Amin Nasser said the oil giant is building “an energy bridge” between Saudi Arabia and China
Supplies from Saudi Arabia to China reached 5.95 million tonnes, or about 1.552 million bpd, data from Chinese customs showed
Oman’s involvement in the planned $3.85bn oil refinery has been unclear, with Sri Lanka saying the Sultanate is interested in taking a 30 per cent stake, while Oman has not confirmed its intentions
The move defies US President Donald Trump’s demands for OPEC to help reduce prices
The UAE’s Barakah nuclear power plant is due to begin operations in 2020
“We are not under pressure except by the market,” said Saudi energy minister Al Falih
The project includes the construction, ownership, and operation of a 500 MW independent power project