Saudi oil

Saudis’ Motiva considers revival of multibillion-dollar plastics plan

Motiva Enterprises LLC plans to relaunch a multibillion-dollar expansion project at its Texas Gulf Coast refinery in 2023 that would produce petrochemicals used to make everything from plastic water bottles to bags grocery store. Engineering and excavation work had already been carried out before the project was shut down nearly …

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Saudi Arabia Construction Market Report 2021: Key Trends and Opportunities to 2025, Q2 2021 Update – ResearchAndMarkets.com

DUBLIN – (COMMERCIAL THREAD)–The “Construction in Saudi Arabia – Key Trends and Opportunities to 2025 (Q2 2021)” report was added to ResearchAndMarkets.com offer. The construction industry in Saudi Arabia is expected to recover in 2021, growing 2.9% in 2021, after contracting 0.4% in 2020. The industry is expected to continue …

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ICE Brent up 1.5% after Saudi Arabia reports no price wars

Saudi Aramco on Tuesday raised its official selling price of light Arab crude to Asian buyers by 80 cents per barrel (barrel), the largest monthly increase since January. Buyers in the United States will see smaller increases next month, with prices rising between 20 cents and 40 cents a barrel. …

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Column: Supercycle, which supercycle? Chinese imports of raw materials do not impress (Russell)

Workers drive loaders unloading imported coal at a port in Lianyungang, Jiangsu province, China, December 5, 2019. REUTERS / Stringer The bullish glow surrounding commodities may have lost its luster, with imports in May from the main Chinese buyer looking distinctly unimpressive and far from levels associated with a new …

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Saudi Arabia, Italy, Indonesia and Colombia host G20 anti-corruption event at UN

JEDDAH: Within Saudi Arabia’s Vision 2030 agenda is a plan to address environmental issues and implement sustainable solutions. Over the past five years, the Kingdom has made great strides in ‘going green’ initiatives that include everything from recycling to waste management. Earlier this year, five national environmental centers and an …

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Iran gears up to return to oil market as US talks advance

Iran gears up to boost global oil sales as talks to lift sanctions show signs of progress. But even if a deal is made, the flow of additional crude into the market can be gradual. State controlled National Iranian Oil Co. has primed the oil fields – and relationships with …

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Bold Prince firmly holds Saudi Aramco cash dispenser, the world’s most profitable company

Staredown: Crown Prince Mohammed bin Salman gives an interview to the official television station in Riyadh, Saudi Arabia on April 28, 2021. Anadolu Agency via Getty Images On track for $ 80 billion in revenue this year, Saudi Aramco retained its fifth place in the 2000 world rankings. Stocks trade …

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Saudi Crown Prince Mohammed bin Salman to give TV interview

Saudi Crown Prince Mohammed bin Salman is expected to give a television interview on Tuesday evening where he is expected to discuss developments on the fifth anniversary of the Kingdom’s Vision 2030 reform program. The interview with Al Liwan will air on Rotana Khalijiya TV station as well as state …

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Aramco Weighing sells stake in NatGas Pipelines | Rigzone

(Bloomberg) – Aramco is considering selling a stake in its vast pipeline network to help free up liquidity and attract more international investors to Saudi Arabia, people familiar with the matter said. The state-owned power producer is holding preliminary discussions on the potential move, people said, asking not to be …

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Support a new generation of customers

Changes in project finance in Saudi Arabia cause a shift in attitude towards spending and a new type of client emerges The landscape of the construction market in Saudi Arabia is changing rapidly and contractors need to be fitter, more agile and more resilient to adapt to new market conditions, …

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