Saudi oil

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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Saudi Red Sea project secures $ 3.8 billion ‘green’ loan for new hotels

By Yousef Saba, Saeed Azhar DUBAI, April 27 (Reuters) – Saudi Arabia’s flagship tourism developer The Red Sea Development Company (TRSDC) has raised a “ green ” loan of 14.12 billion riyal (3.77 billion dollars) from four Saudi banks for 16 new hotels, chief executive John Pagano told Reuters on …

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Alhokair adds Fnac Darty, Apple reseller and Decathlon stores across Saudi Arabia

RIYADH: Saudi Real Estate Refinance Company (SRC), the mortgage finance giant owned by the Kingdom’s sovereign wealth fund, the Public Investment Fund (PIF), is considering an international bond issue this year, possibly in the United States, its CEO told Arab News. The CBC last month issued a SR 4 billion …

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Aramco evaluates the sale of its stake in gas pipelines

Saudi Aramco is considering selling a stake in its extensive pipeline network to help free up money and attract more international investors to the kingdom, people familiar with the matter said. The state-owned power producer is holding preliminary talks on the potential move, people said, asking not to be identified …

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