Petrochemicals markets are stuck in the doldrums, and even Saudi companies with low-cost feedstock and an advantageous geographical location with access to eastern and western markets are struggling to generate profits. ...
Minister of Petroleum and Mineral Resources, Karim Badawi, made a surprise visit early this morning to the headquarters of Rashid Petroleum Company (Rashpetco) and Burullus Gas Company in Cairo, as part of the Minister�...
Acwa Power, announced on 29 October that alongside its partners the PIF and Aramco, it has signed financing agreements for 12GW of solar PV projects in the kingdom. The trio was awarded PPAs for the five giant solar proj...
Reliable, low-cost energy underpins Saudi Arabia’s economic growth strategy, and Energy Minister Prince Abdulaziz bin Salman Al Saud is acutely aware of the importance of supplying this. “If we don’t have a sustain...
Saudi Arabia’s oil sector grew by 8.2% in Q3, according to preliminary government statistics, its fastest pace since 3Q 2022’s 14.0%. Oil sector activity is accelerating as voluntary production cuts have been eased s...
Saudi oil export revenues managed a third consecutive monthly increase in August, coming in at $18.6bn. Not just was this the highest figure since January’s $18.9bn, but it was the first time in 2025 that oil export re...
The core issue driving prices down is the overwhelming supply. On one hand, the United States, the world's largest crude oil producer, continues its aggressive output under the Trump administration’s strategy to become...
Karim Badawi, the Minister of Petroleum and Mineral Resources, met with a delegation from the Egyptian oil services company, Maridive, to discuss its new investment plan for expanding the scope of its activities in Egy...
Saudi Aramco, one of the world’s leading integrated energy companies, has completed a $11 billion lease and leaseback agreement for its Jafurah gas processing facilities. It also agreed on buying a minority stake in a ...
Egypt has encounterd a gas-bearing layer at the Zohr-9 well in the Mediterranean Sea, with an estimated output of about 70 million cubic feet per day (mmcf/d), according to Karim Badawi, Minister of Petroleum and Mineral...
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