Wednesday, April 24, 2019

Saudi Aramco Sells $12 Billion of Bonds in Unprecedented Debut

Saudi Arabia took its first major step onto the global financial stage to fund the heady ambitions of its crown prince, issuing $12 billion...
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OOMCO Launches Operations in Saudi Arabia

Oman Oil Marketing Company (OOMCO) has officially opened its state-of-the-art service station, ‘Lamaa’, in Dammam. At a grand ceremony held on 8 April, Abdul...
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Aramco Pumps Oil at Fraction of Rivals’ Costs and Way More...

(Bloomberg) -- Saudi Aramco can pump oil at a fraction of the cost of rivals and extracts more from beneath the Arabian Peninsula’s deserts and...
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Saudi Aramco Is the Most Profitable Company on Earth by Far

Saudi Aramco was the world’s most profitable company in 2018, easily surpassing U.S. behemoths including Apple Inc. and Exxon Mobil Corp., according to an...
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BP and Shell Both Claim to Be Number One in Investor...

(Bloomberg) -- In the cutthroat game of global capitalism, there can be only one winner. Unless you’re an oil company. Both BP and Shell are claiming...
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Obscure Pollution Rule May Cost Middle East Billions

(Bloomberg) -- The world’s biggest oil-exporting region may lose billions of dollars in annual revenue when an arcane United Nations requirement for ships to burn...
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OOMCO Celebrates 15 Years Of Transforming The Fuel Industry

Under the patronage of H. E. Ahmed bin Abdullah bin Mohammed Al Shuhi, Minister of Regional Municipalities and Water Resources, Oman Oil Marketing Company...
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PetroChina’s $45 Billion Can’t Feed a Dry Well

(Bloomberg Opinion) -- It’s remarkable what a little money can do. Faced with a declining reserve base and a government mandate to increase domestic production,...
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PDO to create 21,000 job opportunities for Omanis in 2019

Petroleum Development Oman (PDO) has unveiled a significant new employment commitment by sponsoring the training of more than 2,000 young Omanis to work in...
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PDO to ramp up oil production to 670,000 bpd

Petroleum Development Oman (PDO) has announced plans to ramp up oil production to a new level of 670,000 barrels per day (bpd) in the...
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