Sunday, December 16, 2018

Aramco Plans to Invest $500 Billion as Oil Giant Expands Abroad

Saudi Aramco aims to become a global refiner and chemical maker, seeking to profit from parts of the oil industry where demand is growing...
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Aramco Said to Be Still Considering Range of Options for Sabic

Saudi Aramco is still considering a range of options to finance the acquisition of a controlling stake in the country’s largest chemical company, according...
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OOC and Orpic appoint new Group CEO

The board of directors of Oman Oil Company (OOC) and Oman Oil Refineries and petroleum industries company (Orpic) announced the appointment of Mr. Musab...
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PDO to support training of 50 students

Petroleum Development Oman (PDO) has signed a Memorandum of Understanding (MoU) with the Ministry of Education and Ministry of Higher Education to sponsor the...
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HM presides over National Day military parade

His Majesty Sultan Qaboos, the Supreme Commander of the Armed Forces, on Sunday presided over the military parade, which was staged at the military...
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Surging Saudi Exporter Seeking to Restore Deal With Aramco

Saudi Industrial Export Co., the best performing stock in Saudi Arabia this year, has escaped recent volatility in the kingdom’s market and is seeking...
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Saudi Petrochemicals Giant’s Quarterly Profit Meets Estimates

Saudi Basic Industries Corp. posted a 5.4 percent increase in third-quarter profit, meeting analysts’ estimates. Net income rose to 6.1 billion riyals ($1.63 billion) from...
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BP Tech Gurus Borrow Ideas to Drive Billions in Savings

As the sun reaches its crest over Oman’s sandy landscape, temperatures soar past the point at which it can melt a road. The searing...
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The World’s Fourth-Biggest Oil Producer Can’t Keep the Lights On

Iraq is fast becoming a global oil powerhouse, gaining stature in OPEC after it surpassed Canada this year as the world’s fourth-biggest producer. But...
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Oman continued investments despite oil price drop

The Sultanate continued investments in the oil and gas sector despite the oil price drop since 2014, HE Dr. Mohammed bin Hamad Al Rumhy,...
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