Thursday, January 17, 2019

Qatar to Leave OPEC

Qatar, a member since 1961, is leaving OPEC next month to focus on its liquefied natural gas production, Energy Minister Saad Sherida Al-Kaabi told...
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Saudi Daily Oil Output Said to Surpass Record 11 Million Barrels

Saudi Arabia is pumping as much as 11.2 million barrels of crude a day, the most since the kingdom extracted its first oil eight...
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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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