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2014-09-08 18:00:00

SAUDI OIL EXPORT: $200 BLN

SAUDI OIL EXPORT: $200 BLN

Saudi Arabia's oil exports totalled 1.84bn barrels generating nearly US $200bn in the first eight months of 2014, Al-Riyadh daily has reported.

Of the total oil output 23% is accounted for by domestic consumption reaching nearly 553mn barrels, says expert Fahad bin Jumaa for Al-Riyadh daily.

Meanwhile, Saudi Aramco's CEO Khalid Al-Falih announced they are planning to invest US $40mn over the next 10 years to maintain stability in oil production and double gas production, the daily said.

Opec's oil supplies remain strong with a record of 30.44mn barrels per day in July after prices dropped to $99.52 per barrel last week.

Despite abundant global supplies, a tendency for weak demand persists amid dropping oil prices on a global scale.

West Texas crude oil continued to register low prices to reach US $93.65 per barrel last week, while Brent crude dropped to US $102.29, leaving a price gap of US $8.64.

arabianoilandgas.com

Tags: SAUDI, ARAMCO, OIL, GAS

Chronicle:

SAUDI OIL EXPORT: $200 BLN
2017, December, 15, 12:50:00

LUKOIL'S PLAN: $50

LUKOIL - The plan is based on the conservative $50 per barrel oil price scenario. Sustainable hydrocarbon production growth is planned in the Upstream business segment along with the growth in the share of high-margin projects in the overall production. In the Downstream business segment, the focus is on the improvement of operating efficiency and selective investment projects targeted at the enhancement of product slate.

SAUDI OIL EXPORT: $200 BLN
2017, December, 15, 12:45:00

BP INVESTS TO SOLAR

BP - BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. The great majority of this investment will fund Lightsource’s worldwide growth pipeline. The company will be renamed Lightsource BP and BP will have two seats on the board of directors.

SAUDI OIL EXPORT: $200 BLN
2017, December, 13, 12:40:00

OIL PRICE: ABOVE $64 YET

REUTERS - Brent crude was up 69 cents, or 1.1 percent, at $64.03 a barrel by 0743 GMT. It had settled down $1.35, or 2.1 percent, on Tuesday on a wave of profit-taking after news of a key North Sea pipeline shutdown helped send the global benchmark above $65 for the first time since mid-2015. U.S. West Texas Intermediate crude was up 45 cents, or 0.8 percent, at $57.59 a barrel.

SAUDI OIL EXPORT: $200 BLN
2017, December, 13, 12:35:00

RUSSIAN-TURKISH NUCLEAR

ROSATOM - On December 10, 2017, the construction start ceremony took place at the Akkuyu NPP site under a limited construction licence issued by the Turkish Atomic Energy Agency (TAEK). Director General of the ROSATOM Alexey Likhachev, and First Deputy Minister of Energy and Mineral Resources of the Turkish Republic, Fatih Donmez, took part in the ceremony.

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