ARAMCO - NORINCO AGREEMENT $10 BLN
OGJ - Saudi Aramco has signed a $10-billion agreement to form a joint venture with China North Industries Group Corp. (Norinco) and Panjin Sincen to develop a fully integrated, grassroots refining and petrochemical complex in Panjin, in China's Liaoning province.
Under the agreement—the largest Sino-foreign JV to date—the partners will create a new company—Huajin Aramco Petrochemical Co. Ltd.—as part of a project that will include a 300,000-b/d refinery as well as a 1.5 million-tonne/year ethylene cracker…
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PLATTS - Russian President Vladimir Putin and Saudi King Salman bin Abdulaziz confirmed they are ready to continue cooperation on hydrocarbons during a phone call Tuesday, the Kremlin said in a statement.
REUTERS - Saudi Arabia has signed an agreement to supply Pakistan with crude oil and petroleum products to secure its fuel needs, Saudi Energy Minister Khalid al-Falih said
REUTERS - Saudi Arabia’s economy grew at a pace of 2.21 percent in 2018, buoyed by strong oil sector growth and recovering from a contraction in 2017 when the economy was hurt by weak oil prices and austerity measures, government data showed on Thursday.
BLOOMBERG - Saudi Arabia expects to reduce oil output once again in February and pump for six months at levels “well below” the production limit it accepted under OPEC’s oil-cuts accord, Energy Minister Khalid Al-Falih said.
REUTERS - Saudi Aramco, the world’s top oil producer, is looking to acquire natural gas assets in the United States and is willing to spend “billions of dollars” there as it aims to become a global gas player, the company’s CEO said on Tuesday.
AN - Saudi Arabia and the UAE have launched a joint cryptocurrency during the first meeting of the Saudi-Emirati Coordination council Saturday in Abu Dhabi, UAE’s national press agency WAM said.
ENCA - Saudi Arabia's planning to build an oil refinery and a petrochemicals plant in South Africa. It's part of a $10-billion (R138-billion) investment in the country.
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U.S. DT - the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated six Russian individuals and eight entities in response to Russia’s continued and ongoing aggression in Ukraine.
India’s demand for liquefied natural gas (LNG) is set to rise by about 10 percent this year even as the country adds import capacity at a faster clip, because infrastructure constraints keep gas from getting to consumers and hinder growth rates.
По итогам 2018 года «Газпром» увеличил экспорт газа в республику на 5,4% по сравнению с 2017 годом — до 12,9 млрд куб. м. В начале 2019 года рост продолжается: с 1 января по 14 марта, по предварительным данным, объем экспорта составил 2,5 млрд куб. м, что на 1,9% больше, чем за аналогичный период 2018 года.
Abu Dhabi is one of the most important examples of a city that is creatively seeking to strengthen its renewable energy sector.