Environment & Energy | Thursday 29 November, 2018 7:00 am

Saudi Aramco Signs Deals Worth $27.5 Billion With Suppliers at Annual IKTVA Localization Forum

Saudi Aramco hosted its 4th IKTVA Forum & Exhibition this week at the Dhahran Expo Center in Dammam, attracting more than 1,000 local and international energy-sector service and equipment suppliers, manufacturers and small and medium enterprises to explore available investment...

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Environment & Energy | Thursday 29 November, 2018 4:23 am

Putin praises Crown Prince for oil production cut

Russian President Vladimir Putin on Wednesday praised the role of Saudi Arabia and Crown Prince Muhammad Bin Salman, deputy premier and minister of defense, in the success of concluding agreements aimed at cutting oil production. The Russian president was responding to a question on the...

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Environment & Energy | Wednesday 28 November, 2018 2:59 am

Aramco to invest more than $100bn over the next 10 years in chemicals

Saudi Aramco President and CEO Amin H. Nasser on Tuesday told delegates attending the 13th annual Gulf Petrochemicals and Chemicals Association (GPCA) Forum that a key Saudi Aramco objective is to bring its downstream business to the same prominence as its upstream, as the company undergoes...

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Environment & Energy | Tuesday 27 November, 2018 3:00 pm

The Dubai Supreme Council of Energy (DSCE) launches the Emirates Energy Award (EEA) 2020 in Jordan

Under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, the Dubai Supreme Council of Energy (DSCE) unveiled the fourth edition of Emirates Energy Award (EEA) - 2020 at a press conference held at Fairmont – Amman, Jordan on...

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Environment & Energy | Tuesday 27 November, 2018 6:11 am

Saudi Aramco signs deals worth $27.5bn

Saudi Aramco hosted its 4th IKTVA Forum & Exhibition this week at the Dhahran Expo Center in Dammam, attracting more than 1,000 local and international energy-sector service and equipment suppliers, manufacturers and small and medium enterprises to explore available investment opportunities...

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Environment & Energy | Tuesday 27 November, 2018 2:30 am

Saudi Arabia to boost mining sector to $64bn GDP contribution

Saudi Arabia is seeking to develop its mining sector to increase its current GDP contribution from $17 billion to $64 billion. Khalid Al-Falih, minister of energy, industry and mineral resources, said the Kingdom’s strategy includes 42 initiatives to structure the sector and raise its...

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Environment & Energy | Tuesday 27 November, 2018 2:12 am

Moon comes directly above Kaaba

The sky of Makkah witnessed a rare celestial phenomenon early Monday morning when the moon came above the Holy Kaaba. Majed Abu Zahira, president of the Jeddah Astronomy Association, said that people of Makkah were able to see with naked eyes the moon that appeared vertically above the Grand Mosque ...

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Environment & Energy | Monday 26 November, 2018 2:10 pm

BHGE is Recognized for Localization Efforts in Saudi Arabia and Reinforces Commitment to the Country’s Oil and Gas Industry

Baker Hughes, a GE company (NYSE:BHGE) receives recognition for its localization efforts and announces a series of agreements at Saudi Aramco’s In-Kingdom Total Value Add (IKTVA) Forum. The agreements are in line with Saudi Aramco’s 2030 vision and IKTVA...

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Environment & Energy | Sunday 25 November, 2018 3:40 am

ADNOC’s first investor forum highlights co-investment, partnership opportunities

The Abu Dhabi National Oil Company (ADNOC) hosted 200 members of the global investment and financial community at its inaugural investor forum in Abu Dhabi, providing attendees with a deeper understanding of ADNOC’s transformation and delivery, value creation plans, 2030 smart growth strategy ...

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Environment & Energy | Saturday 24 November, 2018 3:25 am

Oil prices hit year low; OPEC considers output cut

Oil prices fell to their lowest in more than a year on Friday, on course for their biggest one-month decline since late 2014, even as oil producers considered cutting production to try to stem a rising global surplus. Oil supply, led by US producers, is growing more quickly than demand and to...

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