The Saudi Government-funded think tank is studying the potential impact this move would have on the oil market. The Wall Street Journal has reported citing sources familiar with the matter at hand as saying, a top government-funded think tank in… Read More ›
Armed with improved recovery rates, innovative technology and financing, the U.S. has overtaken Saudi Arabia in crude oil production in September 2018 and is within reach of the world’s no. 1 crude oil producer – Russia. In a strategic development,… Read More ›
In purely financial terms, the disappearance and killing of journalist Jamal Khashoggi’s at the Saudi Embassy in Turkey could turn out to be a costly affair for Saudi Arabia. On Tuesday, the Wall Street Journal reported citing a conference representative,… Read More ›
In April 2018, Total had shown interest in the Saudi petrol station market. This collaboration follows up on the earlier MOU it had signed with the Saudi oil and gas giant. On Tuesday, Patrick Pouyanne, the Chief Executive of French… Read More ›
Despite major companies dropping out from the investment meet, Saudi Arabia is intent on making the investment meet a success. On Tuesday, according to a source familiar with the matter at hand, Saudi oil giant Aramco is likely to sign… Read More ›
20 Saudi state-owned companies in across sectors are slated to be privatized in 2019. In yet another step aimed at diversifying Saudi Arabia’s economy, Crown Prince Mohammed bin Salman disclosed, the Kingdom will privatize more than 20 companies next year…. Read More ›
The investment will be across several years and will see its capacity increase from its current 12 million bpd. On Thursday, Saudi Arabia’s energy minister Khalid al-Falih said, the Kingdom will invest $20 billion in the coming years to maintain… Read More ›
Qatar has accused Saudi Arabia of not taking actions against the piracy of one of its broadcaster’s content in the Kingdom. As per a statement from Qatar’s economy ministry, proceedings against Saudi Arabia at the World Trade Organization (WTO) have… Read More ›
The development assumes strategic importance since the development is part of a package aimed at diversifying Saudi Arabia’s oil-export driven economy. In a development that marks the first commercial borrowing by Saudi Arabia’s top sovereign wealth fund, the Kingdom’s Public… Read More ›
The development assumes significance because it essentially diversifies PIF’s sources of funds and it provides it with much needed financial muscles in its efforts to bring about Saudi Arabia’s Vision 2030 plan, which aims to diversify the Kingdom’s markets and… Read More ›
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