Special to WorldTribune.com In increasing its oil exports to China, Saudi Arabia has fired a “shot across Iran’s bow,” industry analysts say. Saudi shipments of oil to China rose by 36 percent in February to the highest level in at least three years, according to ClipperData, a firm that tracks global crude shipments. Analysts seized […]
Special to WorldTribune.com In increasing its oil exports to China, Saudi Arabia has fired a “shot across Iran’s bow,” industry analysts say. Saudi shipments of oil to China rose by 36 percent in February to the highest level in at least three years, according to ClipperData, a firm that tracks global crude shipments. Analysts seized […]
Special to WorldTribune.com Saudi Arabia is intent on drowning its competition in a sea of cheap oil. “There have been no conversations here that say we should cut production now that we’ve seen the pain,” Saudi Aramco Chairman Khalid al-Falih told the Financial Times. “The only thing to do now is to let the market […]
Special to WorldTribune.com ABU DHABI — Saudi Arabia has approved an energy contract with India. Saudi Aramco awarded a $54 million contract to India’s Essar Projects for the modernization of a refinery. The maiden contract, meant to focus on engineering, procurement and construction, was expected to be completed within 29 months. “The $54 million EPC […]
Special to WorldTribune.com WASHINGTON — Al Qaida has focused on planning massive cyber attacks on the United States. Officials said the Al Qaida campaign was meant to disrupt power supply, banks, critical facilities, including nuclear plants, without sending fighters into the United States. “We’re in a pre-9/11 moment, in some respects, with cyber,” Assistant Attorney […]
Special to WorldTribune.com ABU DHABI — Saudi Arabia has quietly increasing crude oil production. Industry sources said Saudi Aramco increased its crude output in April 2014 to 9.66 million barrels per day. The sources attributed the 100,000 barrel per day rise in April to customer demand, mostly that of China. Saudi Arabia remains the biggest […]
Special to WorldTribune.com ABU DHABI — Russia and Saudi Arabia have been negotiating a multi-billion-dollar project to develop natural gas reserves in the Gulf Arab kingdom. Officials said the state-owned Saudi Aramco was holding talks with Russia’s LukOil to develop gas reserves in Saudi Arabia. The officials said the kingdom’s Empty Quarter, despite a decade […]
Special to WorldTribune.com ABU DHABI — As new global shale oil resources continue to emerge, Saudi Arabia plans to increase its crude oil reserves by 20 percent. Saudi Aramco said it would add 160 billion barrels to the kingdom’s crude reserves. Aramco president Khalid Al Falih cited efforts to discover oil and gas reserves throughout […]
Special to WorldTribune.com ABU DHABI — Saudi Arabia plans to produce shale gas in competition with the United States. [Related story: Number one: U.S. becomes world’s top oil producer, thanks to shale boom, Oct. 18] The state-owned Saudi Aramco said it intends to move toward exploration and production of shale gas in the Gulf Cooperation […]
Special to WorldTribune.com ABU DHABI — Bahrain and Saudi Arabia have approved a plan to build crude oil pipeline. Bahrain’s state-owned Bapco said Manama and Riyad have decided to build an oil pipeline by 2016. Bapco said the 115-kilometer pipeline was designed to transport 350,000 barrels per day from Saudi Arabia’s Abqaiq to Bahrain’s Sitra […]