President Hassan Rouhani will present a plan for creating security in the Gulf in cooperation with other countries in the region when he attends the United Nations General Assembly in New York this week.
Saudi's oil production from its Khurais plant is now at more than 1.3 million barrels per day, while current production from its Abqaiq plant is at about 3 million bpd, the source said.
Saudi Arabia has restored its oil production capacity to 11.3 million barrels per day after Sept. 14 attacks on oil facilities, three sources briefed on Saudi Aramco's operations told the media.
Saudi Aramco is planning a multibillion dollar investment in India’s Reliance Industries as the energy giant diversifies its oil business.
The Ministry of Foreign Affairs and International Cooperation said in a statement today that it strongly condemns this terrorist act, which aims at destabilising security and stability and poses a grave threat to the world's energy supply.
Saudi Aramco said it would start taking bids from investors on November 17 in a highly anticipated stock offering, as it released a prospectus that did not disclose the size of the sale or the pricing range.
Saudi Arabia’s energy ministry has directed oil producer Saudi Aramco to raise its output capacity to 13 million from 12 million barrels per day (bpd), CEO Amin Nasser said
Saudi Aramco’s net profit soared 124 per cent last year as global growth recovered from the Covid-19 downturn, the oil giant announced on Sunday. “Aramco’s net income increased by 124% to $110 billion in 2021, compared to $49.0 billion in 2020,”
Quoting Saudi Crown Prince Mohammed Bin Salman, SPA reported that the "transfer of four per cent of Aramco shares to the Public Investment Fund... is part of the kingdom's long-term strategy to support the restructuring of its economy".