Hollywood film ‘Sands of Fortune’ to spotlight Saudi’s lucrative oil industry
Saudi Arabia discovered oil at 1,440 meters in the Dammam oilfield in March 1938...
Tag : oil
Business Leader of the Week: Meet Amin Hassan Nasser, CEO of Aramco
Amin Hassan Nasser's stint with Saudi Aramco started in 1982 as an engineer in the oil production department, following which he went on to work in the venture's drilling and reservoir wing...
Kuwait records first budget surplus in nine years thanks to soaring oil prices
Over the course of a year, Kuwait brought in 28.8 billion dinars, a 54.7 per cent increase over the previous year...
Oil prices slide further amid concerns over China’s economic growth
China, the top oil importer in the world, is experiencing a sputtering recovery, which continues to worry the market...
Canada’s net-zero emissions target at risk, says regulator
The CER's annual report outlined three scenarios for Canada's net-zero ambition, emphasizing the challenges of reducing emissions nationally...
Kenya to invest more in oil facilities?
Currently, Kenya does not produce any hydrocarbons, although the country most likely has the potential to become an oil producer after 2030...
After a two-year hiatus, US oil shipment heads to South Africa
Kpler data show that Saudi Arabia, West and Central Africa, and South Africa are the primary sources of South Africa's oil...
IF Insights: Have the sanctions against Russia worked?
One of the primary objectives of the sanctions was to limit Russia's access to the global energy market and reduce its ability to export oil...
Fall in oil output to slow down Saudi GDP growth in 2023?
The non-oil revenues increased by 9% in Q1 2023 while oil revenues declined by 3%, as per the Saudi government stats...
US inventory jump, rate hike worries bring negative volatility in oil sector
Russian Deputy PM Alexander Novak announced that the country plans to cut its oil production by 500,000 barrels per day in March 2023...