| Saudi Arabia Oil Industry
News |
Occupying four-fifths of the Arabian Peninsula, Saudi Arabia has
about one third of the world reserves of petroleum. Saudi Arabia
is the largest petroleum producer of OPEC, and one of the leading
oil exporters of the world. Oil can be retrieved so inexpensively
since it is so close to the surface. Saudi Arabia can control
prices since it also has the world's largest developed reserve
pumping capacity for oil.
Saudi has over 300 recognized reservoirs, with 90% of it's oil coming
from the five super giant fields. There have been no new discoveries
of giant fields since the 1970's. Saudi Arabia's most significant
oil field is Ghawar. Ghawar is the world's largest oil field and
accounts for 55% - 60% of all Saudi oil produced.
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| Current Saudi Arabia Oil
Industry News |
Updated :
Oil demand will be up by 70% – that’s five times the oil production in Saudi Arabia today. I’ll leave you to imagine what this means from an energy security perspective. The other scenario offered by the ...
Publ.Date : Thu, 02 Sep 2010 00:44:00 GMT
There's one reason why I'm not too thrilled about their future returns: National oil companies. You've heard of them before... China's CNOOC ( CEO ), Saudi Arabia's Saudi Aramco, Russia's Gazprom ( OGZPY.PK ), and ...
Publ.Date : Wed, 01 Sep 2010 14:43:00 GMT
Sept. 2 (Bloomberg) -- Qatar Marine crude is trading at the highest level in four weeks versus its official selling price as Japanese refiners replenish supplies of kerosene for heating and Saudi Arabia ...
Publ.Date : Thu, 02 Sep 2010 08:36:00 GMT
Aug 31 (Reuters) - Saudi Arabia will raise wages for most of its army ... military expenditure accounted for some 33 percent of the budget of the world's top oil exporter last year, according to the finance ministry ...
Publ.Date : Tue, 31 Aug 2010 11:31:00 GMT
Saudi Aramco and Exxon Mobil Corp. are scheduling the next major maintenance shutdown at their Yanbu refinery in 2013 after completing work there earlier this year, a person with knowledge of the plan said ...
Publ.Date : Wed, 25 Aug 2010 15:12:00 GMT
... Saudi Arabia's plan to raise wages for most of its military staff could further boost inflation in the Gulf Arab kingdom, after it hit a 17-month high in July, analysts said on Wednesday. The world's top oil ...
Publ.Date : Wed, 01 Sep 2010 12:12:00 GMT
RIYADH, Saudi Arabia (AP) — Saudi Arabia's king has appointed the Chevron Corp.'s former chairman as a board member of Saudi Aramco, the country's state-run oil giant. David O'Reilly's appointment, reported ...
Publ.Date : Sun, 22 Aug 2010 18:01:00 GMT
who is also defense minister and deputy prime minister of the top oil exporter and major U.S. ally, left Saudi Arabia for a "private holiday" for an unspecified time, SPA said in a brief report, citing a royal court ...
Publ.Date : Sat, 28 Aug 2010 18:44:00 GMT
Aug. 28 (Bloomberg) -- Saudi Arabian shares rose the most in a month, after U.S. and European markets advanced and oil prices rallied on a pledge by Fed Chairman Ben S. Bernanke to maintain the U.S ...
Publ.Date : Sat, 28 Aug 2010 11:48:00 GMT
Saudi Arabian shares retreated the most in two months, leading a decline in Persian Gulf markets, after global equities fell on concern the global economic recovery is faltering. Oil declined for a fifth ...
Publ.Date : Tue, 24 Aug 2010 14:02:00 GMT
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| Saudi Arabia Oil & Gas
Industry Links |
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United States Government
United States Department of Energy - Energy Information Administration
- Country Brief -Saudi Arabia
CIA
World Factbook on Saudi Arabia
U.S.
State Department's Consular Information Sheet -Saudi Arabia
Associations and Institutions
Middle
East Institute
The
Saudi Arabia Information Resource
OPEC
World
Energy Council (WEC)
Governmental Agencies
Ministry
of Petroleum and Mineral Resources
Royal
Commission for Jubail and Yanbu
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