Page 16 - Saudi Arabia

India offers to lift regular Saudi oil volumes in June after May cuts

Indian state refiners on Thursday placed orders for regular supplies from Saudi Aramco for June, after reducing purchases this month, drawn by lower prices by the world's top oil exporter

Saudi Arabia cuts oil prices for Asia as virus hits India demand

Brent crude has climbed almost 35% this year

Saudi Arabia expected to cut June crude prices for Asia: Survey

Saudi Arabia is expected to cut its official selling prices for Asia in June, tracking weakness in Middle East benchmark Dubai and demand uncertainty amid a new wave of regional Covid-19 outbreaks

Saudis in Talks to Sell Aramco Stake to Global Energy Firm

The kingdom is looking at the potential sale -- which could be worth about $19 billion, based on the company's market value -- as a way to lock in customer demand for the country's crude

Saudi Arabia in talks to sell 1% of Aramco, says crown prince Salman

DUBAI (Reuters) - Saudi Arabia's crown prince said in televised remarks on Tuesday that the kingdom was in discussions to sell 1% of state oil firm Saudi Aramco <2222.SE> to a leading global energy company.

Covid-19: Saudi Arabia to ship 80 metric tonnes of oxygen to India

Saudi Arabia is shipping 80 metric tonnes of liquid oxygen to India as the country is running low on supplies due to an unprecedented spike in coronavirus cases. India logged a record of 3,49,691 new coronavirus infections in a day on Sunday, taking its total tally of COVID-19 cases to 1,69,60,172. The death toll increased to 1,92,311 with a record 2,767 daily new fatalities, according to the Union Health Ministry data. The supply shipment is being undertaken in cooperation with the Adani group and Linde company. "Embassy of India is proud to partner with Adani group and M/s Linde in shipping much-needed 80MT liquid oxygen to India. Our heartfelt thanks to the Ministry of Health Kingdom of Saudi Arabia for all their help, support, and cooperation, the Indian mission in Riyadh tweeted. "Thank you @IndianEmbRiyadh Indeed, actions speak louder than words. We are on an urgent mission to secure oxygen supplies from across the world. This first shipment of 4 ISO cryogenic tanks with 80 t

Yemen's Houthis claim attack on Aramco facility; no Saudi confirmation

The military coalition led by Saudi Arabia intervened in Yemen against the Iran-aligned Houthis in 2015.

Saudi Arabia's latest economic plan comes with big risks, can hit finances

The idea is that their expenditure on new infrastructure and technology will be big enough to accelerate the country's growth and cause a jobs boom

IOC to buy Guyanese crude as India doubles up on cutting Opec dependence

According to oil ministry officials, this deal is at competitive rates and is in line with the strategy to have multiple sources of crude oil for Indian refiners

$12.5-bn pipeline deal shows oil still king for investors in Saudi Arabia

EIG makes one of the biggest direct investments in the country; Aramco deal shows country's reliance on core energy

Billionaire Saudi Arabia family breaks the mould on kingdom's secrecy

BinDawood family's share sale to drive diversification push

Oil price rises nearly 2% on US vaccine rollout, Middle East tension

Crude prices have remained rangebound in the past three weeks, as growing expectations of surging U.S. economic activity are balanced by the slow rate of vaccination in Europe

Yemeni Houthis claim drone attack on Saudi Aramco's oil facilities

While attacks on Saudi cities and energy installations have increased this year, they rarely claim lives or cause extensive damage

L&T's arm bags order to set up solar power project in Saudi Arabia

The Renewables arm of Larsen & Toubro's Power Transmission & Distribution Business has bagged an order to set up Sudair solar power project of 1.5 GW in Riyadh province of Saudi Arabia. The company did not disclose the value of the contract, but said the orders fall under the "major" category, which ranges between Rs 5,000 crore and Rs 7,000 crore, according to the classification of contracts. The Renewables arm of Larsen & Toubro's Power Transmission & Distribution Business has secured a turnkey EPC contract, from the consortium of ACWA Power and the Water and Electricity Holding Company for Sudair Solar PV Project of 1.5GW capacity, a company statement said. According to statement this project is considered the largest Solar Plant in Saudi Arabia with power purchase agreement (PPA) signed. It is also one of the largest such plants in the world. The EPC (engineering procurement construction) contract, was awarded by the consortium of ACWA Power and the Water and ...

Saudi Arabia crown prince's past makes his vision a tough sell abroad

His plan to open up the economy may be jeopardised by his reputation

Saudi $7 trillion investment goal puts spotlight on oil prices: Report

In order to wean Saudi Arabia off its dependency on crude the kingdom needs higher oil prices

Indian refiners to buy one-third less oil from Saudi Arabia next month

Indian refiners will buy less oil from Saudi Arabia next month as they snap up supplies outside of the Middle East as part of diversification drive amid weakening domestic fuel demand on the resurgence of COVID-19. State-owned Indian Oil Corporation (IOC) and three other refiners have sought just 65 per cent of the monthly average of about 15 million barrels from Saudi Arabia in May, three sources with knowledge of the matter said. The move follows tensions between India and Saudi Arabia over the Kingdom's hawkish stance on boosting production to cool prices. With Saudi Arabia ignoring its pleas to lift output curbs, the Indian government last month asked state refiners to look for sources outside of the Middle East. Sources said IOC and other state refiners are looking to buy more oil from the spot or current market rather than rely on term or fixed quantity contracts with Saudi and other oil cartel OPEC nations. They have in recent weeks bought newer crudes from geographies rang

Power play: India wields oil 'weapon' to cut dependence on Saudi Arabia

Indian refiners plan to cut imports from the Kingdom by about a quarter in May, sources said, dropping them to 10.8 million barrels from monthly average of 14.7-14.8 million barrels

US resumes calls to Saudi Arabia as OPEC+ debates increase or rollover

Trump insisted OPEC raise production to prevent prices from spiking too high

Saudi daily lauds Indian govt's development, welfare initiatives in J-K

Noting the positive initiatives taken by the Indian government in Jammu and Kashmir, Saudi Gazette has lauded Prime Minister Narendra Modi's government for undertaking various development and public welfare programmes, in the aftermath of the abrogation of Article 370.The Saudi daily noted that the J-K youth have responded positively to the Modi government's initiatives and have shown their desire to become a part of the progress of the country."Even the local militants who gave up arms after August 5, 2019, have been rehabilitated and have become a part of the national mainstream," the English daily noted.Saudi Gazette reported that most of the local leaders of Kashmir who used to claim that "if J & K's special status is revoked no one will be left in Kashmir to hold the tricolour" have been proven wrong.The Saudi newspaper further pointed out that the Centre's scholarship schemes for Jammu and Kashmir students had helped many youths from poor backgrounds to get admissions in ...