ACWA Power to generate wind energy in Caspian Sea
The Ministry of Energy of Azerbaijan and ACWA Power of the Kingdom of Saudi Arabia signed A Memorandum of Understanding on cooperation in the field…
Ilham Aliyev attended groundbreaking ceremony for “Khizi-Absheron” Wind Power Plant
A groundbreaking ceremony has been held for the 240-megawatt “Khizi-Absheron” Wind Power Plant to be built in Azerbaijan by ACWA Power of the Kingdom of…
Azerbaijan`s Energy Minister meets with Saudi official
Minister of Energy Parviz Shahbazov met with the Director-General of the National Companies Promotion Program of the Kingdom of Saudi Arabia, Badr Al Badr. According to Report, the sides…
Parviz Shahbazov attends inauguration ceremony of Saudi Green Initiative
Azerbaijani Energy Minister Parviz Shahbazov participated at the inauguration ceremony of the “Saudi Green Initiative” held in Riyadh at the invitation of Prince Abdulaziz bin…
Saudi Arabia Looks To Attract Tourists With ‘Epic’ Offshore Rig Thrills – VIDEO
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), unveiled this weekend its latest project to attract tourists to the country by offering “epic adventures” in…
OPEC, Energy Industry Should Thank Saudi Arabia For Oil Price Recovery
OPEC—as well as the entire energy industry—should be thanking Saudi Arabia for its “magnificent” job in managing their production during the Covid-19 pandemic, according to…
Saudi Arabia Boosted Crude Oil Exports To 4-Month High In May
The world’s top oil exporter, Saudi Arabia, raised its crude oil exports in May to the highest level in four months after OPEC+ decided in…
Saudis cutting US oil prices, raising rates for Asian buyers
Saudi Arabia raised prices for oil shipments to customers in its main market of Asia, signaling the kingdom’s confidence in the region’s economic recovery, according…
Again, Like One Year Ago, Saudi Arabia, Russia Disagree on Quotas
Saudi Arabia contacted a number of OPEC+ countries on February 21 about the parameters of the deal in April As RIA Novosti was told by a source…
Saudi Arabia Warns Oil Producers To Remain “Extremely Cautious”
Oil producers need to remain extremely cautious as uncertainty on the market is still very high, Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman, said on…
Aramco To Sell Stakes In Subsidiaries To Raise Cash
Saudi Arabia is looking to plug budget gaps by having its state-run oil giant, Saudi Aramco, sell some stakes in its subsidiaries, according to anonymous…
OPEC+ Production Cuts Could Be Extended: Putin
Russia does not rule out the possibility that OPEC+ could extend its current 7.7 million barrels per day of production cuts into next year, according…
Saudi Oil Exports Rose In July From Record Lows
Saudi Arabia, the world’s largest oil exporter, saw its crude oil exports rise to 5.734 million barrels per day (bpd) in July, up from a…
Saudis hike oil prices to key markets on rising energy demand
DUBAI (Bloomberg) – Saudi Arabia raised pricing for August oil shipments to Asia, the U.S. and northern Europe amid signs that energy demand is continuing…
Iraq Looks To Lure Saudi Investment As It Tries To Comply With OPEC+ Deal
Iraq is looking to attract investment from Saudi Arabia in one of its natural gas fields, Iraqi Deputy Prime Minister and Finance Minister, Ali Allawi,…
Saudi Arabia Discusses Progress Of OPEC+ Deal With Nigeria
Saudi Arabia’s Crown Prince Mohammed and the president of Nigeria Muhammadu Buhari, discussed the progress of the OPEC+ oil production cut deal this week in…
Aramco Completes $69 Billion Sabic Takeover
Saudi state oil giant Aramco has finalized the purchase of a majority stake in petrochemicals major Sabic on the Saudi stock market, Reuters reported, buying over…
OPEC, Russia Agree Oil Cut Extension To End Of 2018
OPEC agrees to extend oil production cuts until the end of 2018, Rigzone reports. OPEC and non-OPEC producers led by Russia agreed on Thursday to…