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The Latest Breaking News from Saudi Aramco

Saudi Joint Team to Ensure Implementation of Industrial, Energy Projects

Saudi Arabia’s Minister of Industry and Mineral Resources Bandar Alkhorayef revealed that the Ministry of Energy and Saudi Aramco are working closely to create a joint team and ensure that related projects are progressing appropriately, including those of the “In Kingdom Total Value Add” (IKTVA) program for the supply sector.…

Asharq Al-Awsat

Abu Dhabi’s ADNOC Forms Unit to Issue Debt, Explore Funding

Abu Dhabi National Oil Co (ADNOC) has set up a subsidiary, ADNOC Murban, to issue primary debt and explore new funding opportunities. ADNOC Murban will become the primary debt capital markets issuing and rating entity for the ADNOC Group, the Abu Dhabi state oil giant said in a statement. Named…

Asharq Al-Awsat

Aramco Says Oil Demand is Nearing Pre-COVID Levels

Saudi Aramco said oil demand is nearing pre-COVID levels and reiterated that producers globally are investing too little in supply. "We are getting very close to pre-pandemic levels," CEO Amin Nasser according to Bloomberg.

Asharq Al-Awsat

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Special Saudi Committee Aims to Support Localization of Energy Sector

Saudi Minister of Energy Prince Abdulaziz bin Salman revealed the imminent formation of a committee to localize the energy sector in the country under the umbrella of the Supreme Committee for Energy Mix Affairs for Electricity Production and Enabling Renewable Energy Sector, with the aim to achieve greater cohesion and…

Asharq Al-Awsat

IKTVA Forum Kicks Off to Discuss Developing Energy Supply Chain Sector in Saudi Arabia

The In-Kingdom Total Value Add (IKTVA 2022) has kicked off on Monday, highlighting the oil giant’s role in boosting local opportunities in Saudi Arabia. Saudi Aramco organized the three-day event, held at the Dhahran Expo Center in the Kingdom’s Eastern Province, to allow business partners to meet and discuss the…

Asharq Al-Awsat

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