Saudi Arabia Review

Saudi Aramco by constantly maintaining production ensures market stability, which is not only essential for economic recovery today but is also necessary for sustaining long-term global growth and prosperity, says company CEO KHALID AL FALIH Saudi Aramco plans to invest $35 billion over the next five years in projects to protect an oil production capacity cushion the world still relies on despite a shale oil boom and weak demand, the head of the world’s biggest oil producer says...






The petrochemical industry and the oil and gas fraternity are pushing for renewable energy, so that the gas can be freed from utilities to the more lucrative industries THE head of the world’s largest petrochemical company, Mohamed Al Mady, the vice-chairman and CEO of Saudi Basic Industries Corporation (Sabic) says the dynamics of petrochemical industry is set to change, once again...






For the first time in its 80-year history, Aramco has started using an advanced drilling ship designed to carry out operations in deep waters in order to find oil and gas SAUDI Aramco will step up its efforts to explore and develop more gas wells across the Kingdom to meet the requirements of electric power generation, Petroleum and Mineral Resources Minister Ali Al Naimi says...






SAUDI Aramco is to issue tenders for the engineering, procurement and construction (EPC) contracts at its Ras Tanura oil refinery’s clean fuels and aromatics project in the Eastern Province in March 2013...






Maintaining their status as global challengers, the two firms continue to impress with their scale, international market positions and excellence in operations OUT of six companies from the Middle East included in the Boston Consulting Group ’s (BCG) list of 100 Global Challengers from emerging markets that are tipped to reshape industries around the world in the future, two are from Saudi Arabia – notably Saudi Aramco and Saudi Basic Industries Corp (...






The innovative oil project will make an outstanding contribution to the success of the firm and highlight the technical capability of the local industry on the world stage DECADES ago, engineers turned off the taps at Manifa offshore oil field because the challenges of getting the vast amount of heavy crude out of the ground were too great. Now, with new technology, Saudi Aramco engineers are preparing to turn Manifa’s taps back on in March 2013, and they are already...






STATE oil giant Saudi Aramco, plans to drill seven gas exploration wells in deep and shallow water in the Red Sea, off the coast of the northwestern city of Tabuk, the firm’s chief executive Khalid Al Falih says...






In 2010, the joint-venture firm said it had raised $8.5 billion towards the $12.8 billion project and issued in 2011 3.75 billion riyals Islamic bonds to help pay for it SAUDI Aramco says its oil refinery joint venture with France’s Total will double capital investment to 7.12 billion riyals ($1.90 billion) at Jubail, the largest industrial city in the region. Saudi Aramco Total Refinery and Petrochemicals Company (Satorp) will increase spend at the site from 3.56...






Field services companies will be carrying out all underground activities which will include fracturing (fracking) the rock as well as drilling the wells THE state-owned Saudi Aramco has asked US oilfield services firms Halliburton and Schlumberger to begin carrying out feasibility studies for the production of shale gas as early as possible, hoping the gas will be on stream seven years ahead of a previous schedule. Seismic surveys are currently...






At least three foreign firms have already abandoned their searches for commercially viable gas deposits beneath the sand dunes that cover south east Saudi Arabia ROYAL Dutch Shell is set to pull out soon from a joint venture that has searched for gas in Saudi Arabia’s Empty Quarter for years, due to disagreements with the government over terms, four industry sources familiar with the matter say...






Being the lowest source of fuel has also been one of the most important incentives offered by the government for international oil companies (IOCs) to invest THE state-owned Saudi Aramco in 2013 is expected to raise domestic prices of natural gas, including feedstocks to the petrochemical sector and fuels to the local refineries. These two sectors will be badly affected as the current prices are the lowest in the world. It is not yet clear whether Saudi...






In 2011, Sabic’s direct value-added contribution to the GDP was about 2 per cent. Its private sector GDP contribution was about 9 per cent, and its contribution to the industrial non-oil sector GDP was 34 per cent IRRESPECTIVE of what the global economic conditions may be, the manufacturing sector remains a key part of any national economy; and Sabic, as a world-leading manufacturer, is a strategic enabler of growth and job creation, playing a decisive part in Saudi Arabia’s socio-economic development...






The agreement will lead to the establishment of a CO2 research centre at Daejeon in South Korea SAUDI Aramco and Korea Advanced Institute of Science and Technology (Kaist), a leading world research institution, have announced they will establish a CO2 Research Centre to jointly collaborate in research and development of innovative technologies and solutions to address the world’s energy...






The company’s new office in Jeddah will serve as a scientific arm key for its operations in the Western Province, 3M area leader for strategic planning, marketing excellence and mergers and acquisitions MANOHAR RAGHAVAN tells K S SREEKUMAR DIVERSIFIED technology company, 3M says that sustained growth that it has been registering across the Middle East and Africa region is a reflection of the increasing acceptance of its technologies that is reinforcing its overall presence in the region...






The joint venture aims to become the number one process equipment manufacturer in Saudi Arabia by 2020, general manager AYMAN A ALHOTI tells K S SREEKUMAR TITANIUM and Steel Manufacturing Company (TSM Arabia) a SR100 million ($26.63 million) joint venture between Saudi Steel Pipe Company (70 per cent) and TSM Tech Company (30 per cent) of South Korea will start commercial production from May 1, 2013, says TSM Arabia general manager Ayman A AlHoti...






Among the high-profile projects being executed by QCS is Manifa Phase 1, where the company is inspecting pipelines on the ship and under the sea using UT scan technique in association with its joint venture partner Canadian company UTQuality SAUDI-BASED Quality Control Services sees boom times for it in the kingdom over the next five years...






The engineering and general machining subsidiary of the Saudi-based Olayan Group and UK-based Weir Group has recently more than doubled its size WEIR Arabian Metals Company (Amco Weir) is an engineering and general machining subsidiary of the Saudi-based Olayan Group and UK based Weir Group. The joint venture (JV) company is a key service provider to the oil field industry...






Hempel has been serving prestigious clients in the oil and gas and other sectors for the last three decades A LEADING and reliable supplier of quality protective and marine coatings worldwide, Hempel has been serving prestigious clients in the oil and gas, petrochemical and other emerging sectors for the last three decades...






Bauer Kompressoren’s TCom Trailer has been built for the fire service to take on any heavy duty job HIGH pressure breathing air professional Bauer Kompressoren offers TCom Trailer – a rugged trailer built for the fire service, rather than a cheap lightweight imitation. “Our TCom Trailer designs are powered by a unique diesel/electric dual drive system. Each system is equipped with a two position...






A family business headquartered in Al Khobar, Artcco has come a long way since it was established in 1974, primarily as an importer and exporter of commodities on big supply contracts in Saudi Arabia. It has since made a name for itself MOR three and a half decades Al-Reziza Trading & Contracting Co (Artcco) has been diligently serving the specialist equipment needs of major oil and gas companies in Saudi Arabia, established in the process a proven track record for reliability and excellence...






SAUDI Aramco plans use a record number of rigs this year, more than 170, to search for unconventional gas while drilling for oil needed to maintain the world’s biggest spare capacity cushion, three industry sources in Saudi Arabia say...






The company has successfully helped Saudi Arabia to host its own focused oil and gas show – the Saudi Arabia International Oil and Gas Exhibition and Conference INTERNATIONAL Exhibition Services (IES) continues to maintain its reputation for organising high quality international trade events in established, as well as the world’s new emerging market economies...






Fahad Al Suwaiket and Bader Al Busaies Company (Al Suwaiket and Al Busaies) is the first legal company to provide comprehensive legal services in Al Khobar, Eastern Province of Saudi Arabia THE rapid growth of Saudi Arabia’s economy and the diverse activities carried out by both the government and the private sector has necessitated the establishment of specialised competent legal firms in Saudi Arabia...






Tags