Saudi Arabia Review

Despite being a prolific oil producer, much of Saudi Arabia remains underexplored, holding the potential of even greater hydrocarbons rewards. This has prompted setting up of a large capex programme of $125 billion over the next four years SAUDI Arabia, the world’s largest oil exporter, has set a goal of adding 160 billion barrels to the kingdom’s oil reserves, a 20 per cent increase on current levels, Saudi Aramco CEO Khalid Al Falih says, as the company looks to continue efforts to find new Saudi oil and gas resources from both...






Saudi Aramco will add 200,000 barrels per day of Arabian Heavy production from Manifa field by the middle of the year, and plans to push the field to full capacity SAUDI Aramco’s Manifa project earned a place among the world’s best integrated projects, as a finalist in the International Petroleum Conference’s 2014 Project Integration award in Doha, Qatar. The project was lauded for its achievements in creating the largest extended reach drilling project in the...






The firm is currently in talks with a few big names in the US for investment in shale gas. However, there won’t be any major investment in the coming two to three years SAUDI Basic Industries Corporation (Sabic) expects to follow the US and several other states into the shale market this year to firm up its presence in the global hydrocarbon field.The company also pledged to support Saudi industries with products it manufactures so local industries can benefit from...






At present, Saudi Aramco is depending on the contracted services of Schlumberger, Halliburton and Baker Hughes in its search for non-conventional petroleum SAUDI Arabia will be a shale gas producer in the Middle East from late 2019 or early 2020. The state-owned Saudi Aramco has fast-tracked exploration phase and will do the same in developing whatever will be discovered in the coming years. This is in view of rapidly rising domestic demand for natural...






Another 400,000 bpd facility in the western Saudi city of Yanbu is scheduled to begin by the Q3. The 400,000 bpd Jizan refinery is scheduled for start-up in 2016. The UAE aims to start up a 417,000 bpd expansion at its Ruwais refinery by the end of 2014 SAUDI Aramco’s 400,000 barrel per day refinery in Jubail is in the final stages of start-up and is expected to be fully operational by mid-2014, a senior official involved in the project says.The Satorp refinery, owned 62.5 per cent by Aramco and 37.5 per cent by France’s Total, is commissioning the...






In high temperatures in the Middle East, Hughes modular shelter is easy and quick to erect, an essential feature for rapid deployment FOLLOWING the Fire Safety Technology Forum and exhibition in Dubai in March, Hughes Middle East was invited to give a series of demonstrations of the Hughes Articulated Rapid Deployment (Hard) shelter. The exhibition was an opportunity to promote the benefits of this innovative modular shelter...






UAE-based Hidayath Heavy Industry (HHI) has successfully tested the high pressure skid lines with 430.5 barg [6244 PSI].The Hidayath Group is at the cutting edge of the international steel and allied metal market. Founded in 1976, Hidayath has rapidly evolved over almost four decades of innovation...






At present, the company has a total of 18 branches, 14 in Saudi Arabia and four overseas. It has over 1,200 employees with a high percentage of Saudis IT WAS 30 years ago that Alaa for Industry (AFI) was founded with its first showroom and workshop in Dammam. The company started as a distributor for hydraulic components and seals in 1984. Eventually, it grew and opened new branches in Riyadh and Jeddah. “In 1993, we opened our first overseas...






The Saudi-based firm eyes opening a new industrial gases filling station in the kingdom by April this year NEXT year Saudi Industrial Gas Company Limited (Sigas) will celebrate its 60th year of service in Saudi Arabia. It will be a time to reflect on the company’s distinguished history, initially as the country’s first industrial gases company back in 1955 and its impressive evolution since.The company...






Al Suwaiket and Al Busaies provide comprehensive legal services in Saudi Arabia THE rapid growth of Saudi Arabia’s economy and the diverse activities carried out by both the government and the private sector have necessitated the establishment of specialised competent legal firms in Saudi Arabia.With more and more experienced professionals joining the specialised legal firms in...






The company operates from its main locations in Al Khobar, Riyadh, Jeddah and Al Madinah SAUDI Diesel Equipment Company (SDEC), formerly known as Saudi Diesel Generators Company, was established in 1978. SDEC is part of the Tawad Group of Companies that includes Universal Motor Agencies, Barwil Shipping, Saudi Amana Construction, TATS, and PLC Arabia.  Although started as a power...






Aberdeen Business School is working with MDCI (UK) in the Middle East, which has over 20 years of experience supporting busy executives complete their studies THE energy sector is a dynamic and demanding industry, continuously facing challenges and experiencing exciting new developments. Global competition is forcing all organisations operating within this industry to invest in its staff and develop strong management competencies, providing career...






Saudi Arabia has been able to sustain high economic growth rates over the past decade, which contributed to an unprecedented increase in demand for energy ENERGY efficiency and diversity of fuel mix are rational choices; and there are countless examples and good practices that can be found around the globe, says Khalid Al Falih, president and chief executive officer of Saudi Aramco.He was speaking ahead of the World Economic Forum in Davos...






The Unconventional and Reservoir Productivity Technology Centre provides a base to develop strong relationships with local universities such as KFUPM SAUDI Arabia is keen to become a leading exporter of technological solutions and a valued contributor to the global pool of knowledge and innovation, said Saudi Aramco president and CEO Khalid Al Falih. The opening of Halliburton’s new Unconventional and Reservoir Productivity Technology Centre in...






Spearheading the kingdom’s petrochemical expansion, Aramco hopes to join Saudi petrochemicals giant Sabic as one the world’s top three global petrochemical producers, but its lack of in-house expertise means it will need to find partners THE cheap and abundant feedstock provided by surging domestic production of natural gas liquids (NGLs) has triggered some soul-searching among all-powerful hydrocarbon producers in the Middle East. For some states like Qatar and the UAE, taking a hit on petrochemicals expansion is unfortunate, but...






METSO has received a large order to be delivered to Saudi Aramco’s petroleum refining and petrochemical production complex currently under construction.The order includes a considerable number and wide range of Metso’s Neles rotary and globe valves and Jamesbury valves, including control, on-off and...






The growth of Saudi petrochemicals in just four decades to a world-class pillar of the economy worth $354 billion is evidence for the success of diversification A NATIONAL taskforce empowered to unite private and public sector initiatives is needed to drive further downstream diversification of the Saudi economy, says Mohamed Al Mady, Sabic vice chairman and CEO.Al Mady calls for a step change in the country’s approach to downstream based on the Royal...






Research and innovation are the core of SPADC, which is in alignment with Saudi Arabia’s industrial, economic, and academic aspirations THE Saudi Arabian Basic Industries Corporation (Sabic) has opened a new, state-of-the-art facility under the patronage of Prince Khaled Bin Bandar Al-Saud, Governor of Riyadh.The Sabic Plastics Application Development Centre (SPADC), a cutting-edge facility focused primarily on research and...






The Saudi Minister of Petroleum and Mineral Resources Ali Al Naimi says the challenge before the kingdom is its huge workforce ALI Al Naimi, the Saudi Minister of Petroleum and Mineral Resources, has paid a visit to several new economic ventures in the cities of Ras Al Khair and Jubail.The visits provided him an opportunity to assess the progress of a kingdom-wide initiative to create job opportunities and economic...






Johns Hopkins Aramco Healthcare is expected to fuel clinical innovation, serve as a model and contribute to the development of the healthcare industry SAUDI Aramco, a fully integrated global energy and chemicals enterprise, and Johns Hopkins Medicine, a leading US academic health system with extensive experience in elevating care delivery worldwide, has inaugurated a first-of-its-kind healthcare joint venture in Dhahran, Saudi Arabia.The new...






Once completed, the chemical plant the company is working on will represent the largest petrochemical facility ever built in a single phase THE UK-based heavy-lifting major Ale has been selected to complete 161 installations at a chemical plant in the Eastern province of Saudi Arabia. The loads ranged from 25 tonne (t) to 1,329 t and were to be installed to the Mixed Feeder Cracker (MFC).  Once completed, the complex will represent...






The new Centre in Cambridge is part of the firm’s ambitious R&D programme, which is positioned to seek breakthrough achievements that address long-term challenges THE Aramco Research Centre in Cambridge has opened as the first of three US-based research and development centres aimed at expanding the global research network and capability of Saudi Aramco, the world’s leading fully integrated energy and chemicals enterprise. The new research centre, owned and...






 A SPECIALISED valves manufacturer for oil and gas industry in Saudi Arabia that has been in operation since year 2003, Industrial Valves Manufacturer (IVM) is the first producer in the Saudi market to be approved in steel valves by the Saudi oil and gas operators such as Saudi Aramco and Sabic...






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