Saudi Arabia Review 2017

Saudi Aramco plans to spend some $334 billion over 10 years on major projects. The state firm also will accelerate investments in new fields including Safaniya, Marjan and Zuluf fields to maintain steady production over the coming years...






This acquisition will enable Sabic to further optimise operations at Sadaf and further invest in the facilities, integrating them with Sabic’s other affiliates...






The Saudi renewable energy portfolio is being managed by the energy ministry, and a team within it is in charge of the tendering process, while the Electricity and Co-Generation Regulatory Authority will serve as regulator...






Of the more than 10 million barrels per day (mbpd) of crude oil Saudi Arabia produces, domestic consumption accounts for a whopping 1.5 mbpd-2 mbpd...






With the global population forecast to grow from 7.3 billion in 2015 to 9.7 billion in 2050, the industry is forecast to retain, and build upon, its influential place...






Middle East oil and gas firms understand that for cybersecurity there is not a quick fix. They must relentlessly work to continually improve their risk management, RICH MCAVEY, research vice president, Oil and Gas, Gartner, tells K S SREEKUMAR...






The firm has 10,000 sq m of covered warehouse space and 5,000 sq m of paved storage area in each of its three warehouses in Riyadh, Jeddah and Al Khobar...






Saudi Aramco aims to begin production at a shale gas project in the north of Saudi Arabia this year, contractors based in the kingdom say...






The firm’s top clients include Saudi Aramco, Sabic, Sadara, Samref, Satorp, Sasref and Saudi Chevron...






Saudi Basic Industries Corporation (Sabic), a manufacturing company involved in chemicals and more, signed an agreement with Chinese state-owned Sinopec Group for new joint projects and potentially increased investment in an existing joint venture. Speaking at the China Development Forum in Beijing...






The new Dammam site is currently undergoing site and vendor approval, as well as refitting, with occupation expected by mid-2017. The site acquisition marks the latest stage of a relationship with Aramco which began in 1999...






Chinese companies can benefit from the kingdom’s strategic location on the Maritime Silk Road by establishing manufacturing, logistical and R&D bases, especially on the west coast of Saudi Arabia, says Aramco President and CEO Amin Nasser...






Leaders need to be able to harness disruption, and even instigate it. In order to be disruptive, one needs to adopt a new mindset that challenges the status quo and do something entirely different to provide the market with new, valuable solutions...






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