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OPEC

KAPSARC Report: The $200 Billion Annual Value of OPEC’s Spare Capacity to the Global Economy

aramco-oil-gas-energy
A recent peer-reviewed report by the King Abdullah Petroleum Studies and Research Center (KAPSARC) finds that OPEC’s spare capacity reduces oil price volatility and generates between $170 and $200 billion of annual economic benefits for the global economy.

SAUDI ARAMCO

Saudi Aramco, US Firm NOV Sign Deal for Onshore Oil Rigs, Equipment

Falih-MBS-Nasser
Saudi Aramco signed a deal with Houston-based National Oilwell Varco Inc. (NOV) to form a joint venture to make onshore rigs and equipment in Saudi Arabia, according to a press release by Aramco and reported in several news outlets.
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