Aramco Set to Invest $300 billion over 10 years in Oil and Gas Projects

When complete, the complex will supply a total of 75,000 metric tonnes of industrial gas including 20,000 tonnes of oxygen and 55,000 tonnes nitrogen per day for 20 years to Saudi Aramco’s refinery.
While speaking at the ADIPEC Energy Conference in Abu Dhabi, Aramco CEO, Amin Nasser, declared Saudi Aramco's plans to invest $300 billion over 10 years in upstream oil and gas projects.

Saudi Arabia

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War in Yemen

Saudi Arabia to Reopen Yemen’s Ports Amid Global Outcry

Saudi Arabia said Monday that the Saudi-led coalition fighting Shiite rebels in Yemen will begin reopening airports and seaports in the Arab world’s poorest country, ...


Credit Risk

Saudi Arabia Credit Risk Surges Most in Almost Two Years

The cost of insuring Saudi Arabian debt against default through five-year credit-default swaps soared more than 20 basis points last week amid an anti-corruption purge ...


Shake up in Saudi

How Saudi Crown Prince purged royal family rivals

In the past few decades, every Saudi king had one or two of his brothers, sons or nephews by his side advising and sharing in ...


Saudi Oil Policy

Analysis: What the Saudi Arrests Mean for the Kingdom’s Oil Policy

Foreign investors' appetite for a piece of a partially-privatized Saudi Aramco will not depend on whether the price of oil at the time of listing ...


Saudi Aramco IPO

Saudi oil giant Aramco hasn’t decided whether to heed Trump on stock market listing

Saudi Arabia’s state-owned oil company will go public on a foreign stock market next year, but leaders have yet to decide if they will follow President ...


Saudi Succession

Saudi Officials Deny Reports of King’s Abdication Plan

“There is no possibility whatsoever that the king will abdicate,” a senior Saudi official told Bloomberg news on condition of anonymity, noting that Saudi kings ...


Saudi Aramco

Saudi Aramco inks eight agreements worth nearly $4.5bn

Saudi Aramco has announced that it has signed eight agreements, with a total value of nearly $4.5bn, with several oil and gas service contractors. ...



Saudi Arabia’s PIF mulls launch of ‘heli-taxi’ company

Saudi Arabia's sovereign wealth fund, Public Investment Fund (PIF), outlined its plans to launch a company that would act as the operator of 'heli-taxis' in the ...


Aerial Archeology

Aerial Images May Unlock Enigma of Ancient Stone Structures in Saudi Arabia

These are the "Works of the Old Men," according to the Bedouin when first questioned in the 1920s. And although ancient peoples evidently had their ...


King Abdullah Financial District

Saudi Arabia is building the King Abdullah Financial City

Designed by architecture firm Henning Larsen, the 17.2 million-square-foot master plan calls for over 60 residential, office, and retail towers, several schools and parking garages, ...


Saudi +

Regional and related topics

Saad Hariri

Hariri warns Lebanon faces Arab sanctions risk, to return in days

Saad al-Hariri warned on Sunday Lebanon was at risk of Gulf Arab sanctions because of the Shi‘ite group Hezbollah’s regional meddling and said he would ...


Boeing Dreamliner

In boon to Boeing, Emirates orders 40 Dreamliners worth $15.1 billion

Emirates, the world’s largest airline and biggest operator of wide-body aircraft, agreed to buy 40 Boeing Dreamliner 787-10 jets in a deal valued at a ...


The Atlantic

Al-Qaeda Has Rebuilt Itself—With Iran’s Help

Interviews with al-Qaeda members and bin Laden’s family reveal a pact that allowed the group to prepare for its next phase. ...



In Break From Obama, Trump Embedding More U.S. Forces With Afghan Combat Units

Several years after pulling back, American troops will head outside the wire to battle the Taliban and turn up the air war. ...


Iran in the Region

Iran building permanent military base in Syria – claim

Iran is establishing a permanent military base inside Syria, a Western intelligence source has told the BBC. The Iranian military is said to have established a ...



Bahrain calls pipeline blast ‘terrorism’ linked to Iran

Bahrain said an explosion which caused a fire at its main oil pipeline on Friday was caused by “terrorist” sabotage, linking the unprecedented attack to ...


Arab League

Saudi Arabia requests Arab League meeting on Iranian ‘violations’: report

The Arab League will hold an extraordinary meeting next Sunday at the request of Saudi Arabia to discuss "violations" committed by Iran in the region, ...


Shake up in Saudi

Kuwait banks told to examine Saudi accounts after arrests: sources

Kuwaiti banks have been told by the central bank to provide account details relating to some Saudi Arabian nationals, sources familiar with the situation told ...



Israel says US-Russia ceasefire deal in Syria does not meet demands

Ministers offer lukewarm reception to pact removing foreign fighters from Golan, hint IDF will continue to act across border ...



Large religious protests halt traffic in Islamabad and Rawalpindi

Thousands of religious protesters converged on the capital Saturday in a growing confrontation with the Pakistani government over official attempts to amend a law that ...



Strong earthquake hits Iraq and Iran, killing more than 300

More than 300 people were killed in Iran when a magnitude 7.3 earthquake jolted the country on Sunday, state media said, and rescuers were searching ...


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