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Saudi Arabia Oil Industry News


Occupying four-fifths of the Arabian Peninsula, Saudi Arabia has about one third of the world reserves of petroleum. Saudi Arabia is the largest petroleum producer of OPEC, and one of the leading oil exporters of the world. Oil can be retrieved so inexpensively since it is so close to the surface. Saudi Arabia can control prices since it also has the world's largest developed reserve pumping capacity for oil.

Saudi has over 300 recognized reservoirs, with 90% of it's oil coming from the five super giant fields. There have been no new discoveries of giant fields since the 1970's. Saudi Arabia's most significant oil field is Ghawar. Ghawar is the world's largest oil field and accounts for 55% - 60% of all Saudi oil produced.
 
Current Saudi Arabia Oil Industry News
Saudi oil, - Bing News
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Iraq: BP, Chinese win lucrative oil contract - CNN
BAGHDAD, Iraq (CNN) -- Iraq awarded a lucrative oil contract to BP and China National Petroleum Corp., government spokesman Ali al-Dabbagh said Wednesday, while rejecting other companies' offers for other oil fields. BP and China National Petroleum ...
Publ.Date : Wed, 01 Jul 2009 14:19:00 GMT

Gulf bourses muzzy pending Q2 results - Saudi Gazette
JEDDAH - Uncertainty prevailed at most of Arab stock markets this week as investors awaited the release of second-quarter corporate results, which they believed would decide the course of regional markets in the coming stage, financial analysts said ...
Publ.Date : Fri, 03 Jul 2009 23:43:00 GMT

Competition for remaining oil will be fierce - Lincoln Journal Star
Author’s note: I wrote this column in 2004, and it was published under the heading “$2 gas may soon seem cheap.” I add some current thoughts at the end. We’ve heard dire warnings of impending oil shortages all our lives, but this time the ...
Publ.Date : Sat, 27 Jun 2009 05:27:00 GMT

Amnesty: Israel used human shields in Gaza - Arab American News
JERUSALEM — Amnesty International on Thursday accused Israeli forces of war crimes, saying they used children as human shields and conducted wanton attacks on civilians during their offensive in the Gaza Strip. The London-based human rights group ...
Publ.Date : Fri, 03 Jul 2009 23:07:00 GMT

AGRICULTURE-ETHIOPIA: Can Foreign-Owned Farms Solve Food Crisis? - Inter Press Service
ADDIS ABABA, Dec 13 (IPS) - Tola Melka was planning to throw a traditional party at his shanty home in rural central Ethiopia, anticipating a bumper harvest. He was grief-stricken in late October when unexpected rains totally destroyed his almost ...
Publ.Date : Fri, 03 Jul 2009 23:50:00 GMT

Saudi shifts focus to gas as oil expansion ends - Tehran Times
RIYADH (Reuters) -- Saudi state oil giant Aramco is shifting its exploration and production focus to gas to meet rapidly rising domestic demand as its program to expand oil capacity comes to a close. Falling global oil consumption has left the ...
Publ.Date : Sun, 28 Jun 2009 01:30:00 GMT

Saudi to cut price of heavy crude to Asia - Gulf Times
Top oil exporter Saudi Arabia will cut or keep steady the official selling prices (OSPs) of most of its crudes to Asia for August as refining margins come under pressure, refiners and traders polled said yesterday. The eight refiners and traders ...
Publ.Date : Fri, 03 Jul 2009 19:39:00 GMT
Saudi Arabia Oil & Gas Industry Links


United States Government

United States Department of Energy - Energy Information Administration - Country Brief -Saudi Arabia


CIA World Factbook on Saudi Arabia

U.S. State Department's Consular Information Sheet -Saudi Arabia

Associations and Institutions

Middle East Institute

The Saudi Arabia Information Resource

OPEC

World Energy Council (WEC)

Governmental Agencies

Ministry of Petroleum and Mineral Resources

Royal Commission for Jubail and Yanbu

Oil & Gas Industry News
 
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