| 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.
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| Current Saudi Arabia Oil
Industry News |
HOUSTON (Reuters) - The world's top oil producer and consumer agreed on one thing when they took the podium at a high-profile energy conference Tuesday: The world is unlikely to kick its oil habit anytime soon. Representing Saudi Arabia, the world's ...
Publ.Date : Tue, 09 Mar 2010 23:05:00 GMT
Somali pirates have captured a small Saudi tanker and its crew, the EU naval force in the Gulf of Aden says. The tanker, travelling from Japan to Jeddah, was empty when pirates hijacked the vessel and took its crew captive. The MT Nisir Al Saudi was ...
Publ.Date : Wed, 03 Mar 2010 11:23:00 GMT
RIYADH: Somali pirates have hijacked Al-Nisr Al-Saudi, an empty Jeddah-bound Saudi oil tanker, and are demanding $20 million in ransom, a spokesman for the ship's owner confirmed to Arab News on Wednesday. Muneer Ahmed M. Yunus, a spokesman of the ...
Publ.Date : Thu, 04 Mar 2010 06:57:00 GMT
TOKYO, March 10 (Reuters) - Top crude oil exporter Saudi Arabia will keep supply at full contracted volumes in April to most Asian term buyers, except for a major buyer who will receive 10 percent less than nominated volumes. Saudi Arabia will ...
Publ.Date : Wed, 10 Mar 2010 03:51:00 GMT
ABU DHABI — Somali pirates have captured a Saudi crude oil tanker with a crew of 14. The tanker, identified as Al Nisr Al Saudi, was intercepted and boarded by Somali pirates in the Gulf of Aden on March 1. The European Union Naval Force confirmed ...
Publ.Date : Wed, 03 Mar 2010 23:55:00 GMT
HOUSTON -- Despite slowing some projects last year, Saudi Arabia's national oil company is sticking fast to its expansion plans while cautioning the world against "wishful thinking" on alternative energy sources. After $62 billion in investments over ...
Publ.Date : Tue, 09 Mar 2010 22:22:00 GMT
www.companiesandmarkets.com/Summary-Market-Report/saudi-arabia-u .. Saudi Arabia Upstream Oil & Gas Fiscal Regime: 2010 Saudi Arabia upstream oil and gas fiscal regime report is an essential source for information related to the upstream fiscal ...
Publ.Date : Tue, 09 Mar 2010 12:56:00 GMT
RIYADH-- Saudi Arabia's King Abdullah said on Sunday that the oil giant would maintain its moderate policies which had helped limit the damage of the global financial crisis. "The kingdom has continued to be moderate in its approach to the global oil ...
Publ.Date : Sun, 07 Mar 2010 14:25:00 GMT
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| Saudi Arabia Oil & Gas
Industry Links |
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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
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