| 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 |
Updated :
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
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
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
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
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
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
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
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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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