USD ЦБ — 57,17 +0,29
EUR ЦБ — 70,34 +0,15
Brent — 68,95 −1,25%
March, Thursday



Question of the week

Will the russian Turkish stream be launched, or an apology to Erdogan is not enough?

poll archive

News // Поиск по тегу 'saudi arabia'

Rosneft says oil production cuts may not be extended

Rosneft sees a lack of will among the main signatories to the OPEC/non-OPEC deal and U.S. shale production as the main risks to a possible extension of the global supply cut deal.

14 March 2017 , 17:29Neftegaz.RU0

Saudi/Russian vow to fortify oil cutbacks undercut by Iraq promising production hike to 5 mln bpd

Saudi Arabia and Russia presented a united front on compliance - only to have the rug pulled out from under them by Iraq boasting that it will be able to produce 5 mln barrels per day (bpd) by the 2nd half of this year.

09 March 2017 , 18:00Neftegaz.RU0

Saudi Arabia is all set for the world's biggest IPO

Saudi Arabia is aiming to sell 5 % of Saudi Aramco. The share sale would be worth $100 bln, 4 times the world's biggest IPO of Alibaba.

06 March 2017 , 15:21Neftegaz.RU0

Saudis and Angola overtake Russia in January exports to China

Saudi Arabia has regained its position as top oil supplier to China in January, overtaking Russia which was last year’s biggest supplier to China after having pushed the Saudis from the top spot.

27 February 2017 , 10:38Neftegaz.RU0

Siemens to supply five large gas turbines to Saudi Arabia

Siemens has received an order for five F-class gas turbines for a combined heat and power (CHP) plant in the Kingdom of Saudi Arabia. 

23 February 2017 , 21:09Neftegaz.RU0

Petrofac is hoping to make headway in Russia and swings into the green in 2016

Petrofac swung to a profit last year as project activity picked up pace in the 2nd half, signalling a market rebound with new opportunities in downstream.

23 February 2017 , 12:10Neftegaz.RU0

Saudis lose South Korea oil market share to Iran as Iraq accelerates its own export plans

How much patience Saudi Arabia will have for other OPEC members not pulling their weight under the cartel's oil cutback agreement has taken on with news that the kingdom is losing a share of South Korea's oil market to Iran.

20 February 2017 , 15:23Neftegaz.RU0

China boosts russian oil imports as Brent/Dubai spread shrinks

China’s independent refiners, the so-called teapots, are importing Russia’s Urals grade with the drop in the Brent/Middle East spreads.

15 February 2017 , 18:00Tsvetana ParaskovaNeftegaz.RU0

Is the Kremlin funding a campaign that undermines U.S. fracking?

The recent National Intelligence Council report assessing the involvement of Russia in last year’s U.S. presidential elections spurred a flurry of media reports suggesting that Russia is heavily involved in anti-fracking campaigning. Some authors interpreted this involvement as a propaganda effort, while others claimed the Kremlin was financially backing anti-fracking groups in the U.S., without, however, providing any evidence for this claim.

06 February 2017 , 00:06Irina SlavNeftegaz.RU0

Engie wins EPC contract for $1.2 bln in Saudi Arabia

Engie said it has been awarded the contract, and achieved financial closing, for the greenfield co-generation Fadhili independent power project (IPP) in eastern Saudi Arabia.

30 January 2017 , 18:00Neftegaz.RU0

Saudi Arabia will not reduce its oil exports to Japan despite the OPEC cut agreement

Crude oil shipments to Japan from its biggest supplier, Saudi Arabia, won’t be impacted by the agreement between OPEC and non-OPEC countries to cut output.

27 January 2017 , 18:00Neftegaz.RU0

Trump's America energy 1st plan greeted politely by OPEC and Russia

Trump has reiterated his vow to make America energy independent by releasing an America 1st Energy Plan whose highlights include taking advantage of the country's estimated $50 trln in untapped shale, oil, and natural gas reserves.

25 January 2017 , 12:11Neftegaz.RU0

Energy Minister Novak: Russia has reduced oil production by 100,000 bpd

Russia lowered its oil output in the wake of a landmark deal struck in November by the OPEC to spur prices through reduced production.

23 January 2017 , 10:37Neftegaz.RU0

Halliburton pens deepwater tech deal with Petrobras

Oilfield service provider Halliburton has signed a technology cooperation agreement with Brazilian oil company Petrobras for advanced collaboration in deepwater pre-salt and mature fields.

12 January 2017 , 16:04Neftegaz.RU0

Wood Group secures multi-million dollar Saudi Aramco contract

Wood Group has secured a 5-year multi-million dollar framework agreement with Saudi Aramco to continue providing engineering and project management services to its onshore capital programmes in the Kingdom of Saudi Arabia.

11 January 2017 , 10:11Neftegaz.RU0

Saudi's Islamic Development Bank to offer $500 mln loan for TAPI project

Saudi Arabia-based Islamic Development Bank had agreed to provide $500 million loan to part-finance the $15 billion Turkmenistan-Afghanistan- Pakistan-India (TAPI) natural gas pipeline project.

07 December 2016 , 12:11Neftegaz.RU0

Russia’s Central Bank sticks to oil price forecasts

Еhe central bank of Russia has no plans to revise its current oil price estimates for the next 12 months despite the OPEC deal that saw international oil benchmarks pass the US$50 barrier and stay above it for a week now.

07 December 2016 , 10:07Irina SlavNeftegaz.RU0

OPEC has reportedly agreed a production cut — and oil is going wild

The price of oil is surging after reports that the oil producers cartel OPEC has agreed a deal to cut output.

30 November 2016 , 18:04Neftegaz.RU0

OPEC focusing Pre-Vienna diplomacy on Iran, Russia - which is holding firm on a production freeze, not cut

With only a few days to go before OPEC Vienna meeting to ratify its oil cutback deal, and amid disturbing developments such as Saudi Arabia saying it will not attend a pre-meeting of non-OPEC members.

28 November 2016 , 11:03Neftegaz.RU0

Maduro: Venezuela has the OPEC deal in the bag

After earlier this week OPEC tabled the issue of Iran’s and Iraq’s participation in the OPEC deal until November 30, the markets might have thought there would be little jawboning left to do until that day. But not so fast.

25 November 2016 , 17:37Julianne GeigeNeftegaz.RU0

Neftegaz.RU context