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Eye of Riyadh

Saudi energy minister participates at UN climate change summit
Environment & Energy | Wednesday 5 December, 2018 2:46 am
The Minister of Energy, Industry and Mineral Resources headed Saudi Arabia’s delegation on Tuesday to the Summit of the Heads of States’ Parties at the UN summit on Climate Change. Minister Khalid Al-Falih is participating on behalf of Saudi Arabia’s King Salman, from Dec. 2 to...
Saudi Energy Minister to Bloomberg Television: Premature to Say if OPEC+ to Cut Output
Environment & Energy | Tuesday 4 December, 2018 3:14 pm
In an interview with Bloomberg Television, Saudi Arabia’s Energy Minister Khalid Al-Falih said it was premature to say if OPEC+ will cut output.    Speaking to Annmarie Hordern, Al-Falih added:   Uncertain what size supply cut the world needs It’s OPEC+...
Saudi Aramco Awards BHGE Major Well Services Contract for Conventional Fields in Saudi Arabia
Environment & Energy | Tuesday 4 December, 2018 1:14 pm
Baker Hughes, a GE company (NYSE:BHGE) has been awarded a major stimulation and well-testing contract by Saudi Aramco to be a partner in optimizing production from new and existing wells across conventional fields in Saudi Arabia.    Demonstrating the strength and breadth of its...
Saudi minister: OPEC+ deal ‘supports global economy’
Environment & Energy | Monday 3 December, 2018 6:47 am
Saudi Arabia’s energy minister said on Sunday that an agreement to cut oil output had helped stabilize the market, as Russian President Vladimir Putin signaled the deal will be extended.   Khalid Al-Falih, on a visit Bogota, met with Maria Fernanda Suarez, Columbia’s...
SEC inks SR8 billion credit facility deal with 8 international banks
Environment & Energy | Saturday 1 December, 2018 2:44 am
Saudi Electricity Company (SEC) on Thursday signed a revolving credit facility agreement with eight international banks with a maximum amount of SR8.06 billion ($2.15 billion). The credit facility has been divided into two tranches: the first with a maximum of SR5,918 million ($1,578 million),...
HE Saeed Mohammed Al Tayer meets Deputy Executive Secretary of UNFCCC
Environment & Energy | Thursday 29 November, 2018 3:26 pm
HE Saeed Mohammed Al Tayer, Chairman of the World Green Economy Organization (WGEO) met with Ovais Sarmad, Deputy Executive Secretary of United Nations Framework Convention on Climate Change (UNFCCC) at the UNFCCC Headquarters in Bonn, Germany. During the meeting, HE Saeed Mohammed Al Tayer...
Saudi Aramco Signs Deals Worth $27.5 Billion With Suppliers at Annual IKTVA Localization Forum
Environment & Energy | Thursday 29 November, 2018 7:00 am
Saudi Aramco hosted its 4th IKTVA Forum & Exhibition this week at the Dhahran Expo Center in Dammam, attracting more than 1,000 local and international energy-sector service and equipment suppliers, manufacturers and small and medium enterprises to explore available investment...
Putin praises Crown Prince for oil production cut
Environment & Energy | Thursday 29 November, 2018 4:23 am
Russian President Vladimir Putin on Wednesday praised the role of Saudi Arabia and Crown Prince Muhammad Bin Salman, deputy premier and minister of defense, in the success of concluding agreements aimed at cutting oil production. The Russian president was responding to a question on the...
Aramco to invest more than $100bn over the next 10 years in chemicals
Environment & Energy | Wednesday 28 November, 2018 2:59 am
Saudi Aramco President and CEO Amin H. Nasser on Tuesday told delegates attending the 13th annual Gulf Petrochemicals and Chemicals Association (GPCA) Forum that a key Saudi Aramco objective is to bring its downstream business to the same prominence as its upstream, as the company undergoes...
The Dubai Supreme Council of Energy (DSCE) launches the Emirates Energy Award (EEA) 2020 in Jordan
Environment & Energy | Tuesday 27 November, 2018 3:00 pm
Under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, the Dubai Supreme Council of Energy (DSCE) unveiled the fourth edition of Emirates Energy Award (EEA) - 2020 at a press conference held at Fairmont – Amman, Jordan on...
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