Missile Attacked, Aramco Oil Refinery near Saudi F1 Race Circuit on fire

Jakarta – A massive fire was reported in a oil refinery in Saudi city, Jeddah. Yemen’s Houthi rebels admit that they have launched a series of attacks against the kingdom. Reporting from Al Jazeera, Saturday (26/3/2022), reported a series of drone and rocket attacks by Yemen’s Iran-backed Houthi group. Plumes of black smoke were seen … Read more

Aramco’s good health adds spice to the Saudi dilemma with the yuan | Opinion

Aramco’s crude contracts are denominated in dollars. It makes sense, given that the Saudi riyal is pegged to the dollar and nearly 25% of its central bank’s $493bn of assets is US debt. Riyadh is in talks with Beijing to price it in yuan, but a sharp change of the name of its main export … Read more

Saudi Arabia foils missile attack on Aramco oil region

Jakarta, CNN Indonesia — Leading Coalition Saudi Arabia successfully intercepted an attack missile ballistics aimed at the oil-rich eastern region of Saudi Arabia. This incident occurred on Saturday (4/9) local time. The Saudi-led coalition says it is fighting the Houthis in Yemen. Quoted from Reuters, according to a source familiar with the matter. The missile … Read more

The world’s largest oil company quadruples profit

Фото: Getty Images Saudi Aramco’s second quarter dividend to reach $ 18.8 billion – – The average level of production for the quarter in Saudi Aramco amounted to 11.7 million barrels per day of oil equivalent. The net profit of the world’s largest in terms of production and reserves of the Saudi oil company Saudi … Read more

CO2 storage: CCS technology before the breakthrough

Carbon dioxide storage Many hopes rest on the technology, but it is met with skepticism among climate protectors. – (Foto: Julius Brauckmann, Getty Images, Reuters, Climeworks PR) – – – – Düsseldorf The total CO2 emissions in Europe for the next 300 to 400 years: this is how much fits into the carbon dioxide storage off … Read more

Crazy Rich Arab! King Salman’s family has assets of IDR 20,000 trillion

Ruler of the Kingdom of Saudi Arabia, King Salman bin Abdulaziz Al Saud. King Salman’s family has the most wealth in the world. (Source: AP) RIYADH, KOMPAS.TV – King Salman bin Abdul Aziz was the head of the very powerful Saud family in Saudi Arabia. The Saud family possessed abundant wealth that surpassed any other … Read more

Exclusive-sources: Saudi Aramco seeks to review the price of the SABIC deal

DUBAI (Reuters) – Saudi Aramco is seeking to restructure a purchase of a controlling stake in the Saudi Basic Industries Corporation (SABIC) after the latter’s value fell more than 40 percent after a collapse in oil prices and the Corona virus pandemic, two sources told Reuters. – Saudi Aramco logo – Image from Reuters archive. … Read more

Oil price collapse also pushes the Dax down

Dax curve View of the Dax curve in the Frankfurt trading hall. – (Photo: dpa) – – – – Dusseldorf The German stock market cannot escape yesterday’s drop in the price of oil. At the close, the Dax fell almost four percent to 10,250 points. The topic on the markets is the oil price collapse … Read more

Trump discusses punitive tariffs against Saudi Arabia

new York The low oil price is now also calling on the US President. According to a report by the “Wall Street Journal”, Donald Trump wants to meet with the CEOs of the largest oil companies on Friday to discuss ways out of the difficult situation. According to this, both aid for industry and punitive … Read more