• #SaoudiArabia
• #Business
• #Company
• #Economy
• #Energy
• #Gas
• #Industry
• #Oil
• #Petroleum
• #TotalEnergies

The Saudi Arabian Oil Company ("Aramco") and TotalEnergies have made the final investment decision for the construction of a world-class petrochemical site in Saudi Arabia. The “Admiral” complex, owned and eventually operated by the SATORP refinery, located in Jubail on the eastern coast of the country, will be integrated into the existing site. The investment decision is subject to the usual conditions and approvals.

• #SaoudiArabia
• #UnitedArabEmirates
• #Business
• #DecisionMakers
• #Economy
• #Hydrocarbons
• #Oil
• #OPEC
• #Politics
• #Trending

The energy ministers of Saudi Arabia and the United Arab Emirates have denied that there is any discussion of an increase in oil production by the "OPEC +" alliance, while stressing the continuation of the agreement until at the end of 2023.

• #LIBYA
• #Business
• #DecisionMakers
• #Economy
• #Energy
• #Hydrocarbons
• #NOC
• #Oil
• #Politics
• #Trending

Hydrocarbon revenues for 2022 are expected to reach USD 37 billion, a record level since 2013. In a context of rising oil and gas prices, a 36% increase in revenues is expected in 2022 compared to 2021, while the average production fell from 1.18 mb/d to 1.02 mb/d due to the three months of oil blockade between April and July 2022.