July 20, 2000
A Saudi oil worker has died in hospital as a result of second-degree burns he received during a fire at the Ras Tannurah refinery, a newspaper reporte
(MEBG) — PricewaterhouseCoopers has signed a $950,000 management consultancy project deal with the Saudi Arabian Public Transport Company (SAPTCO).
(AFP, RIYADH) - Oil Minister Ali al-Nuaimi announced the discovery of a new gas field in an area of eastern Saudi Arabia where exploration work started in April.
(AFP, RIYADH) - Oil Minister Ali al-Nuaimi on Wednesday announced the discovery of a new gas field in an area of eastern Saudi Arabia
July 19, 2000
Privatization refers to the transfer of an economic activity from the government to the private sector domain when the objectives can hardly be achieved and the private sector is capable of carrying
(AFP, RIYADH) - The Saudi industrial giant SABIC more than quadrupled its net profits to $549.3 million in the first half of 2000.
(MEBG) — Despite the encouragement of the Saudi government for young graduates to enter the private sector rather than the over overcrowded public sector, they still prefer the comfort and security of
(AFP, LONDON) - Crude oil prices rose slightly on the London market on Tuesday after OPEC's reference basket of crude oil fell below the critical level of $28 .
(AFP, Riyadh) – The Saudi industrial giant SABIC more than quadrupled its net profits to 549.3 million dollars in the first half of 2000 compared to the same period of last year.
July 17, 2000
Saudi Arabia has named three upstream gas projects that will be open for foreign oil companies, the Middle East Economic Survey (MEES) reported Monday
(MEBG) - Investments for three upstream gas projects in Saudi Arabia will be open to foreign oil companies.
(MEBG) – The new Saudi Arabian investment law, which authorizes foreign investors’ full ownership of projects, will create increased investments for the country in various economic sectors.
(AFP, LONDON) - Crude oil prices fell Monday after leading oil producers appeared at last to have reached agreement on a further output increase to stabilise the market if prices remain high.
(MEBG) AP reported on July 16 that, an official from an OPEC country said on July 15 that Saudi Arabia has started pumping the extra oil it had earlier promised, in an effort to ease fuel prices.
July 16, 2000
Saudi Arabia has started pumping the extra oil it had promised earlier this month in an effort to ease fuel prices, reported The Associated Press, quo