Energy minister: World can’t bear two weeks without Saudi oil
Energy Minister Prince Abdulaziz Bin Salman said that the world cannot bear two or three weeks without Saudi oil exports. Addressing the 2nd edition of the Global Cybersecurity Forum on Wednesday, he stressed that the energy sector is the most affected by cyber attacks, and these attacks are considered a weapon without an army or […]
Saudi Aramco to ship full oil contract volumes to Asia in Dec
Saudi Aramco has told at least four refinery customers in North Asia they will receive full contract volumes of crude oil in December, several sources with knowledge of the matter said on Thursday. The producer is maintaining a steady supply to Asia despite the decision by the Organization of the Petroleum Exporting Countries (OPEC) and […]
Kingdom Holding’s profits hike to $1.78bln in 9M-22 interim financials
The net profits after Zakat and tax of Kingdom Holding Company amounted to SAR 6.70 billion in the first nine months (9M) of 2022, an annual surge of 996.02% from SAR 611.99 million. Revenues hiked by 99.96% year-on-year (YoY) to SAR 1.86 billion during the January-September 2022 period, compared to SAR 934.61 million, […]