Saudi Arabia earned USD 22.8 billion from international oil sales in December. The commodity accounted for 79% of the country’s exports.
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According to company PPSA, linked to the Brazilian Ministry of Mines and Energy, this is the volume the country expects to produce under the sharing regime in pre-salt areas from 2023 to 2032. Daily production is expected to increase fourfold in the coming years.
Oman’s ambassador to Cairo said his country plans to become, in the next ten years, a regional hub for the production of green hydrogen and offer incentives for investors in the area of clean energy.
The African continent is a supplier to the Brazilian market. Find out what goods Africa sells to Brazil and the volumes.
The Saudi company’s earnings totaled USD 48.4 billion, surpassing forecasts of USD 46.2 billion.
A study by ABESPetro, conducted with consultancy firm Delloite, pointed out the Brazilian oil and gas industry could receive investments of USD 24 billion a year until 2025.
The oil company finalized the sale of 51% of its stake in Gaspetro to Compass for USD 394. The sale is part of a commitment to promote competition in the natural gas sector in Brazil.
Statement was given by Suhail bin Mohammed Al Mazrouei, minister of Energy and Infrastructure of the Gulf country, and reported by WAM.
The International Energy Agency reported that demand is likely to rise to 101.6 million barrels per day in 2023, driven by Chinese demand.
State-owned energy major had a market cap of USD 2.43 on Wednesday (11), surpassing Apple, whose shares dropped.
The Russia-Ukraine war could switch the positions of the countries that take part in the global oil and gas industry.
Value of exports from the Arab countries to the Brazilian market stepped up 134% in January, driven by the mineral fuel prices.
The oil company posted several record numbers last year, including pre-salt production. The company has also increased its gasoline, diesel and jet kerosene sales.
The Gulf country will hold the event from March 13 to 17. It aims to unite entrepreneurs and institutions to present Oman as a new role model of sustainable development.
