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Saudi Arabia News and Analysis

News

Refinery under construction

Aramco sees Jizan refinery costs soar by $2bn Subscription Required

20 November 2014 | By Kevin Baxter

Contractors claiming more funds due to delays and scope changes in huge refinery scheme

Atieh Abu Raqabah, Sabic

Sabic evaluates programmes to reach sustainability targets Subscription Required

20 November 2014 | By Robert Jones

More than 800 ideas considered to help meet reductions in emissions, water and materials waste

Sabic Home of Innovation

Sabic to open Home of Innovation

19 November 2014 | By Robert Jones

Development designed to showcase how firm’s products can be sustainable

Hospitality Management Holdings signs contract with Mobarak Hotels to operate Coral al-Medina hotel in Saudi Arabia

Hospitality Management Holdings signs contract with Mobarak Hotels Subscription Required

19 November 2014 | By Philippa Wilkinson

Saudi firm to operate Coral al-Medina hotel in kingdom

Saudi Arabia to launch environmental building standard

Saudi Arabia to launch environmental building standard

18 November 2014 | By Robert Jones

Voluntary accreditation covers interiors materials

Offshore security

Saudi Aramco plans first award for $1bn offshore security contract Subscription Required

18 November 2014 | By Kevin Baxter

Dutch/Vietnamese shipbuilder favourite for $180m patrol vessels contract

Mining

Maaden launches $1.5bn rights issue Subscription Required

18 November 2014 | By Rebecca Spong

Proceeds will support phosphate mining project

Pylon

Alstom wins transmission contract in Saudi Arabia Subscription Required

18 November 2014 | By Andrew Roscoe

French company will supply AC transmission systems for western province installations

Pipeline

Saudi Aramco decides against CCC for Khurais Subscription Required

17 November 2014 | By Kevin Baxter

Despite being lowest bidder for two pipeline packages, CCC now out of contention

Saudi energy mix in 2032

Saudi Arabia receives technical bids for Duba integrated power plant Subscription Required

17 November 2014 | By Andrew Roscoe

Gas fired power plant will contain an integrated solar power system

US plans environmental standards attache for GCC to help countries reduce energy footprint

US plans environmental standards attache for GCC

17 November 2014 | By Robert Jones

Attache will help region reduce energy and environmental footprint

Riyadh wastewater treatment plant in operational testing

Riyadh wastewater treatment plant in operational testing Subscription Required

17 November 2014 | By Philippa Wilkinson

First phase of Al-Hayer facility to come online in November

Stadium

Aramco plans to award stadiums on 20 November Subscription Required

12 November 2014 | By Colin Foreman

Fast track programme is due for completion in June 2016

Saudi Arabia readies for next flotation

Saudi Arabia readies for next flotation Subscription Required

11 November 2014 | By Rebecca Spong

Electrical Industries Company looking to raise $194m with initial public offering

The King Fahd Causeway, which links Bahrain and Saudi Arabia

Contractors bid for Saudi-Bahrain causeway dredging Subscription Required

11 November 2014 | By Colin Foreman

Marine works involve dredging a new island for Saudi-Bahrain causeway link

KBR to design Petrokemya butadiene plant expansion

KBR to design Petrokemya butadiene plant expansion Subscription Required

11 November 2014 | By Mark Watts

Project will debottleneck and expand capacity of petrochemicals facility at Jubail

France's Foreign Minister Laurent Fabius said the arms would enable the Lebanese military to “carry out its mission to defend the territory and combat terrorism, while [the country] is under threat".

France and Lebanon sign $3bn Saudi-financed arms deal Subscription Required

6 November 2014 | By Philippa Wilkinson

Equipment expected to be delivered in early 2015

Rig

Saudi Aramco plans $1bn offshore security contract Subscription Required

5 November 2014 | By Kevin Baxter

Oil major plans to secure its assets in the Gulf with a range of new measures

Gas processing

Saudi Aramco to increase Fadhili gas plant capacity Subscription Required

5 November 2014 | By Kevin Baxter

Eastern Province gas plant will now process 2.5 billion standard cubic feet a day

National Commercial Bank

NCB’s IPO sets new standard for Saudi Arabia Subscription Required

4 November 2014 | By Rebecca Spong

Offering is region’s largest to date

Analysis

Saudi oil production and brent crude price

Riyadh in strong position ahead of Opec meeting Subscription Required

18 November 2014 | By Kevin Baxter

Saudi Arabia showing no signs of cutting oil production despite falling prices

Bottleneck: Riyadh has realised additional resources will be needed to deal with the volume of work planned

Kingdom paves the way for new contractors Subscription Required

13 November 2014 | By Colin Foreman

New contractors will be invited to work in the kingdom to take pressure off existing, overloaded players

Energy use by Mena cities 2010

Mixed response to green building Subscription Required

13 November 2014 | By Paul Melly

Only some countries in the region have developed sustainability ratings for projects that seek to go beyond energy conservation and look at resource use and environmental impact

Top 100 contract awards Q3 2014

Market cools in latest top 100 contract awards Subscription Required

4 November 2014 | By Robert Jones

Value of top 100 flat despite new entrants to the index

Challenge: One barrier to developing alternative energy is the existence of fuel subsidies in the region

Region set to miss 2020 renewables target Subscription Required

30 October 2014 | By Philippa Wilkinson

Lack of regulatory frameworks holds back development of alternative energy in the Middle East and North Africa

Pressure: Other Opec members will try to convince Riyadh to cut production at the group’s November meeting

Riyadh bides its time Subscription Required

23 October 2014 | By Mark Watts

With massive cash reserves to fall back on, the kingdom is in no hurry to exert its influence on oil prices

Saudi banks quarterly profits

Saudi lenders post solid third-quarter profits Subscription Required

16 October 2014 | By Rebecca Spong

Kingdom’s banking sector remains highly competitive

Nationals in petrochemicals workforce

GCC chemicals industry creating local jobs with varied success Subscription Required

14 October 2014 | By Mark Watts

Industry group says almost 150,000 people directly employed in regional chemicals sector

Selected GCC industrial EPC awards

GCC hits slump in non-oil industrial spending Subscription Required

1 October 2014 | By Mark Watts

Contract spending on industrial projects has dropped for four years with only $1.5bn awarded to date in 2014

Comment

Jizan Economic City

End result will justify Jizan overruns

20 November 2014 | By Kevin Baxter

Refinery project has been a challenge to all involved

Offshore oil security

Aramco prioritises security

20 November 2014 | By Kevin Baxter

Oil major plans raft of new measures for offshore assets

As the Saudi market grows and the opportunities become more sizeable, more foreign contractors will be prepared to compete in this environment

Removal of kingdom's bidding barriers only first step

13 November 2014 | By Colin Foreman

Other hurdles still remain for contractors when entering the Saudi construction market

Acwa Power shows local developers can succeed

Acwa Power shows local developers can succeed

23 October 2014 | By Andrew Roscoe

Saudi firm’s rise demonstrates local companies can play major part in utility sector

Elevated railway could be built across the desert to mitigate the impact of sand storms

Saudi Landbridge could be more than just a name

23 October 2014 | By Colin Foreman

Elevated railway could be built across the desert to mitigate the impact of sand storms

Oil price erosion forms cracks between Opec members

Oil price erosion forms cracks between Opec members

23 October 2014 | By Mark Watts

Prospect of lower prices ahead triggers call for action from group’s fragile economies

Oil prices

Hard economics overtakes geopolitics for oil

2 October 2014 | By Kevin Baxter

Oil prices could stay below $100 a barrel for some time

Riyadh reluctantly joins Isis air strikes

Riyadh reluctantly joins Isis air strikes

2 October 2014 | By James Gavin

Kingdom’s discomfort is clearly evident

Construction workers

Solving the Saudi labour crisis Subscription Required

18 September 2014 | By Kevin Baxter

Compromise is needed from both sides to achieve this difficult mission

Fertiliser production facility

Fertiliser industry facing tough times Subscription Required

18 September 2014 | By Mark Watts

Global overcapacity could mean lower margins for expanding GCC industry

Yanbu petrochemicals

The expansion challenge for Farabi Subscription Required

11 September 2014 | By Kevin Baxter

Building a petrochemicals plant is always difficult, but Farabi faces doing so without state ownership

Gas drilling

Aramco's essential tight gas drive Subscription Required

4 September 2014 | By Kevin Baxter

Domestic consumption means that every source of the resource is needed

Gasification_xl

The real work now starts for Jizan Subscription Required

1 September 2014 | By Kevin Baxter

Riyadh needs to ensure region is an attractive proposition to investors

non-conventional gas

Aramco's $40bn plans could be tip of iceberg Subscription Required

28 August 2014 | By Kevin Baxter

The development of non-conventional gas and maintaining upstream assets will not be cheap

Riyadh

Tadawul access a positive sign Subscription Required

24 July 2014 | By Rebecca Spong

The region is set to become more appealing to international entities as Riyadh opens up its stock exchange to foreign investors

Riyadh

Foreign access to Tadawul positive for region Subscription Required

22 July 2014 | By Rebecca Spong

Gulf region will become more appealing to international investors

Banking

Saudi banks look to new markets Subscription Required

17 July 2014 | By Rebecca Spong

Strong competition and tight margins are driving the kingdom’s lenders to explore new markets

Drilling

Shale gas faces a tight fight Subscription Required

17 July 2014 | By Kevin Baxter

As Saudi Aramco further invests in exploiting tight gas reserves, shale gas is being put on the back burner

Aramco: Investing in future development

Saudi Aramco takes the lead in development Subscription Required

17 July 2014 | By Kevin Baxter

Since its formation, it has led development in the kingdom, stepping beyond the remit of its core business. Today, it shows no signs of slowing down

Refinery

Case grows for subsidy cuts in Saudi Arabia Subscription Required

10 July 2014 | By Kevin Baxter

If fuel subsidies are curbed and domestic consumption slows down, Aramco can use the new capacity it is building for exports

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