Omair was moved to the public works ministry in a limited cabinet reshuffle following a row with top oil executives, the emir decreed on Sunday.
Finance Minister Anas Al-Saleh was appointed as acting oil minister, in decrees cited by the official (...)
Riyadh newspaper called for formulating long term strategies to produce experts and scholars on this important country.
On Palestine, Okaz newspaper highlighted the Palestinian leadership's decision to go to the Security Council to submit a draft (...)
Naimi said Monday that the Kingdom's oil output has jumped to more than 10 million barrels per day, up from an estimated 8.8 million bpd in April.
“Saudi Arabia is currently producing more than 10 million bpd,” Al-Naimi said in a speech read on his (...)
Naimi said Friday the Kingdom's overall downstream investment drive will double its refining capacity at home and abroad by 2015.
The world's top oil exporter is building two new mega refineries at home with a combined capacity of 800,000 barrels (...)
Naimi on Thursday refused to be drawn on the possibility that OPEC will announce a cut in its crude production at an emergency policy meeting here on Friday to decide how to shore up prices while the world heads into a recession.
Asked by reporters (...)
Shahristani will meet Monday in London with representatives of international oil companies for the country's first round of bidding for new contracts since the US-led invasion in 2003, his spokesman said.
Last April, the war-torn country chose 35 (...)
Naimi said Tuesday that the oil market is “fairly well balanced,” suggesting that the 13-nation OPEC meeting here later Tuesday would decide to keep crude production steady, despite their concerns over rapidly falling prices.
“I think things are in (...)