6.8 million people travel via four Saudi airports during 2025 Umrah season    TASI recoups losses, records highest close since December 2024    Dar wa Emaar hosts annual Eid Al Fitr community celebration with residents at Saraya Al Narjis in Riyadh    Ithra to showcase its art collection at Riyadh Art Week    US defends tariffs on remote island of penguins and seals    Israeli protesters urge Netanyahu to secure hostage deal during meeting with Trump    Palestinian teen died in Israeli prison after suffering 'likely prolonged malnutrition', autopsy finds    Saudi U-17s qualify for 2025 FIFA World Cup after win over Thailand    Saudi Arabia imposes SR100,000 fine on Hajj and Umrah firms for not reporting visa overstays    The Seven Dogs wraps filming in Riyadh with a budget exceeding $40 million    Trump's crackdown on university protests is casting a long shadow    Al-Jasser: work is underway to restructure and develop aviation infrastructure    Virtual Notary Public provided over1.4 million digital documentation services in 2024    Al Qadsiah and Al Ettifaq share spoils in tense Eastern Derby stalemate    Moussa Diaby praises Al Ittihad's resilience after Jeddah Derby draw "When you can't win, you take a point"    Saudi-European Parliamentary Friendship Committee discusses cooperation during Strasbourg visit    Benzema rescues Al Ittihad with stoppage-time equalizer in thrilling Jeddah Derby    Riyadh Art Week launches with over 50 galleries showcasing global artistic dialogue    Turki Al-Sheikh announces five new Saudi film projects to be produced in Riyadh    Saudi Ministry of Education to showcase innovations at 2025 Geneva International Exhibition    Veteran Bollywood actor Manoj Kumar dies at 87    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    King Salman prays for peace and stability for Palestinians in Ramadan message King reaffirms Saudi Arabia's commitment to serving the Two Holy Mosques and pilgrims    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Norway offers its expertise, technology in oil recovery
By Joe Avancena
Published in The Saudi Gazette on 26 - 01 - 2010

Norway is offering its technology and expertise in oil recovery, including a wide range of associated services in the petroleum industry that will enhance Saudi Arabia's oil and gas production.
A delegation of Norwegian petroleum experts met members of the Asharqia Chamber Monday offering a wide range of technology and services in the oil and gas sector.
The delegation will have a meeting with Saudi Aramco to discuss issues of mutual interest, according to Carl Wibye, Norwegian Ambassador to the Kingdom.
“Norway sees a big opportunity in cooperation between Norway and Saudi Arabia, particularly in the petroleum industry, specifically in oil recovery and in providing an environment-friendly regime in oil production,” Wibye said.
Norway is the sixth-largest net oil exporter in the world, after Saudi Arabia, Russia, UAE, Iran and Kuwait, producing 2.47 million barrels per day, exporting about 2.25 million bb/d, and consuming about 217,000 bbl/d in 2008.
Norway's oil service industry generated $38 billion in 2009, exporting its products and expertise to the United States, Europe and the Asia-Pacific region, according to Wibye.
Gunnar Gjerde, head of the Norwegian delegation, said that it is a good time for Saudi Aramco to enhance its oil recovery program. “Saudi Aramco has reached its productivity peak as required by the market, and it is now time to invest in the oil technology sector, such as in oil recovery,” he said.
Abdulrahman Rashed Al-Rashed, president of Asharqia Chambers, urged the Norwegian delegation to provide added value to the offer of providing technology to the Kingdom's petroleum industry.
He said setting up cooperation agreements or joint ventures with local companies will provide an impetus for securing added value.
Khaled Al-Abdulkarim, president of Al-Abdulkarim Holding Company, which has interests in providing services to the local and regional oil sector, proposed the establishment of a Saudi-Norwegian training center to train young Saudis in the field of oil technology.
Innovation Norway, Norway's major provider and exporter of a wide range of services in the petroleum industry, has been urged to lead the way in setting up the training center.
Norway has yet to expand its investments in the Kingdom. So far, major Norwegian investments in Saudi Arabia have been through Norconsult Telemetric, provider of telecommunication technology to Saudi Arabia's IT sector, and Jotun, a leading paint manufacturing company.
Wibye said bilateral trade between Saudi Arabia and Norway has been increasing. Two-way trade reached over $300 million in 2009, with about $200 million exports to the Kingdom and $100 million imports.
“We would like to have a strong presence in the local oil industry; we have lots of products to offer in the petroleum sector through partnerships with local companies,” Gjerde said.


Clic here to read the story from its source.