Home
"Aramco" announces its vision of the oil market
Sat, 15 Apr 2017 12:37:34
CEO of "Aramco" Saudi Arabia, Nasser Amin, yesterday, expressed optimism towards the oil market to balance soon, expected demand for crude in the long-term growth.
And Nasser said that taking supplies to fall below demand in the coming years, and that "the market position in the future will be on the floor of a more solid and increasingly. However, volatility may continue to become the return of balance more coherent and take withdrawals from stocks more consistent trend."
Nasser predicted high demand for oil and gas with the addition of more cars powered by conventional fuel compared with electric cars in the coming years, even though the emergence of more efficient engines and the use of renewable energy in some ways light transport.
From the point of view of Nasser, the most important reasons that pushed the market despite the "OPEC" agreement on the reduction of production, is the number of drilling rigs operating in the United States for the production of shale oil, and the increase in US inventories.
As for exports, "Aramco" Nasser confirmed that between 60 and 70% of them heading to the Asian market.
The company seeks to increase its production of gas as well, and expects to double its reach at 23 billion standard cubic feet per day in the next decade.
Aramco is preparing to list its shares on the stock market next year and seeks to reach the value of the company to two trillion dollars in what could be the largest IPO in the world.
http://www.jumhuriya.news/news.php?id=10495
Sat, 15 Apr 2017 12:37:34
CEO of "Aramco" Saudi Arabia, Nasser Amin, yesterday, expressed optimism towards the oil market to balance soon, expected demand for crude in the long-term growth.
And Nasser said that taking supplies to fall below demand in the coming years, and that "the market position in the future will be on the floor of a more solid and increasingly. However, volatility may continue to become the return of balance more coherent and take withdrawals from stocks more consistent trend."
Nasser predicted high demand for oil and gas with the addition of more cars powered by conventional fuel compared with electric cars in the coming years, even though the emergence of more efficient engines and the use of renewable energy in some ways light transport.
From the point of view of Nasser, the most important reasons that pushed the market despite the "OPEC" agreement on the reduction of production, is the number of drilling rigs operating in the United States for the production of shale oil, and the increase in US inventories.
As for exports, "Aramco" Nasser confirmed that between 60 and 70% of them heading to the Asian market.
The company seeks to increase its production of gas as well, and expects to double its reach at 23 billion standard cubic feet per day in the next decade.
Aramco is preparing to list its shares on the stock market next year and seeks to reach the value of the company to two trillion dollars in what could be the largest IPO in the world.
http://www.jumhuriya.news/news.php?id=10495
» Al-Mandlawi to Kuwaiti Ambassador: The security of the region is indivisible
» Indian Oil Corporation maintains deal to import Iraqi oil
» Iraq's oil exports exceed 103 million barrels last month
» MP angry over obstruction of defense minister’s interrogation: Files threaten Iraq’s security collap
» Cabinet decisions include those related to “voluntary deduction” and Iraqi airports
» For the first time since 2003, non-oil revenues achieve significant growth during 2024 (tables)
» Find out the dollar prices in the Iraqi markets
» A new suspicion in the railways, its heroes are the “22 billion contract team”.. Signing a contract
» Prime Minister sponsors signing of two memoranda of understanding in the field of tourism
» utube 11/23/24 MM&C Reporting-Expectations are High-IMF-Flexible Exchange Rate Regime-Pr
» Parliamentary Finance Committee discusses amending the three-year budget
» utube 11/26/24 MM&C MM&C Iraq News-Central Bank Iraq-Monetary Stability Excellent-Budget Law 2023,
» "Rich Iraq" seeks "money" to combat methane emissions: internal and external obstacles
» Increase in foreign remittance sales at the Central Bank of Iraq auction
» Its area is 2.5 million acres, and these are its details.. Work begins on a "large" residential city
» Kurdistan Finance delivers employees' salary schedule to the federal government
» Beggars are sweeping the streets of Iraq.. Their numbers are "large" and 90% of them receive welfare
» Settling tax trust claims
» Launching the National School Health Strategy
» Approval to implement service projects in Babylon
» New container handling berths at ports
» Work: Demand for registration in social security
» Reconstruction: Land Bank to be completed next year
» Aiming to enhance services in schools and prevent diseases, the National School Health Strategy for
» Karmian Festival witnesses the conclusion of commercial and industrial contracts
» Focus on the banking sector
» Minister of Trade: Studies Center is a turning point that serves the Iraqi economy
» Economists: Census is a roadmap for development
» Today's newspapers are interested in Al-Sudani's announcement that the population of Iraq exceeds 45
» International Development Bank: Today's incident was an extortion attempt that did not affect our wo
» thirty-sixth session, chaired by the Minister of Planning
» Closed meeting of the Parliamentary Finance Committee to discuss seven files
» The demographic boom in Iraq: an economic opportunity or a social burden?
» Al-Sudani confirms to Russian delegation Iraq's desire to establish a mechanism that brings mutual b
» Parliament holds its session headed by Al-Mashhadani and attended by 168 MPs
» The Iraqi government deducts 1% of the salaries of employees and retirees to donate to Gaza and Leba
» Iran announces its commitment to continuing gas exports to Iraq
» Iraq, Russia discuss energy cooperation
» British Home Secretary to visit Iraq tomorrow
» The next parliament will have 450 members.. Officially, Al-Sudani announces that the population of I
» US Ambassador Warns of 'Frightening Actions': Iraq Does Not Want to Be Drawn into Regional Conflict
» Planning: The announced census results are not preliminary and the number will increase
» Election “hype” begins early.. Al-Maliki insists on holding it and Al-Sudani prepares
» “No more delays”.. Parliament changes the mechanism of holding sessions: “Controversial” laws are re
» Al-Mashhadani to the heads of the blocs: I prefer to vote on the general amnesty law before anything
» Iraq ranks 8th in the Arab world in achieving work-life balance in 2025
» Labor announces issuance of more than a quarter of a million national cards for social protection be
» Iraqi-Chinese research on accelerating combined cycle power projects
» Al-Maliki praises the decision of the International Criminal Court and demands the resolution of the
» Al-Mashhadani calls for voting on the general amnesty law for the “oppressed” before other laws
» Yazan Mishaan Al-Habouri revolts against his "leak": There are those who obstruct the government's e
» US Ambassador: Ending the presence of the international coalition in Iraq is being implemented and w
» Al-Mashhadani directs to raise the suspended laws to the Presidency of the House of Representatives
» "His general situation is unbearable" .. Parliamentarian: Political consensus to keep Iraq away from
» Al-Sudani agrees to launch the “For Her” initiative to support Iraqi women
» Development Bank condemns extortion attempts: It will not affect our workflow
» Iraq-China oil-for-reconstruction deal faltering: A geopolitical shift in the Middle East
» Planning reveals the next step of the census: We will visit these families
» Parliamentary Finance Committee calls on the government to expedite sending the budget tables
» OPEC+ may extend oil cuts at its meeting next Sunday
» Parliamentary Integrity Committee discusses with the Director of Central Oil the file of contracts a
» Government notice regarding the legal status of foreign workers
» House of Representatives holds "important" session today.. Expectations of extending the legislative
» Slight rise in dollar prices against the dinar in Iraqi stock exchanges
» Baghdad "softens" and Kurdistan oil prepares to continue its global journey
» "For 5 million dinars or in installments" .. Iraqi electric cars soon on the streets
» Where did the Intelligence Bill get to in the House of Representatives?
» "Contract Suspicions Series"... What are the loopholes in the Korean air defense system contract in
» MP reveals latest developments in the formation of the new Kurdistan government
» Personal status: imposing a vision or turning Iraq into a copy similar to the Iranian religious regi
» Oral question to the governor.. Parliamentary movement regarding the “Basra, the Economic Capital of
» MM&C 11/25/24 Parliamentarian: We need to extend the legislative chapter to 8 sessions and the bud
» Al-Alaq: The monetary situation in Iraq is excellent and our reserves support the stability of the e
» utube 11/25/24 MM&C MM&C Iraq News-CBI Building Final Touches-Oil Exports-Development Road-Turkey-B
» Parliamentary movement to include the salary scale in the next session
» Parliamentary Finance Committee reveals the budget paragraphs included in the amendment
» Al-Maliki calls on the Bar Association to hold accountable members who violate professional conduct
» Politician: The security agreement with America has many aspects
» Kurdistan Planning: More than 6 million people live in the region, the oldest of them is 126 years o
» Al-Alaq: Arab consensus on the role of central bank programs in addressing challenges
» Economics saves from political drowning
» Agriculture calls for strict ban on import of "industrial fats" and warns of health risks
» Iraq is the fourth largest oil exporter to China
» Railways continue to maintain a number of its lines to ensure the smooth running of trains
» Parliament resumes its sessions tomorrow.. and these are the most important amendments in the budget
» Bitcoin Fails to Continue Rising as It Approaches $100,000
» Minister of Planning: There will be accurate figures for the population of each governorate
» Popular Mobilization Law is ready for voting
» Mechanisms for accepting people with disabilities into postgraduate studies
» Government coordination to create five thousand jobs
» Transport: Next month, a meeting with the international organization to resolve the European ban
» Census is a path to digital government
» Calls to facilitate loans and reduce interest rates for the private sector
» The launch of the third and final phase of the "population census"
» Al-Sudani: We have accomplished a step that is the most prominent in the framework of planning, deve
» Justice discusses modern mechanisms to develop investment in real estate and minors’ money
» Dubai to host Arabplast exhibition next month
» Al-Tamimi: Integrity plays a major role in establishing the foundations of laws that will uphold jus