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- Who owns Shell lube oil blending plant in Riyadh?
- This is a joint venture between Shell Overseas Investment B.V. and Al Jomaih Holdings Company. Through its state-of-the-art lube oil blending plant in Riyadh, the company is engaged in blending, marketing, and selling Shell lubricants in Saudi Arabia.
- How has Saudi Arabia developed its oil infrastructure?
- Over the decades, Saudi Arabia has developed its oil infrastructure, making significant investments in exploration, production, and refining capabilities. The Kingdom’s commitment to maximizing its oil potential has led to advancements in extraction techniques, allowing for more efficient recovery of crude oil from its rich reserves.
- Does Saudi Arabia have oil & gas companies?
- Oil and gas companies are the backbone of Saudi Arabia’s economy, contributing significantly to its Gross Domestic Product (GDP). They provide the primary source of revenue for the government, accounting for about 90% of total revenues and a substantial portion of the country’s GDP.
- Which petrochemical companies are owned by Saudi Aramco?
- The market cap of SABIC is around $83 billion and 70% of its shares are owned by Saudi Aramco. SIPCHEM is another petrochemical company related to the oil and gas industry in Saudi Arabia with a market capitalization of $9.95 billion. Saudi Arabia’s famous Zamil Group owns 8% of this company’s shares while the rest are owned by the general public.
- Why is Saudi Arabia a leader in the oil & gas industry?
- Saudi Arabia is known globally as a powerhouse in the oil and gas industry, boasting some of the largest proven reserves and advanced extraction technologies. The country’s oil and gas sector plays a pivotal role in shaping its economy, driving growth, and maintaining its position as a leader in the global energy market.
- How'smart oil fields' are gaining traction in Saudi Arabia?
- The concept of “smart oil fields” is gaining traction in Saudi Arabia. This involves the use of IoT (Internet of Things) sensors and devices to collect real-time data from oil fields, providing insights that can lead to more informed decision-making.
