SAUDI ARABIA - Saud Al-Faisal.
Born in 1942, Foreign Minister Prince Saud is also among key
decision makers in matters relating to the petroleum sector, being a
member of the Supreme Council (see Gas Market Trends). To boost . . .
SAUDI ARABIA - Nayef Ibn Abdul-Aziz.
Interior Minister for many years, Prince Nayef controls the
security sector and the border guard. He is the third most powerful man
in Saudi Arabia. Being in charge of the emirs (governors) of . . .
SAUDI ARABIA - The SABIC Perspective.
SABIC is to raise its petrochemicals production capacity from 43m
t/y in 2005 to 64m t/y by 2008, through expansion of its current plants
and new ventures. SABIC's CEO Muhammad al-Mady is . . .
SAUDI ARABIA - Saudi Aramco-Petrobras JV.
Saudi Aramco and Petrobras are launching a downstream JV to tackle
technological issues around heavy crude oil and olefin production. About
half of Petrobras' 13 bn barrel reserves are derived from . . .
SAUDI ARABIA - Risks.
The Gulf's product diversification may come as the market
contracts. Data suggest there will be a surplus of over 3m t/y PE and 4m
t/y of PP from 2008. Demand growth for ethylene will decrease from . . .
SAUDI ARABIA - Profit.(Financial report)
Helped by soaring demand and the region's advantage in low
feedstock cost, Gulf petrochemical firms' profits have been
exceptional. In 2006, base chemical producer Qatar Petrochemical Co.
(QAPCO) . . .
SAUDI ARABIA - The Saudi Petrochemicals Sector; Big Expansions
Ahead.
The Saudi Arabian Basic Industries Corp. (SABIC), owned 70% by the
state and 30% by Saudi and other GCC investors, is one of the largest
producers of petrochemicals and the most profitable firm of . . .
SAUDI ARABIA - Saudisation Of Petrol Stations.
The Labour Ministry has since June 2005 encouraged the appointment
of Saudis as supervisors in gasoline stations, car service centres and
shops. The ministry then said: "We will not issue visas to . . .
SAUDI ARABIA - The Integration Factor.
Having carefully studied the advantages (for resource-rich nations)
of refining integration with industries like plastics (as mentioned
above), Saudi Aramco is yet to experience the risks - not . . .
SAUDI ARABIA - Saudi Arabia's Oil Refining Sector Is
Upgraded, But Expansions Face Rising Costs.
Most of state-owned Saudi Aramco's seven oil refineries in the
kingdom have been upgraded to produce premium fuels. Some of them are
being upgraded further and expanded through integrated . . .
SAUDI ARABIA - The Economic Base.
Efforts to diversify the Saudi economy away from petroleum are
giving more power to the regions as they compete for resources and
investment. In addition to the petroleum sector, which makes up 75% . . .
SAUDI ARABIA - Lack Of Equipment For Power Plants.
MEED in June 2007 quoted Paddy Padmanathan, vice-president of
business development at ACWA Power Projects, as saying: "In the
power sector there is a boom across the world, from the Far East led . . .
SAUDI ARABIA - The Gas & Power Markets.
Saudi Arabia's demand for natural gas has been forecast to
rise three-fold from 2005 to 14.5 BCM/day by 2030. Further pressure on
gas supplies comes from rising electricity demand and from . . .
SAUDI ARABIA - Saudi Arabia's Energy Base.
With its population of more than 25m growing at an annual rate of
3.8%, the highest in the world, Saudi Arabia's energy base has to
expand rapidly and this will need massive investment. Saudi . . .
QATAR - Abdullah Al-Thani.
Central Bank Governor Shaikh Abdullah on Sept. 11, 2007, said Qatar
would keep its rial pegged to the US dollar. This came amid speculation
GCC states could follow Kuwait in having a basket of . . .
QATAR - QP's Expansions & QPI/QIA's Int'l
Thrusts.
QP is raising $27 bn in debt over the coming three years to support
its capital investment programme. More than $7 bn worth of financing was
close in the second quarter of this year covering the . . .
QATAR - Yousef Bin Hussein Kamal.
The Finance Minister for many years and Minister of Economy &
Commerce since March 2006, Kamal on April 2 unveiled the largest budget
in Qatar's history, with a generous allocation for . . .
QATAR - Qatar-Dubai Investment Deal.
A $1 bn joint investment company was announced in June 2007 during
a visit to Dubai by PM Hamad bin Jassem at the head of a large
delegation. The deal was signed between the CEO Hussein al-Abdullah . . .
QATAR - Qatar's Decision Makers - Hamad Background.
Hamad bin Khalifa was born in Doha in 1950 as the first son of
Khalifa bin Hamad al-Thani. He studied in Qatar before entering the
British Royal Military Academy at Sandhurst, where he graduated in . . .
QATAR - Aluminium Smelter.
QP (51%) and Yara (49%) are to have a 585,000 t/y aluminium smelter
built at Mesaieed. The project is to cost $4.8 bn, up from $3 bn
estimated in late 2004, when agreement on this was signed by the . . .
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