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Tag Archives: Saudi Arabia

U.S. displacing traditional LPG suppliers in Latin America

HOUSTON (Reuters) – U.S. sales of liquefied petroleum gas (LPG) to Latin America have quintupled since 2007, edging out more expensive exports from countries such as Saudi Arabia and Algeria, according to official data and traders. With imported volumes surging fast and no domestic projects expected to open soon to produce cooking gas, Latin America’s financial outlays for LPG, which ...

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KSA taps new shale deposits

saudi aramco logo

JEDDAH (Arab News) — Saudi Arabia’s natural gas reserves rose last year as it explored for the fuel in the Red Sea and tapped shale gas to free more crude oil for export, according to Saudi Aramco. Saudi reserves increased to 288 trillion cubic feet of gas last year from 285 trillion in 2012, Saudi Aramco said its annual review. ...

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Ohio House OKs fracking-tax measure


A fracking-tax bill that supporters say will provide long-term clarity for companies coming to Ohio to drill in the state’s shale regions passed a divided Ohio House yesterday. The bill sets a new 2.5 percent severance tax on shale fracking, a rate Democrats decried as a giveaway to the oil and gas industry, and as an overall tax shift because ...

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KSA shines spotlight on solar energy schemes

conference photo

By K.T. ABDURABB for Arab News, Jeddah, Saudi Arabia DUBAI — The opportunities for both local and international solar companies in the region have been increasing steadily, according to top industry executives who attended the two-day Middle East & North Africa Solar Conference and Expo (MENASOL) that concluded in Dubai. More than 400 top energy executives gathered at Dubai’s Hyatt Regency ...

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Obama ends four-nation trip in diplomatic limbo over Ukraine

* Obama says Putin grieving for loss of Soviet Union (Updates with Kerry-Lavrov meeting next week) * Kerry, Russia’s Lavrov to meet again soon * Obama says Putin grieving for loss of Soviet Union (Updates with Kerry-Lavrov meeting next week)   By Steve Holland and Jeff Mason   RIYADH, March 29 (Reuters) – U.S. President Barack Obama ended a four-nation foreign trip on ...

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Saudi Arabia plans solar panel factory

solar panels

Saudi Arabia, long synonymous with oil, may have its sights set on solar power. Saudi officials signed an agreement Tuesday with Belmont’s SunEdison Inc. to explore building a solar panel factory in the kingdom. The proposed $6.4 billion plant would be located at Wa’ad Al Shammal, an industrial city in the country’s north. The factory would use SunEdison technology to ...

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