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In 2015, Petromin signed a five-year partnership with Hyundai and Al-Majdouie, to serve its oils at all Hyundai centers in the region and to supply diesel engine oils to Al-Majdouie Logistics. [20] In 2017, the company employed around 5,000 people. [1] [2] [21] Petromin was one of the first companies in Saudi Arabia to start employing women in ...
The Kingdom's consumption of its own oil production has steadily increased and it now consumes about one quarter of its oil production (approximately three million barrels per day). [3] As of 2012 petrol in Saudi Arabia was sold at a price cheaper than bottled water—approximately US$0.13 per litre ($0.50 per US gallon). [ 16 ]
Saudi Aramco (Arabic: أرامكو السعودية ʾArāmkū as-Suʿūdiyyah), officially the Saudi Arabian Oil Company or simply Aramco (formerly Arabian-American Oil Company), is a majority state-owned petroleum and natural gas company that is the national oil company of Saudi Arabia.
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However, in 2008, some experts believed that Saudi oil production had already peaked or would do so in the near future. [15] In April 2015, the Saudi oil minister Ali Al-Naimi said that Saudi Arabia produced 12 million barrels per day in March that year, which was the highest figure based on records since the early 1980s. The previous peak was ...
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Coincidentally, the U.S. became more interested in Saudi oil. As a result, on February 4, 1940, as World War II was approaching, the U.S. had established a diplomatic presence in Saudi Arabia in order to have closer relations with the Saudis and to offer protection. Bert Fish, former ambassador in Egypt, was elected as the U.S. ambassador in ...
DOHA (Reuters) -Qatari diplomats spoke with Syria's leading rebel faction, Hayat Tahrir al-Sham, on Monday, an official briefed on the developments told Reuters, as regional states race to open ...
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