E-PaperKhalid Al Falih News
Saudi Arabia's Khalid al-Falih says Reliance-Aramco talks on Indian refinery stake continue
Aramco and the United Arab Emirates' national oil company ADNOC teamed up with state-run Indian refiners last year in a plan to build a 1.2 million barrel per day refinerySaudi Arabia is the second biggest oil supplier to India after Iraq
1 min read25 Jul 2019No oil shortage as stocks are building, but OPEC will act if needed, says Saudi
'We will be flexible. We are going to do the right thing as we always do, Khalid al-Falih said'I am not sure there is a supply shortage, but we will look at the analysis,' said Saudi Arabia's Energy Minister
2 min read18 May 2019Saudi Arabia claims its oil infrastructure attacked by drones
Four oil tankers anchored in the Mideast were damaged in what Gulf officials described Monday as a "sabotage" attackSaudi statement described it as a "limited targeting" of petroleum stations in areas al-Dudami and Afif in the Riyadh region
3 min read14 May 2019Saudi Arabia sees no need for immediate action on oil market
The kingdom won’t significantly raise output in May and will stay within its OPEC production limit until the group’s current supply deal expires in JuneRiyadh is treading a fine line between keeping its key US ally happy while preserving unity in the producer coalition known as OPEC+
3 min read24 Apr 2019Aramco's international bond attracts strong interest as demand tops $30 billion
Aramco last year postponed a planned initial public offering to 2021Falih said the issue will close on Wednesday and that he believed demand for the bond was "north of" $30 billion
3 min read8 Apr 2019Saudi Arabia urges ‘fair’ energy transition, defends oil
Experts say energy output from renewables, especially solar and wind, is growing faster than anticipated, threatening to displace oil, gas and coal as the world's main sources of power.
2 min read15 Jan 2019OPEC+ oil cuts on ‘right track’ to balance the market, says Saudi Arabia’s energy minister
The Organization of Petroleum Exporting Countries, led by Saudi Arabia, agreed to cut oil output this year to support prices.
2 min read14 Jan 2019Saudi Aramco to issue bonds in Q2 2019, list in 2021: Minister
The Saudi oil giant has considered issuing bonds to help finance its planned acquisition of a controlling stake in petrochemical maker SABIC.
1 min read10 Jan 2019Saudi Arabia to slash oil exports by 800,000 bpd: Minister
Khalid al-Falih said the kingdom, the world's top crude supplier, would cut its exports to 7.2 million barrels per day in January, down from 8.0 million bpd in November.
1 min read9 Jan 2019Reliance, Saudi Arabia in talks for oil refinery, petrochemical project: Saudi oil minister
Saudi Arabia oil minister Khalid al-Falih discussed the oil refinery plans with Reliance Industries chairman Mukesh Ambani during his visit to Udaipur for the pre-wedding festivities of Isha Ambani's marriage with Anand Piramal
2 min read18 Dec 2018Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared