• EKSPLORASI.ID
  • MONETER.ID
  • BANTEN.CO
Rabu, Juni 25, 2025
  • Login
EKSPLORASI.ID
  • HOME
  • BERITA
  • INDEPTH
  • RAGAM
  • ENGLISH NEWS
  • OPINI
  • VIDEO
  • FOTO
  • INFOGRAFIS
  • INDEKS
No Result
View All Result
  • HOME
  • BERITA
  • INDEPTH
  • RAGAM
  • ENGLISH NEWS
  • OPINI
  • VIDEO
  • FOTO
  • INFOGRAFIS
  • INDEKS
No Result
View All Result
EKSPLORASI.ID
No Result
View All Result
Home ENGLISH NEWS

Saudi Arabia Plans Shipbuilding Complex to Support Oil Exports

by Eksplorasi.id
19 Agustus 2016
in ENGLISH NEWS
0
Saudi Arabia Plans Shipbuilding Complex to Support Oil Exports

Saudi Arabia maps. (Photo: Source)

0
SHARES
403
VIEWS
Share on WhatsappShare on Facebook

Saudi Arabia will build a maritime complex on its east coast, with shipbuilding capability, to provide sufficient capacity for exporting oil, Energy Minister Khalid Al-Falih said Sunday.

The country, the world’s largest oil-producing nation, eventually will have a shipping fleet that will match its oil capabilities, Al-Falih said in Riyadh. Saudi Arabian Oil Co., or Aramco, will need more tankers to meet global demand, he told reporters.

Oil prices have rebounded more than 70 percent from the 12-year low reached earlier this year as a Saudi Arabian-led OPEC strategy to pressure rivals with lower prices slowly eliminates a surplus in global supply. Al-Falih told the Houston Chronicle newspaper in June that the glut was over, an assessment shared by the International Energy Agency, which said on June 14 that the crude market will be balanced in the second half of 2016.

The Organization of Petroleum Exporting Countries expects demand for its oil will rise to about 33 million barrels a day next year, 142,000 a day more than in June, the group said in its monthly report published July 12. Saudi Arabia is producing at close to a record, according to the report. Production outside OPEC is expected to fall by 900,000 barrels a day this year, the largest decline since 1992, according to the IEA.

Crude oil will rise to a range of $50 to $60 a barrel until at least 2018 as demand rises, Kuwait’s acting oil minister Anas Al-Saleh said last week.

Saudi Arabia, along with the United Arab Emirates and Kuwait, is expanding its energy industry, driving investments in the region to $900 billion over the next five years, Apicorp said on April 12.

Arab Petroleum Investment Corp., a multilateral energy-finance lender based in Dammam, Saudi Arabia, and National Shipping Co. of Saudi Arabia plan to buy as many as 15 oil tankers via a new $1.5 billion fund. Apicorp, as the lender is known, will own 85 percent of the fund and National Shipping the rest. Investments will be allocated in $500 million increments, National Shipping said Sunday in a statement to Saudi Arabia’s stock market.

Apicorp plans to issue Islamic bonds to diversify its portfolio, which is mainly in petrochemicals. The lender has set up funds to focus on renewable energy projects and on transportation and shipping.

Eksplorasi | Bloomberg

Tags: EnergyOilSaudi ArabiaShip
Eksplorasi.id

Eksplorasi.id

Next Post
‘Kencing di Jalan’, Pertamina Pecat Sopir Truk Tangki

'Kencing di Jalan', Pertamina Pecat Sopir Truk Tangki

Tinggalkan Balasan Batalkan balasan

Alamat email Anda tidak akan dipublikasikan. Ruas yang wajib ditandai *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

Wilayah Kerja Panas Bumi Segera Dilelang Lagi

Pemda Diminta Kerek Pengembangan Panas Bumi

9 tahun ago
Jokowi Diminta Segera Tetapkan Menteri ESDM Definitif

Survei IESR: Publik Ingin Menteri ESDM Miliki Integritas

9 tahun ago

Sering Dibaca

  • Potensi Uranium Indonesia 77 Ribu Ton, Bisa Penuhi Kebutuhan Listrik 40 Tahun

    Potensi Uranium Indonesia 77 Ribu Ton, Bisa Penuhi Kebutuhan Listrik 40 Tahun

    0 shares
    Share 0 Tweet 0
  • Investasi Sektor Hulu Migas Jeblok, SKK Migas Sewa Kantor Rp 120 Miliar Per Tahun

    0 shares
    Share 0 Tweet 0
  • Biji Kamandrah Diprediksi Jadi Energi Alternatif Masa Depan

    0 shares
    Share 0 Tweet 0
  • Sinarmas Land Lakukan Penandatanganan GITET 500 KV

    0 shares
    Share 0 Tweet 0
  • 11 Perusahaan bangun Pusat Logistik Berikat

    0 shares
    Share 0 Tweet 0

RSS Moneter.id

  • Jual Sukuk Ritel SR022, Pemerintah Serap Dana Rp27,84 Triliun 24 Juni 2025
  • Danantara Indonesia Kucurkan Pinjaman Kepada PT Garuda Indonesia Senilai Rp6,65 Triliun 24 Juni 2025
  • Tembus 105 Juta Kiloliter, Pertamina Patra Niaga Catat Peningkatan Volume Penjualan 5,6 Persen di 2024 24 Juni 2025
  • Menteri Bahlil : Hilirisasi 'Kunci' Menghadapi Dinamika Geopolitik 24 Juni 2025
  • Pastikan Kesiapan Destinasi, Menteri Pariwisata Sosialisasikan Surat Edaran Libur Sekolah 2025 23 Juni 2025
  • BEI : Tiga Perusahaan Mercusuar Antri IPO di Pasar Modal Indonesia 23 Juni 2025
  • Kemendag : Harga Minyakita Turun Rp300 per Liter 23 Juni 2025
  • Rilis Fitur Baru, PINTU Beri Kemudahan Menabung Puluhan Aset Kripto Sekaligus 23 Juni 2025
  • Liquiça Merayakan Penyelesaian Proyek Penguatan Kohesi Sosial yang Didanai Uni Eropa 23 Juni 2025
  • PLTP Ijen, Wujud Keseriusan PT SMI dalam Mendukung Pengembangan Potensi Panas Bumi 23 Juni 2025
EKSPLORASI.ID

© 2020 Eksplorasi.id - REFERENSI BERITA ENERGI

Navigate Site

  • REDAKSI
  • KETENTUAN LAYANAN
  • PEDOMAN SIBER
  • HUBUNGI KAMI

Follow Us

No Result
View All Result
  • HOME
  • BERITA
  • INDEPTH
  • RAGAM
  • ENGLISH NEWS
  • OPINI
  • VIDEO
  • FOTO
  • INFOGRAFIS
  • INDEKS

© 2020 Eksplorasi.id - REFERENSI BERITA ENERGI

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In