China's Sinopec, Asia's largest refiner, plans to cut Saudi crude oil imports loading in May by 40 percent after
national oil company Saudi Aramco set higher - than - expected prices, an official from the company's trading arm Unipec said.
Not exact matches
According to the Fortune 500 Ranking, Sinopec ranks 4th among global
oil companies by revenue, following Shell (which is in partnership with SaudiAramco, a Saudi SOE) ExxonMobil and BP (formerly state owned), and ahead of China National Oil Company, Chevron, Conoco Phillips, Total (formerly state owned) and Gazprom (effectively state owne
oil companies by revenue, following Shell (which is in partnership with SaudiAramco, a
Saudi SOE) ExxonMobil and BP (formerly state owned), and ahead of China
National Oil Company, Chevron, Conoco Phillips, Total (formerly state owned) and Gazprom (effectively state owne
Oil Company, Chevron, Conoco Phillips, Total (formerly state owned) and Gazprom (effectively state owned).
Any geologist who works for Exxon Mobil, Shell, BP, Haliburton, Schlumberger, Gasprom,
Saudi Aramco, Baker and Hughes, Petrobras, China's
national oil company or any of the thousands of mining or
oil or natural gas related
companies that make a living finding fossil fuels, will tell you these fossil fuels take millions of years to develop from the remains of large forests or marine creatures.
Whether they do depends as much on geopolitics as geology — the vagaries of market speculation on future
oil prices and how much economic pain private
oil companies can take compared with their
national oil company counterparts, like
Saudi Arabia's Aramco.
September 20, 2016 • Analysts say
Saudi Arabia's
national oil company may be trying to buy a refinery in the U.S.. It's part of an effort to build an economy that goes beyond
oil exports.
One more thought: think of the
Saudis, the Venezuelans, etc... all of the
national oil companies.
For example
National Oil Companies such as
Saudi Aramco may have decades of proven reserves, but could never produce them all within the next 15 - 20 years.
The top ten carbon majors include ChevronTexaco, Exxon - Mobil, BP and Royal Dutch Shell, along with government - run industries in the former USSR, China and Poland, as well as the nationally owned
Saudi Aramco, Gazprom and the
National Iranian
Oil Company.
Sadad al - Husseini, recently retired as head of exploration and production at Aramco, the
Saudi national oil company, notes that new
oil output coming on - line had to be sufficient to cover both annual growth in world demand of at least 2 million barrels a day and the annual decline in production from existing fields of over 4 million barrels a day.
The Latham move is among the more spectacular lateral raids of recent years and has raised serious questions about White & Case's London finance practice, its position in the Middle East market, and its relationships with such important clients as Deutsche Bank and
Saudi Aramco,
Saudi Arabia's
national oil company.