Category Archives: Saudi Arabia// L’Arabie Saoudite

Saudi Arabia will purchase 5 corvette patrol vessels from Navantia, a Spanish state-owned shipbuilding company


Saudi Arabia is poised to purchase five Avante 2200 corvette patrol vessels from Navantia, a Spanish state-owned shipbuilding company, which offers its services to both military and civil sectors. Continue reading Saudi Arabia will purchase 5 corvette patrol vessels from Navantia, a Spanish state-owned shipbuilding company

L’Arabie Saoudite réussira-t-elle son pari d’en finir avec sa dépendance à l’or noir?


Afin d’éviter qu’une crise comme celle qui se passe actuellement au Venezuela  arrive sur son sol, l’Arabie Saoudite, la plus grande puissance exportatrice de pétrole brut, planifie d’ores et déjà le changement pour lui permettre de produire 9.5 gigawatts d’énergie renouvelable en éléctricité avant 2030.Cette nouvelle a vite fait le tour des médias locaux et internationaux pendant les deux dernières semaines. Annoncé fin avril, le programme nommée « Vision saoudienne à l’horizon 2030 », vise à réduire la dépendance du royaume vis-à-vis des revenus pétroliers, dont les prix sont en chute libre. Le Royaume d’Arabie Saoudite opte pour une transition vers le solaire,l’éolien,le gaz, et développer des industries en aval, comme la pétrochimie. Continue reading L’Arabie Saoudite réussira-t-elle son pari d’en finir avec sa dépendance à l’or noir?

Saudi Arabia,Russia, Qatar and Venezuela’s deal to have little impact on oil markets


Oil ministers from Saudi Arabia, Qatar, Venezuela and Russia agreed to keep production at January’s levels on Tuesday, but only as long as other major producers do the same. Iran said it would back any measures to stabilize the markets, but avoided committing to capping its own production. So unless Iran also commits, it could put the agreement on hold.

This deal could be the first joint OPEC and non-OPEC deal in 15 years aimed at tackling a growing glut and helping prices recover.

Continue reading Saudi Arabia,Russia, Qatar and Venezuela’s deal to have little impact on oil markets

Are we heading to an “oil war” within Opec?


Who would have been able to predict one year ago that crude oil’s price, which had already plummeted between January, 2014 and January, 2015 from 110 to 50 dollars, will continue its going down and dip under the 30$ mark? Goldman Sachs maybe?

Continue reading Are we heading to an “oil war” within Opec?