Business | June 4, 2001
Saudi Arabia signed agreements with nine international oil companies Sunday, a move that marks the first major foreign investment in its energy sector since nationalizing the industry in 1975.
Business | February 19, 2001
Exxon Mobil Corp., BP Amoco, Royal Dutch/Shell Group, TotalFinaElf and other oil companies may sign multibillion-dollar gas projects with Saudi Arabia as early as April, the country's foreign minister said.
Business | September 28, 2000
Oil superpower Saudi Arabia told an OPEC summit in Caracas, Venezuela, that it stands ready to supply the amount of crude needed to tame unruly prices but urged consuming countries to play their part by reducing fuel taxes.
Business | July 12, 2000
Fluor Corp.'s Fluor Daniel engineering and construction unit said Tuesday that it has received an $800-million contract to oversee the development and installation of a petrochemical plant in Saudi Arabia.
Business | July 5, 2000
Oil futures tumbled Tuesday, offering consumers hope that sustained price relief may be on its way, the day after Saudi Arabia broke ranks with OPEC colleagues and pledged to pump more crude.
News | Stuart Silverstein | July 4, 2000
Saudi Arabia provided hope for a break in high worldwide oil prices Monday by pledging to step up production by 500,000 barrels a day if the current price of crude doesn't fall swiftly and sharply.
Business | March 3, 2000
Three powerful oil-producing nations--Saudi Arabia, Venezuela and Mexico--met in London and reiterated plans to boost production later this year but did not say how much or when.
