APICORP’s new CEO is Khalid bin Ali Al-Ruwaigh
The Arab Petroleum Investments Corporation (APICORP), a multilateral financial institution, on Monday announced the appointment of Khalid bin Ali Al-Ruwaigh as its new CEO, taking over from Dr. Ahmed Ali Attiga who led the organization over the past five years, during which APICORP successfully navigated an ever-changing business and energy landscape. Commenting on the appointment […]
Pearl GTL plant wins Asset of the Year award
Pearl GTL, the largest plant of its kind in the world, won “Asset of the Year” award by Shell in recognition of its outstanding operational, production, sustainability, and safety performance in 2021. The prestigious award by Shell, the plant’s operator, recognizes the best organizations and projects in a competitive process that includes all of Shell’s […]
Oil prices see another weekly gain as EU nears Russia ban
Oil prices rose almost 1.5 percent on Friday, settling with a second straight weekly increase as impending European Union sanctions on Russian oil raised the prospect of tighter supply and had traders shrugging off worries about global economic growth. Brent futures rose $1.49, or 1.3 percent, to settle at $112.39 per barrel. US West Texas […]