Saudi Ports Authority (MAWANI) and Saudi Global Ports (SGP) have signed a build, operate and transfer (BOT) agreement for the container terminals in the King Abdulaziz Port in Dammam
Industry
OPEC, OPEC+ reach deal to cut oil production
OPEC and its allies in the OPEC+ group have finalised a deal to cut production by 9.7 mmbbl per day
CQC, Total collaborate to develop quantum algorithms for CCUS
Software company Cambridge Quantum Computing (CQC) has entered into a multi-year partnership with petroleum refining company Total S.A. to develop quantum algorithms and quantum computing solutions for advanced carbon capture, utilisation and storage (CCUS) technologies
Saudis are confident to quickly bounce back from COVID-19
Saudi Arabia will recover from the global COVID-19 pandemic more quickly than other regional countries, according to more than 81 per cent respondants in APCO Worldwide study
COVID-19 demand update: Oil seen down 9.4 per cent
Rystad Energy’s newest forecast for oil demand now projects a decrease of 9.4 per cent for 2020, or 9.4 million barrels per day (bpd) y-o-y
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