Wael Mahdi

Wael Mahdi
Business Aramco

Saudi Aramco Appoints New Senior Vice President for Finance

Saudi Aramco has made new appointments during a meeting of its board of directors, sources told Bloomberg. They said the board approved for Khalid al…

Wael Mahdi (Kuwait)
Business Kuwait’s KUFPEC Borrows $1.1 Bn to Expand Shale Gas Business

Kuwait’s KUFPEC Borrows $1.1 Bn to Expand Shale Gas Business

The Kuwait Foreign Petroleum Exploration Company (KUFPEC) has signed a $1.1 billion finance deal with a number of banks to expand its oil and gas operations,…

Wael Mahdi (Kuwait)
Business Nasser

Nasser: Aramco's Potential SABIC Deal to Impact IPO Timing

Saudi Aramco's potential acquisition of a stake in Saudi petrochemicals maker SABIC would affect the time frame of its own planned initial public offering,…

Wael Mahdi (Kuwait)
Business Trump

Trump Considers Tapping US Oil Reserve

The Trump administration is actively considering tapping into the nation’s emergency supply of crude oil as political pressure grows to rein in rising gasoline…

Wael Mahdi (Kuwait)
Business Aramco Changes Asia Crude Oil Prices for First Time in 3 Decades

Aramco Changes Asia Crude Oil Prices for First Time in 3 Decades

S&P Global Platts received a blow on Wednesday after Saudi Aramco announced that it is adjusting its Asia crude oil pricing marker in an effort to increase the…

Wael Mahdi (Kuwait)
Business Saudi Arabia Raises Monthly Oil Production to Highest Level in 5 Years

Saudi Arabia Raises Monthly Oil Production to Highest Level in 5 Years

It appears that Saudi Arabia responded to the world demand for its oil, as it began boosting output by 330,000 barrels a day in June to 10.3 million barrel per…

Wael Mahdi (Kuwait)
Business After US Pressure, Asian Refineries Seek Iran Oil Alternatives

After US Pressure, Asian Refineries Seek Iran Oil Alternatives

Asian oil importers are stepping up efforts to diversify crude sources and Iranian oil payment mechanisms after the US announced it is pressing buyers to…

Wael Mahdi (Kuwait)
Business Saudi Arabia to Increase Oil Output in July to Record Rate

Saudi Arabia to Increase Oil Output in July to Record Rate

State oil company Saudi Aramco is aiming to boost production next month to about 10.8 million barrels a day, the people said, asking not be named discussing…

Wael Mahdi (Kuwait)