Wael Mahdi

Wael Mahdi
Business gas

Saudi Arabia Continues Efforts to Stabilize Market, Reduces December Oil Exports

Saudi Arabia continues its efforts to stabilize market balance as rapidly as possible, through supporting the current production-cut agreement between the…

Wael Mahdi (Kuwait)
Business Saudi Energy Minister: Last Oil Barrel Produced Globally will be from Saudi Arabia

Saudi Energy Minister: Last Oil Barrel Produced Globally will be from Saudi Arabia

Saudi Minister of Energy and Industry Khalid al-Falih supported the public offering of Saudi Aramco and confirmed the company has several elements that…

Wael Mahdi (Riyadh)
Business Saudi, Iraq

Saudi Arabia, Iraq Agree on Importance of Commitment to Oil Production Cut

OPEC announced commitment to the oil-cut agreement reached a historic level last month, as Saudi Arabia and Iraq stressed the importance of full compliance…

Wael Mahdi (Kuwait)
Business OPEC

King Salman Sends Message to Bouteflika

Prime Minister of the Republic of Algeria Ahmed Ouyahia received a message sent by Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud to…

Wael Mahdi (Kuwait)
Business Khalid al-Falih

Saudi-Russian Scenario to Extend OPEC Agreement till End of 2018

Russia and Saudi Arabia’s remarks Thursday have revived oil markets and hopes of another year of trying to rebalance the oil market after the Kingdom showed…

Wael Mahdi (Kuwait)
Business Aramco

Aramco in Talks with Russia's Biggest Petrochemical Producer

Saudi Arabian Oil Co. Aramco is in talks with Sibur Holding PJSC, Russia’s largest petrochemical producer, about forming a joint venture in the kingdom. Saudi…

Wael Mahdi (Kuwait)
Business Kuwait, Venezuela Deny Existence of a ‘Current Agreement’ to Extend Oil Cut

Kuwait, Venezuela Deny Existence of a ‘Current Agreement’ to Extend Oil Cut

Each of Kuwait and Venezuela confirmed that the Organization of the Petroleum Exporting Countries (OPEC) is not nearly close to extending the current cut in…

Wael Mahdi (Kuwait)
Business Harvey, Aramco

After Harvey, Aramco Shuts Down Biggest Refinery in US

Damages resulting from Harvey storm on the US refining sector mounted as Motiva Enterprises – owned by Aramco – announced that it would completely halt…

Wael Mahdi (Kuwait)