Varied approaches to upstream on either side of the King Fahd Causeway are nothing new, but this week the tables have turned.
Meanwhile, neighbouring
Over the past two years, state-owned Tatweer Petroleum has carried out extensive work to establish target areas through advanced surveys and exploratory wells following the discovery of the offshore Khaleej Al Bahrain (KAB) field, which is estimated to contain 80bn barrels of tight oil.
In another example of the straitened times Aramco finds itself in, the company has returned to the table on negotiations for the leasing out of its oil pipeline network for a period of 25 years. Having previously walked away from discussions, Aramco appointed a new advisor and is reported to be closing in on a deal that would see it bolster its coffers with around
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