Dossier
Ras Tanura oil refinery and oil terminal
Coverage of Ras Tanura oil refinery and oil terminal in the Nexus archive.
- Oil Drops as Flows in Hormuz Persist and OPEC+ Flags More Supply
Oil prices dropped due to sustained flows through Hormuz and increased supply flagged by OPEC+. Saudi Aramco aims to expand into refining and chemical production to align with growing demand and support economic diversification.
- Aramco Profit Tops Estimates After War-Driven Oil Price Rise
Saudi Aramco's profit exceeds estimates due to the rise in oil prices caused by war. The company aims to expand its refining and chemical operations globally. This growth supports Saudi Arabia's economic diversification efforts.