MUST-READS

• Saudi Oil Policy
  Saudi Arabia Says It Slashed December Oil Production By 300,000 Bpd

  OPEC’s largest producer and de facto leader, Saudi Arabia, told the cartel that its December crude oil production dropped by nearly 300,000 bpd from November to 9.594 million bpd, a much steeper decline than OPEC’s secondary-sources estimate of an 111,000-bpd fall, the organization’s Monthly Oil Market Report (MOMR) showed on Wednesday.

• Fracking
  Saudi Arabia and UAE moving into hydraulic fracturing

  The agreement establishes an alliance between TAQA and UAE-based AlMansoori Petroleum Services to provide high-end fully-integrated fracturing and stimulation solutions

  • Saudi Aramco - Saudi Aramco hosts IPTC with record participation
• LNG
  Aramco Trading Company hires LNG trading manager -sources

  The Saudi state oil giant plans to become a major global gas player and has been developing its own gas resources as well as eyeing gas assets in the United States, Russia, Australia and Africa, its chief executive officer and the Saudi energy minister have said.

• Aramco
  Saudi Aramco still betting on oil expansions, says GlobalData

  Somayeh Davodi, Oil and Gas Analyst at GlobalData, comments: “The major expansions at Saudi Aramco’s offshore oil fields of Marjan, Zuluf, Safaniyah and Berri are expected to comprise the majority of the company’s upstream investment over the next three years. Although these developments will also add gas and NGL capacity, the main addition will be oil.”

• Abu Dhabi National Oil Company
  As Aramco hails record IPO, Abu Dhabi’s ADNOC whips up $19 billion

  However the Abu Dhabi National Oil Company, to give its full name, has raised more than $19 billion over the past three years from overseas investors, according to Reuters calculations based on publicly released size of investments, signing fees and share sales.

• Transportation
  Saudi’s Flynas sees 15% rise in air passengers in 2019

  Saudi’s national airline Flynas has seen a 15% rise in travellers in 2019 at 7.9 million compared to 6.6 million in 2018, according to the Saudi Gazette.

• ICT
  Saudi Arabia to issue more MVNO licenses

  The RFP document indicated that companies awarded with a MVNO license will gain access to a market of more than 43.8 million mobile subscribers, with a mobile penetration rate of 129 percent of the total population.

• Capital Markets
  Saudi CMA approves clearing center rules

  The Saudi Securities Clearing Center Company (Muqassa) announced that the board of the Capital Market Authority (CMA) has approved the securities clearing centre rules and procedures. The rules regulate the clearing members responsibilities and enhance Muqassa’s role as a Central Counterparty (CCP) clearing house in the Saudi capital market, according to a statement to the Saudi Stock Exchange (Tadawul).

• Turkey
  Turkey Removes Ban on Wikipedia After Almost Three Years

  The Turkish government has blocked access to other popular websites such as Twitter, YouTube and Facebook in the past, for allegedly promoting terrorist propaganda or insults against Turkish political figures.

• Dakar Rally
  Photos From the 2020 Dakar Rally

  Leaving from Jeddah, Saudi Arabia, on January 5, a group of 560 competitors began the 42nd annual Dakar Rally: a 12-day, 4,660-mile (7,500-kilometer) off-roading adventure held entirely in Saudi Arabia this year.

  • Arabian Business - Carlos Sainz extends Dakar Rally lead in Saudi Arabia
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