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FINANCIAL NEWS
Russia’s Lukoil eyes gas deal with Saudi Arabia
19 Mar 2014
(MENAFN) Russia’s Lukoil plans to tap unconventional gas deposits in Saudi Arabia through a deal with the world’s top oil exporter, according to Arab News.
Saudi Arabia needs natural gas to help cover domestic power and conserve oil for export.
Sadad Al-Husseini, a former senior executive at Saudi Aramco said: “The assumptions of the initial gas exploration agreements do not exist anymore because in spite of a decade of exploration, no commercial gas discoveries have been made.”
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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