Eni'.s strategy supports the development of '.game changer'. technologies that respond to the world'.s growing energy needs.

Aramco is currently drilling for gas in Jafurah and in South Ghawar. the world’s largest oil field.

Iraqi oil production has remained stable at 4.36 million b d from September to February.

The project is expected to achieve a direct conversion rate from crude oil to chemicals of almost 50 percent.

New York and London have long been the clear frontrunners to host the international leg of the flotation. alongside a Riyadh listing.

In countries like Brazil and Mexico. the slowdown at old fields jumped to double-digit rates last year.

The IPO will be '.anchored'. by a listing on Saudi Arabia'.s local exchange.

Malaysia'.s state-owned Petronas plans to upgrade its refinery in Kerteh.

Similar cooperation could be created in various countries around the world if such a model is developed.

The IEA sees demand for OPEC oil actually declining in absolute terms over the next few years .