International

Aramco’s petrochemicals output is about 30 million tonnes a year from plants it owns and joint ventures in Saudi Arabia and abroad.

BP sees Chinese demand for oil surging 61 percent. and gas demand soaring 186 percent by 2035.

Novatek has signed a preliminary agreement with Kamchatka Territorial Government to build the terminal.

The government lost the al-Omar field to other insurgents in 2013.

Both the local and global firms are keen to form consortiums for the coveted project.

The agreement comes amid tensions over Kurdish claims to sovereignty with reports of armed clashes between Kurdish forces and Iraqi government troops.

Shell believes it can almost double the earnings from its chemicals business within the next two years.

ESPO is one of the most actively traded crude oils in Asia. and is popular among Chinese refiners.

Edison will acquire 100 percent of Gas Natural Vendita Italia (GNVI).

The kingdom’s oil company dismisses reports it could drop huge international float in favour of private stake sales.