Tag Archives: Arab Times

China’s capital city Beijing has expanded use of natural gas to account for 32 percent of its energy mix, becoming the second largest natural gas-consuming city in the world, PetroChina Beijing Gas Pipeline Co told reporters. This is the highest level of natural gas used in a Chinese city, in …

Libya’s oil output has risen to 295,000 barrels following a truce in the OPEC nation’s civil war and the lifting of a blockade on energy facilities. Fields that feed the newly restarted eastern ports of Hariga, Brega and Zueitina are ramping up production, according to a person with knowledge of …

Oman is one of the non-OPEC nations to take part in the JMMC that was formed in 2016 to control falling oil prices.

Saudi Arabia opened its market to direct investment by foreign institutional investors in mid-2015.

Saudi Arabia'.s plan to sell 5 per cent of Saudi Aramco through an initial public offering that may reap the country $100 billion.

Oil production has risen amid efforts to shift excess supplies.

The city is expected to add 22.5 billion riyals ($6 billion) to gross domestic product (GDP) each year and create thousands of jobs.

Australia is likely to emerge as the second largest LNG supplier globally in the coming years.

Aramco plans to invest $300 billion over the next decade. with the focus on gas.

The deal will develop a world-class maritime yard within the King Salman International Complex.