The R&.D center will focus on the development of petrochemical products. materials. and energy efficiency.
Read More »Saudi Aramco Set for Mega Bond Sale
The bond sale represents an alternate way for Saudi Arabia to raise money and diversify from oil.
Read More »Asian LNG Glut Surpasses China’s Strong Demand Growth
China continues its effort to switch away from coal.
Read More »Gulf Firms Confront New Era of Low Oil Prices with Merger Wave
Surging oil prices over more than a decade helped many Gulf states expand aggressively at home and abroad.
Read More »Iraqi Oil Min. Calls for Enhanced Energy Cooperation with Iran
Iraq had a company like EIED which could establish ties with its Iranian opposite number.
Read More »China to Develop World’s Largest LNG Carrier to Meet its Surging Demand
In 2018. China imported 54M tonnes of LNG. a 42% rise over 2017 when 37.8M tonnes of LNG was imported.
Read More »Saudi Arabia to Ditch Dollar if Washington Passes NOPEC Bill
At the current price of USD 70 per barrel. the annual value of global oil output is USD 2.5 trillion.
Read More »Lebanon Oil and Gas will Tempt Mediterranean Region
Lebanon has 95.9 trillion cubic feet of gas and 865 million barrels of oil in just 45 percent of its economic waters.
Read More »Materializing US-China Trade Deal will Affect Commodity Prices
All the signs are that US-China trade talks are progressing well.
Read More »Saudis Raised Taxation on Aramco by Switching to Brent Oil
The change could add nearly 7 percent to the price used to determine the royalty.
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