ADNOC has said that it would aim to double its refining capacity in a major push to expand its downstream operations.
Read More »Saudi Aramco IPO may Not Happen
A decision on what to do rests in the hands of Crown Prince Mohammed bin Salman.
Read More »Gulf Sovereign Wealth Funds Commit to Climate Pledge
The development builds on discussions during a climate summit in Paris last year.
Read More »China’s Energy Giant Enters the Greek Market
The cooperation deal envisages investments worth at least €3 billion ($3.5 billion) in the Greek market.
Read More »South Korea Sends Delegation to Iran ahead Resumption of US Sanctions
Government working to negotiate with Trump administration to maintain relations with Iran.
Read More »UAE-China Trade Grow almost 52.65 bln USD Last Year
The UAE’s foreign trade with China made up 14.7 per cent of the country’s foreign total trade in 2017.
Read More »Saudi Arabia Pumped 10.488 Million bpd of Oil in June
The total amount of oil Saudi Arabia supplied to the market in June was around 10.579 million bpd.
Read More »Saudi Aramco Changes Asia Crude Oil Price Formula
The world’s third largest crude oil supplier currently produces about 10 million bpd and has the capacity to produce 12 million bpd.
Read More »TANAP will Support Regional Trade. Improve Connectivity
The Trans Anatolian Natural Gas Pipeline (TANAP) will support regional trade and improve connectivity.
Read More »Azerbaijan may Refuse Electricity Imports from Russia
Azerbaijan abandons plans to increase electricity imports from Russia.
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