Tag Archives: Asia

MENA countries need to create 25 million new jobs over the next five years.

The good news of this recovery this year is that the outlook is positive for both oil-importing countries and oil-exporting countries.

Middle Eastern oil exporters had to constrain government spending in recent years after crude prices slid in 2014.

Saudi prices set the trend for Iranian. Kuwaiti and Iraqi prices. affecting more than 12 million bpd of oil bound for Asia.

Growth in Bahrain is being driven by a variety of strongly performing industries.

OPEC focus on market stability and managing surpluses that have a big impact on inventories in global markets.

The companies announced the project in July 2016. and aim to make a final investment decision after all necessary permits are secured.

BOTAŞ and SOCAR will own 50 percent of the company each and are not considering a third partner as yet.

The new ethylene cracker will increase the ethylene capacity by around 1.2 million metric tons per year.

China. a permanent member of the U.N. Security Council. is one of the architects of the agreement.