Tag Archives: Asia

Russian companies officially agreed to bring investment to Pakistan and establish a medium-sized oil refinery in district Kohat of KP province.

Rosneft is one of the international firms involved in the exploration and exploitation of Egypt’s Zohr gas field.

Some financial and legal advisers have recommended London as a safer bet.

The company moved about 80 percent of the crude it pumps from its 44.000-45.000 barrels per day field through the swap deal.

Al-Falih told Arab News that they discussed Iraq’s huge mineral reserves. which have yet to be explored or invested in.

Saudi Arabia told OPEC it cut output to 10.01 million bpd last month. from 10.07 million bpd in June. meaning its production fell back below its OPEC target of 10.058 million bpd.

Petronas will continue to focus on growing its crude oil business which now contributes to 80% of its $1.5 billion revenue from India.

The IMF noted that the medium-term growth prospects for Iraq are positive.

The project. worth 12 billion yen. will be through a sector soft loan from Japan'.s Official Development Assistance (ODA) that will be paid over 40 years. including a 10-year grace period.

Aramco. which is leading construction of the shipyard. did not reveal the value of the contract.