Tag Archives: Asia

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.

This is a landmark agreement for the Iranian petrochemical industry. the first trilateral investment deal the country'.s company has closed with foreign partners.

The complex is in line with the kingdom’s economic diversification objectives.

CNOOC has a 25 interest in the steam injection scheme. which aims to produce 20.000 barrels a day by late 2018.