Tag Archives: Asia

Saudi Arabia ".clearly sees Asia as its backyard and as a center of growth and long-term source of demand.

The establishment of joint venture is a follow-up of a MOU for new business opportunities collaboration signed in November 2015 with Saudi Aramco.

Iraq is the second-largest member of OPEC after Saudi Arabia.

That marked only the second time the weekly oil-rig count fell this year. Oil-rig numbers had climbed for 23 weeks in a row.

Qatar is the world’s biggest producer of Liquefied Natural Gas (LNG). Qatar’s current production is up to 77 million tons per year.

ONGC Videsh and Indian Oil each own 40 percent interest in the Farsi block that holds Farzad-B field. while Oil India has 20 percent.

A fifth trade source surveyed by Reuters said the price for the grade would remain unchanged from this month.

The SOCAR is Azerbaijan’s largest oil and gas company and AzMeCo’s activity is focused on petrochemical projects development.

The kingdom expects its privatization programme to yield about $200bn in total through the full or partial sale of government firms.

LNG imports could also ease trade tensions between South Korea and President Donald Trump. The U.S. ran a $17 billion trade deficit in goods and services with South Korea in 2016.