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Vladimir Putin hopes first official trip by Saudi monarch to Moscow will seal powerful new alliance centered on oil and conflicts in the Gulf states.
Read More »Saudi king`s Visit to Russia Heralds Shift in Global Power Structures
Call for Petrochem Investments in Underdeveloped Areas
The country hopes to double its petrochemical output capacity to 120 million tons or more within five years.
Read More »Saudi King Heads to Russia. with Oil. Investment and Syria on Agenda
Moscow said last month it had discussed with Riyadh extending the deal but no specific decisions had been made ahead of a Nov. 30 producers’ meeting in Vienna.
Read More »Russia. China to Benefit from U.S. Sanctions On Venezuela
Chinese companies have moved into Venezuelan upstream activities as well. However. here the primary play has been to control oil export revenues.
Read More »Saudis See Economy Shrink in Spite of Higher Oil Prices
In this context. the IPO of Aramco becomes even more essential for Prince Mohammed’s diversification plans.
Read More »Erdogan`s Visit to Tehran Very Important Due to Regional Developments
The two countries'. cooperation will form stability in the region.
Read More »Saudi Aramco Plans to Invest Over $300bn in Next Decade
CEO Amin Nasser also says the outlook for oil supplies is '.increasingly worrying'..
Read More »Iran Pledges to Sustain Oil Exports Despite Trump`s Threat
Iran also plans to introduce its new heavy crude grade from the West Karoun oil field as soon as six months from now.
Read More »Iranian Firm to Build Utility Vessels for Oil Platforms
IOOC is working on most of Iran'.s oil platforms. adding that since about two years ago.
Read More »What Happens If Trump Trashes the Iran Nuclear Deal?
Iran currently produces about 3.8 million barrels per day (mb d) and exports about 2.2 mb d. plus 400.000 bpd of condensate.
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