Tag Archives: International Companies

Equity markets across the Middle East slumped after the worst week for oil prices since 2008 and as more cases of the coronavirus were announced in the region.

Russia’s state oil company paid $250 million to an external consultant to help secure deals in Iraqi Kurdistan. according to documents that shed new light on transactions that have strengthened Moscow’s presence in the Middle East.

Two of Switzerland’s largest trade fairs fell victim to the coronavirus epidemic. with organizers of the Geneva International Motor Show and the Baselworld watch fair pulling the plug on this year’s salons as the outbreak spreads in Europe.

CERAWeek. organized by consultancy IHS Markit was scheduled to run from March 9 to 13 in Houston.

Iran will inaugurate a production line for a totally home-made self-shifting transmission. for the first time in the history of its car-making industry. in a show of defiance to US’ sanctions.

Saudi Aramco has announced that it will be pumping $110 billion over the next couple of years to develop the Jafurah gas field.

Eni’s plan today includes upstream production growth at an annual rate of 3.5 percent up to 2025.

The European Union blacklisted two Turkish nationals as retaliation over Ankara’s energy drilling off Cyprus in a move that has more political symbolism than economic punch.

Saudi Arabia has so far been thwarted by Russia in its push to shore up oil markets against the coronavirus. But when they meet next week. the humbled kingdom may yet clinch victory.

Saudi Aramco’s planned purchase of the region’s biggest petrochemical company comes as it targets downstream investments in a move away from relying on crude oil sales.