Tag Archives: Persian Gulf Countries

States in the Persian Gulf region understandably are ramping up spending in the midst of the Covid-19 pandemic. But their income also is in sharp decline as oil prices test lows. They must thus decide how to cover newfound deficits as oil trades in the US$20-$35-per-barrel range, and natural gas …

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

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.

Gulf economies will grow at a slower pace than estimated this year as the coronavirus hurts oil demand. trade and tourism. Standard Chartered PLC said.

Saudi Arabia. Egypt and Bahrain are resuming postal services to Qatar -- frozen during a diplomatic rift that’s lasted nearly three years -- following a similar move by the United Arab Emirates.

Saudi Arabia supports the further oil production cut. but Russia is yet to announce its final position on the matter.

Shell. along with energy giant Total. have signed agreements with the Omani government to monetize gas resources in the Greater Barik area.

The Kingdom consumes 688.000 barrels of liquid fuel to generate electricity.

Saudi Aramco has already completed a number of gas processing projects.