Tag Archives: Persian Gulf Countries

The city is expected to add 22.5 billion riyals ($6 billion) to gross domestic product (GDP) each year and create thousands of jobs.

Libya and Nigeria have seen a significant increase in oil production in May and June.

Iran began exporting gas to Iraq in June after several years of delays.

Australia is likely to emerge as the second largest LNG supplier globally in the coming years.

Qatari banks. whose $50 billion external liabilities dwarf central bank reserves. may need more aid if the crisis deepens.

Aramco plans to invest $300 billion over the next decade. with the focus on gas.

The operation of the Al Shaheen Field under the new arrangement runs for 25 years. starting on July 14.

Despite U.S. production records. Saudi Aramco CEO Amin Nasser believes shale oil won’t be enough to prevent a future shortage.

The field holds 2.5 billion barrels of crude oil in place. some 400 million barrels of which are recoverable.

France'.s Total signed a deal earlier this month to help Iran increase gas output from the giant South Pars gas field. which the country shares with Qatar.