Tag Archives: Persian Gulf Countries

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.

Total however also has large projects in Saudi Arabia and the UAE. highlighting the complexity of investing in the Middle East.

Total. which will take over the field operation from Maersk Oil on July 14. plans to invest $2 billion in expanding the field over the next five years.

Annual report gives little away on IPO. but offers hints about downstream plans.