Tag Archives: Persian Gulf Countries

Pertamina has signed a joint venture agreement with Aramco for the Cilacap refinery upgrade with a total investment value of around US$5.8 billion.

Thirty-nine countries imported LNG in 2016. up by four from the previous year. with 70 percent of world consumption in Asia.

Yamal LNG has raised additional finance with several European banks.

Saudi Arabia is reducing its oil exports to Asia by around 7 million barrels this month.

The U.S. is expected to ‘dethrone’ Qatar. the biggest global LNG exporter. with its 30 planned LNG terminals and with six more under construction.

Iraq is OPEC”s second largest oil producer after Saudi Arabia. recording a daily production of 477.5 million barrels per day in 2016.

Short-term variations in supply won’t affect the long-term trend of declining inventories. Al-Falih said.

Crude prices fell about 4 per cent this week after US data showed a surprise 3.3 million barrel rise in crude inventories to 513.2 million barrels.

The Russian Energy Ministry plans to hold a familiarization tour for colleagues from Saudi Arabia for projects in Siberia in July.

Qatar exported 78.8 million mt of LNG in 2016. more than 30% of a total global supply of 257.8 million mt.