Tag Archives: Persian Gulf Countries

The average selling price for Aramco’s crude fell to $66 bbl in the first half from $69 bbl a year earlier.

Reliance Industries Limited (RIL). is to sell 20 percent of the ownership of its refining and petrochemical business to Saudi Aramco for $15 billion.

OPEC can no longer ignore Russia because of its importance as an oil exporter and its economy.

Saudi Arabia. the world’s largest oil exporter. has already cut production more than required.

Saudi Arabia. the world’s largest oil exporter. has already cut production more than required.

Saudi Arabia. the world’s largest oil exporter. has already cut production more than required.

The two side also discussed the oil market conditions and the Kingdom’s keenness to maintain its stabilities.

In February. Adnoc announced that it is building the world’s largest single underground project for oil storage.

China imported a record amount of crude from Saudi Arabia in June.

Iran is ready to sign non-aggression pacts with the Persian Gulf Arab states.