Tag Archives: Persian Gulf Countries

Analysis suggests demand for global crude oil will rise to 89mn barrels per day by 2030.

Aramco planned to invest up to $1.6 billion in Hyundai Oilbank. to expand its foothold in South Korea.

Aramco fully owns three refineries in Saudi Arabia and the Motiva Enterprises LLC plant in the U.S.

The UAE can raise production to 3.5 million barrels per day. only if needed.

TAPI is an important linchpin in the realization of the New Silk Road in the arena of energy.

The bond sale represents an alternate way for Saudi Arabia to raise money and diversify from oil.

Surging oil prices over more than a decade helped many Gulf states expand aggressively at home and abroad.

At the current price of USD 70 per barrel. the annual value of global oil output is USD 2.5 trillion.

The change could add nearly 7 percent to the price used to determine the royalty.

Ghawar in Saudi Arabia is the world'.s largest conventional oil field.