Tag Archives: Persian Gulf Countries

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.

The company is preparing to raise debt in part to pay for the acquisition of a majority stake in domestic petro-chemical group Sabic.

Sabic was formed in the 1970s to make use of byproducts from refineries.

Aramco’s gas expansion strategy needs $150 billion of investment over the next decade.

Saudi Arabia earlier this year awarded a contract to develop its first wind project.

Qatar is the global LNG exporter leader and has the world’s largest LNG liquefaction capacity.

18 ministers had already confirmed they would attend the event.

Iran’s daily gas production from the field now exceeds that of Qatar.