Tag Archives: Persian Gulf Countries

Part of the project includes a third agreement with Zhejiang Energy to invest in a retail fuel network.

Cooperation by Russia and Saudi Arabia on international energy markets will be continued.

The investments could help Saudi Arabia regain its place as the top oil exporter to China.

Both the sides agreed to establish a JWG aiming to exchange information.

Saudi Arabia has signed an agreement to supply Pakistan with crude oil and petroleum products.

The Saudi giant and the French group are already partners in several large-scale projects in Saudi Arabia.

Riyadh projects that its budget deficit will decrease this year to 131 billion riyals.

Moscow is better positioned to balance its budget at current levels than Saudi Arabia.

Aramco is also expanding its refining investments in China.

The move is the latest involving Siemens in the GCC.