Tag Archives: Persian Gulf Countries

Oil produced from the fields reached 33.000 barrels per day in 2017.

When the Aramco IPO was proposed in 2016. Saudi officials had expected it would raise up to $100 billion to fund his reform agenda.

RAPID will contain a 300.000-bpd refinery and a petrochemical complex with a capacity of 7.7 million tonnes a year.

Some 15.000 Yemenis have been killed and thousands more injured since the onset of the Saudi-led aggression.

Saudi Arabia still wants to keep oil prices as high as possible without offending Washington.

Qatar is in talks with German energy groups Uniper and RWE about a partnership for a potential local LNG terminal.

Qatar also set its August Qatar Land crude OSP at $74.00 a barrel. down from $75.25 for the previous month.

The lab will use AI technology to identify concentrated solar energy locations as well as monitor and analyze levels of air pollutants in the country.

The oilfield is one of the three major offshore expansion projects in Saudi Arabia.

Oil prices have stabilized over the last two years largely thanks to a deal between OPEC and non-OPEC oil producers.