Saudi Arabia’s compliance with OPEC’s output-cut deal fell to 26 percent in June.
Read More »ADNOC Subsidiary Awards Contract to Develop Offshore Oil Field
Agreement aims to increase production capacity from the Bu Haseer field from 8.000 bpd too 16.000 bpd.
Read More »MAN to Power Gas-Engine Power Plant in Oman
ICV is an ambitious plan embarked by the Government to boost the oil and gas industry’s contribution in the Sultanate’s socio-economic development.
Read More »Venezuela’s Oil Crisis
China has decided to invest &.25 million to help slow the decline underway in Venezuela.
Read More »U.S. Asks Saudi Arabia to Keep Oil Market Well Supplied
The U.S. is confident that it would be able to sanction Iran without market disruptions.
Read More »OPEC is Doing Best to Supply Market
It’s unfair to say that OPEC is not doing its part.
Read More »How Saudi Arabia Sets Its Oil Prices
Aramco has used the average of the Oman and Dubai crude prices assessed by Platts since the 1980s as a benchmark.
Read More »Aramco More Flexible To Oil Price Slump
Aramco’s net cash flow from operations increased by 21 percent to US$29 billion in 2016.
Read More »Aramco IPO Preparations Delay
Saudi Aramco and the country aren’t ready for an IPO that could raise $100 billion but also bring unprecedented scrutiny to the company.
Read More »IMF: Non-Oil Economic Growth to Increase by Four per Cent in Oman
Oman posted double-digit fiscal and current account deficits over the past few years.
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