Tag Archives: Persian Gulf Countries

The agreement extends to sea areas around all ports owned and managed by Abu Dhabi Ports.

ADNOC has said that it would aim to double its refining capacity in a major push to expand its downstream operations.

A decision on what to do rests in the hands of Crown Prince Mohammed bin Salman.

The development builds on discussions during a climate summit in Paris last year.

The UAE’s foreign trade with China made up 14.7 per cent of the country’s foreign total trade in 2017.

The total amount of oil Saudi Arabia supplied to the market in June was around 10.579 million bpd.

The world’s third largest crude oil supplier currently produces about 10 million bpd and has the capacity to produce 12 million bpd.

Moscow and Riyadh recently announced their desire to pump more oil after a relative hike in prices.

The statement said the kingdom will coordinate with other producers.

The terms of the agreement reached last month were ambiguous.