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The deals conclude ADNOC Offshore'.s round of concession stake awards. raising the total value close to $8bn.
Read More »ADNOC. Austria`s OMV ink $1.5bn Offshore Agreement
Iraq Awards UAE. China Rights to Develop Oil in Northeast
Iraq’s 2018 budget of nearly $88 billion comes with a deficit of more than $10 billion.
Read More »Kuwait Energy Starts Producing Natural Gas from Field in Southern Iraq
Iraq is the Organization of the Petroleum Exporting Countries’ second-largest producer after Saudi Arabia.
Read More »Aramco. Total Eye Saudi Petrol Station Market
Other large energy majors are looking to divest distribution assets and focus more on core exploration activities.
Read More »Aramco Considers to Become One of World`s Biggest Oil Traders
Saudi oil giant plans to trade as much as 6 million barrels a day.
Read More »Oil Market in the Process of Being Balanced
OPEC and non-OPEC producers are restraining production by a total 1.8 million barrels per day to prop up prices under a deal that is to expire at the end of 2018.
Read More »Faleh: Global Market could Absorb Higher Oil Price
Oil has rebounded to over $70 a barrel. after prices crashed to as low as $26 in January 2016.
Read More »Russia Eyes an Exit. while Saudi Arabia Set to Maintain Global Past
OPEC and its allies achieved a historic 149 per cent compliance in March.
Read More »Gazprom and Saudi Aramco Expand Cooperation
Earlier this year. Russia and Saudi Arabia boosted further their energy ties.
Read More »Economic Growth in MENA is 3.1% in 2018
MENA is expected to achieve economic growth of 3.1% in 2018.
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