Tag Archives: Persian Gulf Countries

OPEC and its allies achieved a historic 149 per cent compliance in March.

Earlier this year. Russia and Saudi Arabia boosted further their energy ties.

MENA is expected to achieve economic growth of 3.1% in 2018.

Approximately 60 percent of Kuwaiti consumption of natural gas is used for the refining and petrochemical sector.

OPEC and other suppliers including Russia will discuss continuing the global production limits beyond the end of the year.

The kingdom is expected to tender nearly 4GW of renewable capacities this year.

Saudi Arabia’s March production fell 47.000 barrels to 9.934 million barrels a day.

Qatar is the world’s lowest cost major producer of LNG.

In February last year. Tehran and Muscat signed a preliminary agreement on the pipeline project that is estimated to cost $1.2 billion.

Saudi Aramco. the world’s biggest oil producer. is moving to invest in refineries overseas to help lock in demand for its crude.