Tag Archives: Persian Gulf Countries

The market share that Saudi Arabia has lost in China is a result of the Kingdom’s current policy to try to boost oil prices.

Vladimir Putin hopes first official trip by Saudi monarch to Moscow will seal powerful new alliance centered on oil and conflicts in the Gulf states.

Moscow said last month it had discussed with Riyadh extending the deal but no specific decisions had been made ahead of a Nov. 30 producers’ meeting in Vienna.

Given PCG’s strength in the region’s petrochemicals sector. Saudi Aramco is proud to be entering into a deeper. mutually beneficial partnership in PIC.

For the first quarter of 2017. according to OPEC figures. ADNOC pumped an average 2.935 million bpd and in the second quarter. it produced 2.91 million bpd of crude.

In this context. the IPO of Aramco becomes even more essential for Prince Mohammed’s diversification plans.

The OPEC leader has lost ground to rivals selling in some of its key Asian export markets. most particularly China and India.

In the meantime. the Saudis have lost some of their market share. both to Russia and Iraq.

Saudi Arabia’s fertilizer products portfolio consists of ammonia (26 percent). urea (28 percent). and diammonium phosphate (DAP) MAP (22 percent).

On the Dolphin line which supplies the UAE with gas. al-Kaabi renewed the State’s commitment to all its pledges to supply oil and gas.