Tag Archives: Trade Arabia

OPEC’s cut has boosted oil prices. which in January topped $71 a barrel for the first time since 2014.

The Abu Dhabi oil major plans to invest $3.1 billion into the refinery project to introduce crude processing flexibility.

The pipeline will run for over 350 km. and will be 48 inches in diameter.

Besides the Koreans. the Chinese too are planning multibillion-dollar optimization and expansion of two major oil refineries in Iran.

Brazil is Iran'.s main trading partner. with most business conducted in the mining and agriculture sectors.

The Halfaya oilfield was discovered in 1976 with 4.1 billion barrels in reserves and is situated in the southern part of Iraq .

The UAE has not ceased oil investments since the onset of the price fall.

Saudi Aramco participated as a strategic partner in the event.

Saudi set a record on October 3 in its first solar tender.

Both the local and global firms are keen to form consortiums for the coveted project.