Tag Archives: Trade

International trading firms Petredec and Glencore lifted cargoes from Iranian ports in December.

In September. Reuters and The Washington Post both reported that Russia was helping North Korea avoid U.S. sanctions and providing the country with fuel.

Saudi Arabia and Iraq are respectively the biggest and second biggest producers of OPEC.

Russian pipe companies are also introducing pipes. associated equipment and structural materials for natural gas liquefaction and offshore development projects.

Shares of South Korean goods on the global market rose to a record 3.3 percent in the first half of this year.

At $60. the Kingdom and some other Gulf countries (though not Oman and Bahrain) will probably run a current account surplus for 2018.

Projections of LNG demand reveal growth of over 3%-5% per year until 2030.

Oil crashed to its lowest levels in over a decade in February 2016 from a high of $115 a barrel three years ago.

Iran is eager to attract investment from big Russian oil companies. and is ready to cooperate with Russia in the oil and gas industry.

The U.S.-Asia route is at least twice as long as that from the Middle East to the main Asian trading hubs in China. Japan. South Korea. Taiwan and Singapore.