Tag: Oil
UAE seeks GDP with zero oil contribution in 50 years
Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said that the UAE is planning to become the first country in...
Top management reshuffle: Aramco eyes better growth opportunities
Saudi Aramco, the oil giant, is establishing a corporate development arm to optimize its portfolio of various assets and secure access to growth markets.
The...
Saudi Aramco weighs spending cut as dividend commitment looms
World's largest crude oil exporter, Saudi Aramco is reportedly planning to cut its capital spending (CAPEX) somewhere between $20 billion to $25 billion this...
ADNOC weighs global expansion with Wanhua Chemical JV
Abu Dhabi National Oil Company (ADNOC)'s shipping and maritime logistics subsidiary, ADNOC Logistics and Services (ADNOC L&S) has entered into a new joint venture...
Saudi Aramco – Reliance deal stalled due to unanticipated situations
India's Reliance Industries' plans to sell a 20% stake in its oil-to-chemical business to the world's top oil exporter Saudi Aramco has been delayed. The operator...
OPEC+ to reduce production cuts by August as oil demand rise
After several substantial cuts in its oil production, OPEC+, an alliance of crude producers led by Saudi Arabia is expected to increase oil production...
China gains from COVID-19; Doubled Saudi oil imports in May to...
China's crude oil trade numbers regestered new heights as it doubled the import from the Kingdom of Saudi Arabia which maintained its status quo...
50% increase in Oil and Gas output expected from Block 61,...
UK-based multinational oil and gas corporation British Petroleum (BP) has revealed that it's regional unit BP Oman is planning to commence delivering 500 million...
