Kuwait determined to implement oil accord to support crude prices
The country’s efforts stem from the need to reduce excess output which might result in falling prices...
Category : Oil & Gas
Saudi Aramco buys 20% in Reliance’s OTC business for $15 bn
The deal is India's largest foreign direct investment till date...
Korea, China banks extend loans for Chile gas terminal deal
The banks have offered $120 million to the IPM led consortium to acquire 37 percent of a Chile gas terminal...
Saudi Aramco valuation gap might complicate its IPO
While Saudi Crown Prince Mohammed Bin Salman is insisting on a US$2 tn valuation, bankers value the company at $1.5 tn...
Brazil liberalisation to unlock natural gas value chain
The decision is aimed at stimulating demand from the power sector and at lowering the domestic price of the fuel...
Kuwait’s PIC, South Korean firm to set up $1.2 bn JV
PIC will hold a 49% stake worth $476.2 mn in the new company whereas South Korea’s SKC will hold 51%...
Iraq, Kuwait sign agreement for joint technical oil field study
The contract will study options to develop and exploit the oil fields on the border between Iraq and Kuwait...
Oman’s PDO to increase oil output by 10% in 5 years
Petroleum Development Oman is expected to boost output capacity to 670,000 barrels per day...
Mubadala expected to submit bid for Petrobras LPG assets
The Brazilian oil firm expects to raise between $630 mn and $755 mn from the assets sale...
Adnoc Distribution entering India’s lube market to boost sales
The move is part of Adnoc’s plan to globalise itself in the lubricants and base oils market...