Saudi Arabia temporarily halted oil shipments through the lane on July 25
Kuwait has raised its oil output under June’s OPEC agreement
Petrol prices are up marginally in August while the cost of diesel has been reduced
The $24.4bn plant is the world’s largest nuclear project under construction
Wren House fought off bids from JP Morgan, Blackstone, and private equity fund KKR to buy NSMP, sources said
The agreement was signed during Chinese President Xi Jinping’s visit to the UAE
Aramco’s IPO is expected to be launched in 2019
Chinese President Xi Jinping will begin a three-day visit to the UAE on Thursday
No personnel were injured and there will be no impact on operations, the company said
Aramco is said to have invited banks to advise on the deal last month
The Trump administration is pushing countries to cut all imports of Iranian oil from November
The kingdom is initially planning to build at least two nuclear reactors
Production at the Wafra field was halted in 2015
The start-up of operations at the nuclear power plant has been delayed
Documents seen by Reuters show that Aramco made more money than any other oil company in 2016
To replace Iranian barrels, Saudi would have to produce more oil than it has ever pumped before, writes Reuters analyst John Kemp
The contracts will cover a 400/132kV substation, two 132/11 kV substations, and 75km of 132kV ground cables
OPEC agreed with Russia and other oil-producing allies last month to raise output from July
Saudi King Salman has assured Trump that the kingdom can raise oil production if needed
ADNOC remains on track to increase its production capacity to 3.5 million bpd by the end of 2018
The firm is tasked with doubling production at the Bou Hasir field
The two discussed the need to “amend the current monitoring procedures”, according to SPA
The winner of the tender is expected to be chosen in 2019
The International Atomic Energy Agency has identified areas that need further action before starting the reactor can start operations
The new venture, with NOV, will be based in Ras Al-Khair
OPEC and other major oil producers agreed to boost supplies last week
The group has signed an aviation technical and marketing services agreement with Raven Energy
Kuwait previously said it was preparing to restart production in the Neutral Zone in late 2016
OPEC agreed on Friday to raise output from July