CEFC purchased the Abu Dhabi stake as part of a spree to expand its energy assets
The company previously announced a commitment to open at least one petrol station in Saudi Arabia
The kingdom is said to be pursuing higher prices to ensure a successful listing of oil giant Saudi Aramco
The firm’s calculations are based on a royalty regime outlined by Bloomberg
The firm was also found to have production costs well below the industry average
The project is the world’s biggest concentrated solar power plant
US shale oil output has been booming over the past year since OPEC reduced its own production
The plant will be one of the largest refining and petrochemical complexes in the world
The country intends to sign an agreement to buy a stake in an Indian refinery and petrochemical project in about one to two weeks
Successful bidders will have the opportunity to explore and then develop and produce blocs with ADNOC.
Kuwait Petroleum International and Oman Oil Company formed a 50/50 joint venture to develop the project in April 2017
The deal is intended to unlock new gas deposits for domestic consumption in North Sumatra
OMV and ADNOC agreed a year ago to evaluate joint opportunities
Bahrain is working on a new 350,000 barrels per day oil pipeline
The Saudi-led coalition said the Houthis attacked the tanker off Yemen’s main port city of Hodeidah on Tuesday
Relations between Russia and Saudi Arabia have warmed in recent months
The oil giant agreed to buy a $7b stake in Petronas’s RAPID project in February last year
The comments come after news that Saudi Arabia and Russia were working on a long-term pact that could extend controls over world crude supplies by major exporters
The $200bn project is expected to have capacity to produce up to 200 GW by 2030
The first of four reactors being built by Korea Electric Power Corporation is part of the $24.4bn Barakah power plant project
The UAE will be the first new country to acquire nuclear power in more than two decades
The dividend would total about $95m, equivalent to 5 per cent of capital
The new Energy Department will be responsible for strategic plans for the entire energy sector in Abu Dhabi
This year’s saving represents a 32 per cent increase compared to 2017
The cuts, agreed in January last year, have helped lift oil prices to current levels of around $65 per barrel
The $24.4bn Barakah power plant is the world’s largest nuclear project under construction
PetroChina joins investors including France’s Total and Italy’s Eni
Mubadala and its partner have agreed to invest in excess of $1bn in the block
Aramco’s investment will come in by the end of the month, a government official said