The new substations will be built over the next three years
The Saudi government plans to list up to 5 per cent of Aramco next year
Adherence to the oil output cut is running at more than 90 per cent among OPEC participants
Demand is set to outpace supply on average, finds BoFA report
Aramco previously scrapped a $20.1bn project with Petronas
The agreement will expire on December 31, 2026
Kuwait’s current oil production capacity is around 3.15 million bpd
ENOC has opened its new Warsan service station, located on the Dubai Hatta Road
Saudi officials expect the IPO to value Aramco at a minimum of $2 trillion
The requests for qualifications (RFQ) process is open to local, regional and international developers and consortiums
The stake is the last to be awarded in the concession
The kingdom’s oil exports dropped to 8.014 million barrels per day
The onshore concession is operated by the Abu Dhabi Company for Onshore Petroleum Operations
The oil leak also injured three other people, including an Aramco employee
A consortium including Dana has been seeking to confirm its contract rights and obtain payment for gas production
UN advisor professor Jeffrey Sachs argued expensive and environmentally damaging production like shale should be stopped
Saudi Aramco will supply Arab Extra Light crude to Huajin
OPEC has delivered more than 90 per cent of pledged oil output curbs in January
The amount owed by Egypt was $265m as of December 31, up from $221m at the end of 2015
Crude prices have held above $50 a barrel since early December
The boutique firm has beaten competition from larger and more established banks, according to reports
The decision comes as trade unionists in the country urge the government to introduce a fuel stamp system
The planned pipeline would connect Iran’s gas reserves with Omani consumers
Unit 4 of the nuclear power plant is currently more than 38 per cent complete
The recent increase of diesel prices to above OMR0.200 has prompted debate in the country
QP is merging two liquefied natural gas divisions, Qatargas and RasGa
The company’s petroleum product sales reached 245 million barrels in 2016
The new workers will double the number of Kuwaiti staff in the oil sector
The country currently changes prices monthly based on global oil markets
The planned listing next year of up to 5 per cent of Aramco is expected to be the world’s biggest IPO