Khalid Al-Falih said the projects would be awarded in September
The kingdom’s energy minister says Saudi may increase its oil investments in the US
The Dubai lamp is expected to be made available in the Dubai market by the end of this year
Petrol prices have been increased by an average of 4.6 per cent
Based on a figure of 265 billion barrels, Aramco’s fields contain about 15 per cent of the world’s proven reserves
Qatar Investment Authority and Glencore have bought a 19.5 per cent stake in Russia’s Rosneft
JPL owns a 50MW wind power project at Sindh in the Jhimpir wind corridor
The UAE is India’s fifth biggest oil supplier
Aramco pulled out after conducting a feasibility study, according to the Wall Street Journal
Russian shipments surged nearly a quarter over 2015 to about 1.05 million barrels per day
The company said it had not detected any leaks of harmful gas
The kingdom is maintaining production capacity at 12.5 million barrels per day
Producers will lower output by nearly 1.8 million barrels per day under the deal
The increase in oil prices is expected to help the country narrow its budget deficit this year
The whole complex at Rabigh was closed as a precautionary measure after a technical failure
Dubai’s deputy ruler Sheikh Hamdan bin Rashid Al Maktoum has been appointed chairman
Essam Al-Marzouq told Sky News Arabia on Sunday the country would privatise areas related to oil services
The plant will incinerate up to 37.5 tonnes of solid waste per hour to create 30MW of energy
Tokyo has given UAE free crude storage since 2009
Amin H. Nasser also warned that $25 trillion of investment was needed to meet demand over the next 25 years
The 30MW Highwind Scotland project is located 15 miles off Scotland’s North East coast
Under the plans the company aims to reduce its gas consumption by 156 million cubic feet per day
Construction of the 16 sqkm 800MW project will occur in three stages
Riyadh will start the first round of bidding for projects in the next few weeks
Producers will reassess the situation and extend the agreement if necessary
The Gulf state could reduce between 146,000 and 148,000 barrels per day
Almar Water Solutions will construct and operate water desalination and purification treatment plants
Under the deal, producers will curtail oil output by nearly 1.8 million bpd, initially for six months
Saudi plans to sell up to 5 per cent of the company in what could be the world’s largest IPO
More than 90 per cent of Oman’s oil exports went to China