Integrated Logistics, a subsidiary of Integrated Holding Company, signed a deal with the main contractor of the Bahrain Petroleum Company’s (BAPCO) refinery development project to provide and operate cranes.
Despite having some disruptions in Libya’s oil market, the global market will not be affected.
PKN Orlen, the Polish oil refiner, announced that it will increase its monthly imports of crude oil from Saudi Aramco to around 400,000 tons.
The Saudi Arabian General Investment Authority (SAGIA) inked a memorandum of understanding (MoU) with China’s Shen Gong New Materials to establish an intelligent electronic manufacturing facility.
Aramco Trading Company, Saudi Aramco’s trading subsidiary, sold a liquefied natural gas (LNG) cargo to South Korea's S-Oil Corporation.
SNC-Lavalin won an engineering services contract to work on Haliba field in Al Dhafra Petroleum’s concession area in Abu Dhabi.
The international Monetary Fund (IMF) has lowered its forecast for Saudi Arabia’s economic growth to 1.9%, retracting its initial anticipation on the kingdom's economic growth to increase by 2.2% in 2020.
The Abu Dhabi National Oil Company (ADNOC) signed a strategic framework agreement with the Italian giant, Eni, to cooperate in carbon capture utilization and storage (CCUS).
Oil prices witnessed a surge on January 20 after Libya's El Shahara and El Feel oilfields have been shut down, leading to halving the country's production.
Kuwait National Petroleum Company (KNPC) has requested a contract renewal with Mitsubishi Hitachi Power Company.
