SABIC Q4 Profits Decline Due to Low Prices
Saudi Basic Industries Corporation (SABIC), one of the largest chemical producers in the world, announced a decline in its profits for the Q4 of 2018 because of the drop in average selling prices.
News / International
ADNOC Inks Refining and Trading Agreement with Eni, OMV
ADNOC inked on January 27 two new agreements with Eni and OMV for refining and new trading JV which will be jointly established by the three companies.
Saudi Aramco to Invest $1.6 B on South-Korean Refiner
Saudi Aramco plans to invest up to $1.6 billion to acquire around 20% stake in South Korean refiner Hyundai Oilbank.
Total to Invest in Saudi’s Gas Filling Stations
Total announced arranging several plans to invest in gas filling stations in Saudi Arabia.
Libyan Oil Ports Closes Due to Bad Weather
All eastern oil ports in Libya closed because of the bad weather hitting the country with no clear clue about its impact on oil production.
Kuwait to Boost Natural Gas Production
Kuwait plans to boost gas production in the upcoming years in order to limit import expenses.
ADNOC Selected as Middle East’s Most Valuable Brand
The Abu Dhabi National Oil Company (ADNOC) selected by Brand Finance, the world’s leading brand valuation and strategy consultancy, as the most valuable brand in the Middle East.
Saudi Arabia to Build First Hydrogen Fuel Cell Vehicle Fueling Station
Saudi Aramco and Air Products announced signing an agreement to build the first hydrogen fuel cell vehicle fueling station.
Iraqi Genel to Acquire Stakes in Chevron-Operated Kurdistan Blocks
The Iraqi-focused, Genel Energy, agreed with Chevron to acquire stakes in Kurdistan’s Sarta and Qara Dagh blocks.
KNPC, Agility Inks $21.5 M Deal
Kuwait National Petroleum Company (KNPC) inked a deal with Agility Public Warehousing deal worth $21.5 million.
