Saudi Aramco, SABIC sign MoU for Petrochemical Complex
Saudi Aramoc and Saudi Basic Industries Corporation (SABIC) signed a memorandum of understanding (MoU) for the construction of a petrochemical complex.
News / International
Russian Oil Minister: Natural Gas Could Face Price ‘Crisis’
A global glut of natural gas could result in a sharp drop in prices.
Eni to Drill Two News Wells off Cyprus
Eni will drill two new exploratory wells in Cyprus’ territorial waters.
Saudi Arabia, Russia Reach Framework for Extending Cuts
Russia and Saudi Arabia have agreed to a basic framework for extending the production-cut agreement.
Algeria’s Energy Revenues up 17% this Year
Algeria’s energy revenues this year continue to outpace last year’s revenues and are up 17% through October.
Basra Exports up 150K b/d
Iraq’s crude exports from its Basra ports are up approximately 150,000 barrels per day (b/d) in November.
Iraq Considering Natural Gas Pipeline to Kuwait
Iraq is considering building a natural gas pipeline to Kuwait and an associated petrochemical plant.
Saudi Arabia Pushes to Extend Cuts 9 Months but Doubts Linger
Saudi Arabia is pushing for an extension of the OPEC-led production-cut agreement by an additional nine months until the end of 2018.
Enel, Algeria Negotiate Natural Gas Contracts
Enel is negotiating new natural gas contracts with Algeria to replace current contracts set to expire soon
Iran Offers Deeper Discounts to Retain Market Position
In a bid to retain its market position, Iran is lowering its crude oil prices vis-à-vis Saudi Arabia
