News / International
Kuwait Promises to Reduce Oil Production, Following UAE
Kuwait is promising to decrease its oil production in response to Saudi Arabia’s call for fellow members of the Organization of the Petroleum Exporting Countries (OPEC) to cut more supply in order to aid in restraining the global glut.
Sadara Launches First Polyols Plant in Saudi Arabia
Sadara Chemical Company, a $20 billion worth joint venture between Saudi Aramco and the American corporation Dow Chemical, has commenced production at its polyols plant, which is considered to be the first in Saudi Arabia.
Aramco to Finalize Phase 1 of Expanded Gas Pipeline
Saudi Aramco is going to finalize the first phase of an expansion of the main gas pipeline across Saudi Arabia by the end of 2017, in line with the Kingdom’s plan to satisfy the rising gas demand.
Iran Calls for $70B of Investments to Enhance Petrochemical Sector
Iran is going to host an international petrochemical conference in November as an attempt to attract $70 billion of investments to boost the Iranian petrochemical sector.
Shell Seeks Selling Iranian Fuel in International Markets
Royal Dutch Shell is keen on selling Iran's jet fuel in international markets and is negotiating with government officials.
Iran Loses Indian Oil Market to Iraq
India has reduced its imports of Iranian oil by 33%, while increasing its purchase of Iraqi oil. UAE Promises More Oil Production Cuts Starting September
The United Arab Emirates (UAE) renewed its commitment to the Organization of Petroleum Exporting Countries (OPEC) agreement on limiting production and said it would boost its own curbs.
UAE Replaces Qatar Condensate with US Oil Cargo
Abu Dhabi National Oil Company (ADNOC) purchased an American Eagle Ford condensate cargo in a tender for September arrival.
