Saudi Aramco and Siemens have inked several agreements to collaborate in the fields of renewable energy, research and development, as well as digitalization in the oil and gas industry.
Iraq will sell more crude oil to its biggest customer, China’s Unipec, just before production cuts agreed with OPEC and other producers are scheduled to kick in.
Qatar Petroleum and Kuwait Petroleum Corp (KPC) will reduce production levels from the beginning of 2017, following the recent decisions by OPEC and non-OPEC oil-producing countries to cap output.
Two unit of the World Bank Group would provide another $517m to Ghana in debt and guarantees to support the $7.7b Sankofa oil and gas project developed by Italy's ENI SpA and upstream trader Vitol Ghana.