Saudi Arabia's oil export to Asia has increased by 12 % in the first 11 months of 2015, in comparison with the same period of 2014, allowing Riyadh to defend its prominent market position.
Shell has announced an investment in a construction of a new Solvent De-asphalter (SDA) unit at the Pernis refinery in Rotterdam, designed to upgrade its oil products by removing heavier fractions from crude oil, and making them cleaner.
The Kuwaiti government is showing a willingness to push forward fiscal reforms including subsidy cuts, due to the persisting low price of crude, and pressure over lacking support for the country's currency.
The second Energy Management Conference and Exhibition began in Bahrain on December 7th seeking to create a road map for a better management of region's natural resources.
French company InnoVent is planning to set up a 150 to 500MW wind farm in Namibia as the country seeks to implement a 90% of its energy acquired via renewables by 2030.
The Nigerian government proposed a $30.1b national budget for 2016 estimating a 15% rise in expenditure compared to 2015, pledging investments in infrastructure projects, and social welfare programs.
Shamal Azzour Al-Oula KSC, the Kuwait's power and water desalination plant has crossed the 664.2MW power production milestone, which represents 50 % of the country's long-term plan to increase its power capacity, and meet estimated peak demand of 25GW by 2025.
Saudi Arabia's Sadara Chemical Company has successfully started up its first linear low density polyethylene (LLDPE) production plant at its Jubail complex.