Saudi Basic Industries Corp (SABIC) expects the company's greenfield petrochemical complex in Ningxia Hui Region of China to cost $3-4b and be finalized by 2020.
Saudi Arabia signed 15 preliminary agreements with China, late August, upon Deputy Crown Prince, Mohammed bin Salman's visit and meeting with China's Vice Premier, Zhang Gaoli.
Oman’s crude oil exports grew by 6.2% during the first seven months of 2016. However, the average price of Omani crude fell by 39.9% in the overseas markets during the same period of time, resulting in a net revenue ...
Angola beat out Saudi Arabia and Russia in July to become China's largest crude supplier for the first time in 2016, as the Asian country's import amounted to 1.11mb/d of Angolan crude, marking a surge of 23.3% over ...
The Jordan Atomic Energy Commission's (JAEC) Chairman, Khaled Toukan, declared that the country's first nuclear power plant, worth $10b, will be operational by 2025, once the remaining $7b in financing is secured. J ...
The Egyptian Minister of International Cooperation, Sahar Nasr, stated that during August, a consortium of the World Bank, the African Development Bank, in addition to German and French institutions will finalize the ...
India’s oil imports from Iran rose to its highest level in five years, amounting to 523,000 b/d in July, which is a 37% jump from June's volume, and more than double that of the same period in 2015.
The Head of Iran’s Petrochemical, Gas, and Oil Exporters’ Union, Hassan Khosrojerdi, announced that Iran will construct a 300,000 b/d refinery in Indonesia with funds provided by Chinese and European parties.
South Sudan's Foreign Minister, Deng Alor, stated that Sudan has requested China to invest about $1.9b to develop the Sudanese oil fields and to set-up energy projects.