Oman will take full control of an oil-trading venture it owns with Vitol Group, the world’s largest independent energy trader, in the latest sign of the rise of state-owned commodities traders.
Saudi Oil Minister Ali al-Naimi is counting on oil traders to keep sitting on near-record volumes of stockpiled crude to prevent a second relapse in oil prices later this year.
Saudi Arabia's state oil firm is on a hiring spree in South Korea, as the world's top crude exporter seeks engineers to run plants in its soaring refining sector - setting it on course to compete with some Asian coun ...
Top regional power producing companies Saudi Electricity Company (SEC) and Bahrain Electricity and Water Authority (Bewa) are set to take part as supporting entities at the 13th annual Power-Gen Middle East Conferenc ...