Corporate
MENA has the world's largest upstream reserves. But tough terms and, in some countries, an outright ban on foreign operators, means it is often a difficult hunting ground for international oil firms. Total sees the advantage in low-cost barrels in Abu Dhabi, and underpriced (it reckons) Libya assets. Chinese and Russian firms are also expanding. But many US firms are pulling back, eyeing better returns in domestic shale.
22 Nov, 2024
Featured
Aramco-China Ties Advance
Construction has begun on a $10bn Aramco-Sinopec refinery and petchems complex in China’s Fujian province with a second oil-to-chemicals complex on pace for 2026 start-up, whilst a third Aramco partner, Rongsheng, plans to invest in expansion of Aramco’s Sasref refinery.
Key Projects For Saudi Aramco’s 4mn b/d Liquids-To-Chemicals Target
13 Dec, 2024
Top Story
UAE Gas Growth Outlook Revised Up Sharply
Adnoc Gas cites the UAE’s massive artificial intelligence ambitions in hiking its domestic gas demand forecasts to well over 100bcm/y by 2030, up from 73bcm for 2023.
UAE Gas Consumption Hit An 8-Year High For 2023 Despite The Fuel’s Reduced Powergen Role. Adnoc Gas Forecasts A Further Surge To 109bcm By 2030 (bcm)
NEWS IN BRIEF
Adnoc Gas Appoints New CEO
20 Dec, 2024
Adnoc’s XRG: Covestro Stake To Top 90%
20 Dec, 2024
Iran: Record Daily Gas Demand
20 Dec, 2024
Iraq Expands Sainia Refinery
20 Dec, 2024
China’s UEG Commissions Iraq Gas Plant
20 Dec, 2024
Saudi Crude Exports Rise As Oil Burn Drops
20 Dec, 2024
Adnoc: Big Hitters For XRG Board
13 Dec, 2024
SELECTED DATA
Gazprom's Libya Assets* Have Been Punching Well Below Their Weight In Recent Years
Adnoc Increases* Planned Murban Exports From August Onwards (mn b/d)
Algeria’s BP & Equinor-Led In Amenas And In Salah Gas Projects Saw Their Combined Output Hit A Near Two Year High In 1Q21 (mn cfd)
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