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W.Asia

W.Asia
2017, March, 7, 18:35:00

SHELL & SAUDI AGREEMENT

Royal Dutch Shell plc ("Shell") today announces the signing of binding definitive agreements between SOPC Holdings East LLC (a U.S. downstream subsidiary of Shell) and Saudi Refining Inc. ("SRI") (a wholly owned subsidiary of Saudi Arabian Oil Company (“Saudi Aramco”)) on the separation of assets, liabilities and businesses of Motiva Enterprises LLC (“Motiva”), a 50/50 refining and marketing joint venture.

W.Asia
2017, February, 28, 18:45:00

SAUDI BUYS PETRONAS: $7 BLN

Saudi oil giant Aramco IPO-ARMO.SE will buy an equity stake in Malaysian firm Petronas' refining and petrochemicals project in the southeast Asian country, the companies confirmed on Tuesday, investing a total of $7 billion.

W.Asia
2017, February, 17, 19:05:00

РЕШЕНИЕ НА 500 МЛРД. $

Это стало возможным только после того, как цены на нефть упали до $27 за баррель, а инвестиции в отрасль после двух лет кризиса сократились примерно на полтриллиона долларов.

W.Asia
2017, February, 8, 18:55:00

SAUDI'S OIL FOR JAPAN

Saudi Arabia's crude oil supplies to Japan rose to a 10-year high in 2016, underlining the kingdom's strong will to defend its share in the ever competitive Asian markets.

W.Asia
2017, February, 3, 18:45:00

SAUDI'S PRICES UP

Saudi Arabia, the world’s largest crude exporter, raised pricing for March sales to buyers from the U.S. to Asia as output cuts by OPEC and other producers shore up oil prices.

W.Asia
2017, February, 2, 18:45:00

OPEC, RUSSIA CUTS

Therefore, OPEC has raised its supply to Asia, and Russia has also re-routed a great chunk of its rising production toward China and the Asia-Pacific over the past decade. Russia surpassed Saudi Arabia as China's biggest supplier last year, exporting 1.05 million bpd of crude versus Saudi Arabia's 1.02 million.

W.Asia
2017, January, 26, 18:50:00

QATAR'S INVESTMENT TO RUSSIA

Abullah bin Mohammed Al Thani, the fund’s chief executive, said it would invest a further $2bn on top of $500m of existing investments in the country. Some of the investments would be made jointly with the $10bn sovereign Russian Direct Investment Fund, its partner in a deal last summer for St. Petersburg’s airport, he added.

W.Asia
2017, January, 13, 18:50:00

OIL MARKET DEFICIT

The world could run short of oil by 2020 due to the recent sharp global downturn in upstream investment, Saudi Energy Minister Khalid al-Falih said Thursday.

W.Asia
2017, January, 13, 18:45:00

EMIRATES URGE TO CUT

Suhail Al Mazrouei said on Wednesday that Opec and non-Opec producers who have agreed to restrict their output over the next six months need to demonstrate that they are being implemented in order for their initiative to stabilise oil prices.

W.Asia
2017, January, 9, 19:00:00

SAUDI CUTS OIL PRODUCTION: 486 TBD

Saudi Arabia has cut its crude-oil production by at least 486,000 barrels a day since October, said a person familiar with the kingdom’s output, bringing the world’s largest exporter of petroleum swiftly into line with OPEC’s deal to raise prices.

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