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W.Asia

W.Asia
2021, July, 7, 11:25:00
OPEC+ NO QUOTAS
The OPEC+ had failed to agree to increase production quotas from August onward after the UAE objected to Saudi Arabia's plan to tie the production increases to a lengthening of the supply management pact through to the end of 2022.
W.Asia
2021, July, 6, 12:15:00
OPEC+ NO DECISION
“The 18th OPEC and non-OPEC Ministerial Meeting has been called off,” OPEC Secretary General, HE Mohammad Sanusi Barkindo, said in a letter to Heads of Delegation of OPEC Member Countries and non-OPEC oil producing countries participating in the Declaration of Cooperation (DoC).
W.Asia
2021, July, 6, 12:10:00
UAE SUPPORT OPEC
The Ministry of Energy and Infrastructure has affirmed that the UAE is a longstanding and committed member of OPEC, and OPEC+, and have been a reliable partner in the current OPEC+ agreement, delivering compliance of 103% throughout its 2-year term.
W.Asia
2021, July, 2, 12:35:00
OPEC+ 2 MBD
If agreed, the OPEC+ alliance's collective production cuts would shrink by about one-third by the end of the year to about 3.76 million b/d, from July's 5.76 million b/d.
W.Asia
2021, July, 2, 12:25:00
NO IRAN SANCTIONS
Amid Ongoing Talks to Fully Restore 2015 Nuclear Deal, United States Should Lift or Waive Sanctions against Iran, Political Affairs Chief Tells Security Council
W.Asia
2021, July, 1, 12:15:00
UAE, FRANCE NUCLEAR COOPERATION
The annual E-FUSION (Emirati French Industrial Supply Chain Initiative for Nuclear) event was launched by ENEC, EDF and GIFEN (French Nuclear Cluster) in 2019, aiming to develop new Franco-Emirati commercial relations in the nuclear sector.
W.Asia
2021, June, 30, 13:15:00
ARAMCO, RELIANCE MARRIAGE
In 2019, Reliance announced the sale of a 20% stake to Saudi Aramco, the world's top oil exporting company.
W.Asia
2021, June, 30, 13:10:00
ADNOC, RELIANCE INVESTMENT $2 BLN
Under the terms of a strategic agreement, Reliance and TA'ZIZ will build plants with capacity to produce 940,000 mt/year of chlor-alkali, 1.1 million mt/year of ethylene dichloride and 360,000 mt/year of polyvinyl chloride at the TA'ZIZ Industrial Chemicals Zone, ADNOC said in a June 29 statement.
W.Asia
2021, June, 29, 13:00:00
ARAMCO, ADNOC HYDROGEN COMPETITION
Aramco and ADNOC are likely to use their connections to woo investments to their hydrogen and ammonia projects.
W.Asia
2021, June, 23, 11:20:00
IRAQ OIL EXPORTS WILL UP
With OPEC and its allies planning to roll back production quotas over the next few months in anticipation of greater global demand for crude oil, Iraq's quota will rise to 4.016 million b/d in July, having been at 3.954 million b/d in June and 3.905 million b/d in May.
W.Asia
2021, June, 22, 12:00:00
ARAMCO DEAL $12.4 BLN
Aramco and an international investor consortium, including EIG and Mubadala, today announced the successful closing of the share sale and purchase agreement, in which the consortium has acquired a 49% stake in Aramco Oil Pipelines Company, a subsidiary of Aramco, for $12.4 billion.
W.Asia
2021, June, 22, 11:55:00
ARAMCO RAISES $6 BLN
Aramco President & CEO, Amin H. Nasser, said: “We are very pleased with the global investment community’s response to Aramco’s first international dollar Sukuk, which attracted demand 20 times the initial targeted issuance size.
W.Asia
2021, June, 16, 11:40:00
RUSSIA'S INVESTMENT FOR IRAN $14.6 BLN
Russian company Technopromexport pledged to invest €12bn (US$14.6bn) in the project.
W.Asia
2021, June, 9, 12:45:00
OPEC+ OIL PRODUCTION UP 430 TBD
Despite the production gains, the looser quotas meant OPEC+ compliance stayed mostly steady at 111.45% compared to 111.16% in April,
W.Asia
2021, June, 9, 12:35:00
UAE HYDROGEN DEVELOPMENT $122 BLN
A new “Hydrogen Alliance” was launched by the UAE Ministry of Energy and Infrastructure and three of Abu Dhabi’s largest government-backed companies (Mubadala Investment Company, Abu Dhabi National Oil Company, and ADQ) in January 2021