The new cost estimate of $60 billion for the refinery was given to Saudi Arabia’s energy minister Khalid al-Falih at a meeting with Indian Oil Minister Dharmendra Pradhan last month in New Delhi, said the four sources familiar with the talks between the two ministers.

OPEC saw output slide to 29.88 million b/d last month, a fall of 210,000 b/d from June, despite output gains by six of its members

Iraq's crude oil production in July rose to 4.62 million b/d, the country's State Oil Marketing Organization said late Sunday, its highest monthly output figure since January 2017, according to official data.

The UK's Royal Navy will work with the US to assure the security of merchant vessels in the Strait of Hormuz, the Ministry of Defence said.

Россия высоко ценит сложившийся с Саудовской Аравией диалог и считает необходимым продолжать столь интенсивное взаимодействие, отметил Александр Новак в рамках встречи.

Saudi Arabia is sending an ever-larger portion of its crude to China - with the US losing out.

ADNOC Distribution today reported that its first-half 2019 net profit increased by 4.3 percent, to AED1.173 billion, compared with the same period last year.

“По итогам прошлого года торговый оборот вырос на 16% и достиг 25,5 миллиардов долл. США, при этом, руководством наших стран поставлена задача достичь торгового оборота в 100 миллиардов долл. США в год. Сейчас мы ведем важные стратегические инвестпроекты - “Турецкий поток” и АЭС “Аккую”. Считаю, что это хорошие примеры нашей кооперации”, - подчеркнул Александр Новак.

Japan imported 26.899 million barrels of crude oil in June 2019 from the United Arab Emirates, according to data released by Japanese Agency of Energy and Natural Resource, AENR.

The Trans Anatolian Natural Gas Pipeline (TANAP), the major segment of the Southern Gas Corridor is ready to supply Azerbaijani gas directly to Europe.

"I think Iran will look at it as a successful cost imposition to the adversary," "They're making all of the adversaries now rally forces, move them into the theater, put them at risk in the theater and pay for that presence at a very hefty price."

The fiscal and external positions are expected to continue to deteriorate over the medium term absent policy changes—with reserves falling below adequate levels and fiscal buffers eroded. Although the level of public debt will remain sustainable, gross fiscal financing needs will increase. Non-oil GDP growth is projected to reach 5½ in 2019 but subside over the medium term.

Kuwait reported oil revenue of $60.7bn for the 2018 fiscal year ending March 31, 2019, according to state news agency KUNA. This is a 24% increase from the previous year. Its non-oil revenue also grew 24% to hit $6.9bn.

Abu Dhabi sovereign wealth fund Mubadala saw a jump in its assets under management in 2018, reaching $229bn, up from $127.7bn the previous year.

“Очередное заседание Рабочей группы по энергетике, которое состоялось накануне, позволило подвести итоги реализации проектов в этой области, а также наметить новые направления совместной работы. На особом контроле держим реализацию наших ключевых проектов - “Турецкого потока” и АЭС “Аккую”. Мы рассчитываем на своевременный запуск проектов в конце 2019 года и к 2023 году соответственно”, - сказал Александр Новак.