W.Asia
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2021, April, 6, 13:50:00
UAE, IRAQ INVESTMENT $3 BLN
The UAE Sunday announced $3 billion investment in Iraq in a fresh bid to strengthen the economic and investment relations between the two fraternal nations.
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2021, April, 5, 11:30:00
TURKEY'S HYDROGEN ENERGY
Turkey will be blending hydrogen, promoted as a clean, efficient and sustainable energy source, with natural gas with the new facility
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2021, April, 2, 12:45:00
OPEC+ INCREASE PRODUCTION
The OPEC+ alliance will raise its collective output caps by 350,000 b/d in May, another 350,000 b/d in June, and 441,000 b/d in July.
![W.Asia](/cache/04-21/price-243.5e0a9c19.jpg)
2021, April, 1, 12:45:00
FRAGILE OIL DEMAND
The positives offer hope, but we need to remember that the environment remains challenging, complex and uncertain, with the market volatility we have witnessed in the last two weeks of March a reminder of the fragility facing economies and oil demand.
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2021, March, 31, 11:50:00
OPEC PROTECTS OIL PRICE
OPEC+ will discuss whether to revive part of the 1.2 million barrels a day of output it’s committed to returning to the market in installments this year. At the same time, the Saudis will review the status of an additional 1 million barrel-a-day cut they have been making since February to accelerate the process of clearing the lingering oil glut.
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2021, March, 31, 11:10:00
DUBAI WASTE ENERGY $1.1 BLN
The consortium, which includes ITOCHU Corporation, Hitachi Zosen Inova, BESIX Group and Tech Group, will build and operate the AED4 billion ($1.1bn) project under a 35-year concession period with Dubai Municipality.
![W.Asia](/cache/03-21/price-228.6b12be5b.jpg)
2021, March, 30, 12:40:00
OIL NEEDS A SOLUTION
Faltering oil prices in recent days after a weeks-long surge to around $70/b have many analysts forecasting that the OPEC+ group of producers may largely roll over their quotas for at least another month.
![W.Asia](/cache/03-21/iran-232.1f9f4504.jpg)
2021, March, 29, 13:10:00
IRAN, CHINA COOPERATION
"Based on this document, China will be a steady importer of Iran's oil, and Iran should remove China's concerns for return of its investment,"
![W.Asia](/cache/03-21/hydrogen-64.697e8f09.jpg)
2021, March, 26, 12:20:00
SAUDI'S HYDROGEN FOR JAPAN
During the feasibility study, ENEOS and Saudi Aramco will jointly look at Aramco's hydrogen production derived from feedstocks such as natural gas and LPG as well as capture and storage of its associated CO2 from production, ENEOS said.
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2021, March, 23, 15:15:00
QATAR LNG FOR CHINA
Qatar Petroleum has entered into 10-year LNG Sale and Purchase Agreement (SPA) with Sinopec to supply 2 Mt/year of LNG to China.
![W.Asia](/cache/03-21/saudi-189.c1fa715b.jpg)
2021, March, 22, 09:15:00
SAUDI ARAMCO NET INCOME $49 BLN
Aramco achieved a net income of $49 billion in 2020, one of the highest earnings of any public company globally.
![W.Asia](/cache/03-21/saudi-190.ca608571.jpg)
2021, March, 22, 09:10:00
SAUDI ARAMCO INVESTMENT DOWN TO $35 BLN
Aramco lowered its guidance for capital expenditure in 2021 to around $35 billion from a range of $40 billion to $45 billion previously
![W.Asia](/cache/03-21/oil-76.15cdc80e.jpg)
2021, March, 19, 12:55:00
SAUDI'S OIL EXPORTS UP
Saudi Arabia exported 6.582 million b/d in January, according to JODI data released March 18, an increase of 87,000 b/d from December. It was the seventh straight month that shipments have risen since a historic low of 4.98 million b/d in June when stringent OPEC+ production cuts were in effect.
![W.Asia](/cache/03-21/turkey-104.d3f7315d.jpg)
2021, March, 18, 12:15:00
TURKEY'S SOLAR POWER 9.4 GW
Turkey aims to produce 50% of its electricity from renewables by 2023 (up from 44% in 2019). Solar accounts for around 7% of Turkey’s installed capacity, with 6 GW at the end of 2019.
![W.Asia](/cache/03-21/hydrogen-61.4433485c.jpg)
2021, March, 18, 12:10:00
ADNOC HYDROGEN FOR INDIA
The UAE was India's third-largest supplier of crude in 2020, behind Iraq and Saudi Arabia, with volumes of 21.35 million mt and an 11% market share,