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W.Asia

W.Asia
2019, January, 30, 11:00:00

KUWAIT'S GDP GROWTH 2.5-2.9%

IMF - Kuwait's growth is expected to strengthen. The mission has assumed an average oil price of US$57 per barrel in 2019–20, increasing to US$60 per barrel over the medium term. As capital project implementation accelerates, non-oil growth is projected to increase to about 3.5 percent in 2020. The recent OPEC decision to cut production is expected to hold oil output to 2 percent growth in 2019, which could rebound to 2.5 percent in 2020 given the spare capacity. Inflation is expected to rise in 2019–20 to about 2.5 percent as the deflationary factors in 2018 unwind.

W.Asia
2019, January, 28, 09:50:00

ENI, OMV, ADNOC: $5.8 BLN

REUTERS - Italy’s Eni and Austria’s OMV have agreed to pay a combined $5.8 billion to take a stake in Abu Dhabi National Oil Company’s (ADNOC) refining business and establish a new trading operation owned by the three partners.

W.Asia
2019, January, 25, 09:15:00

СОТРУДНИЧЕСТВО РОССИИ И ТУРЦИИ

МИНЭНЕРГО РОССИИ - “Проект строительства газопровода «Турецкий поток» – один из флагманских проектов российско-турецкого сотрудничества. В настоящий момент продолжаются работы по строительству приемного терминала морского участка в Турции”, - добавил Александр Новак.

W.Asia
2019, January, 23, 11:15:00

RUSSIA - TURKEY TURKSTREAM

SHANA - Composed of two 930-km pipelines, TurkStream is able to supply over 30bcm/year of natural gas from Russia to supply Turkey's needs. After the construction of the offshore section, the onshore section on Turkey's soil remains to be constructed for this project to be completed. According to schedule, Russia's gas is planned to be exported to Turkey via this pipeline by end-2019.

W.Asia
2019, January, 23, 11:05:00

SAUDI'S INVESTMENT FOR U.S.

REUTERS - Saudi Aramco, the world’s top oil producer, is looking to acquire natural gas assets in the United States and is willing to spend “billions of dollars” there as it aims to become a global gas player, the company’s CEO said on Tuesday.

W.Asia
2019, January, 23, 10:40:00

SAUDI ARABIA, UAE CRYPTOCURRENCY

AN - Saudi Arabia and the UAE have launched a joint cryptocurrency during the first meeting of the Saudi-Emirati Coordination council Saturday in Abu Dhabi, UAE’s national press agency WAM said.

W.Asia
2019, January, 21, 11:50:00

OPEC CONFORMITY LEVEL 98%

OPEC - The JMMC calls on all participating countries of the ‘Declaration of Cooperation’ to redouble their efforts in the full and timely implementation of the supply adjustments to ensure that the oil market remains in balance in 2019.

W.Asia
2019, January, 21, 11:30:00

SAUDI ARABIA INVESTMENT $10 BLN

ENCA - Saudi Arabia's planning to build an oil refinery and a petrochemicals plant in South Africa. It's part of a $10-billion (R138-billion) investment in the country.

W.Asia
2019, January, 21, 11:15:00

EMIRATES RENEWABLE INVESTMENT AED4.4 BLN

ENA - Mohammed Saif Al Suwaidi, Director-General of ADFD, said, "The Abu Dhabi Fund for Development believes in the vital role the renewable energy sector plays in attaining the sustainable development goals in developing countries. This important sector stimulates economic growth, creates employment opportunities, drives innovation, supports the advancement of other key sectors, and optimises the use of natural resources – all crucial factors in improving people’s lives."

W.Asia
2019, January, 18, 10:45:00

OPEC PRODUCTION DOWN 751 TBD

REUTERS - The Organization of the Petroleum Exporting Countries said in a monthly report that its oil output fell by 751,000 barrels per day (bpd) in December to 31.58 million bpd, the biggest month-on-month drop in almost two years.

W.Asia
2019, January, 16, 11:20:00

OIL MARKET BALANCE

REUTERS - “If we look beyond the noise of weekly data and speculators’ herd-like behavior, I remain convinced that we’re on the right track, and that the oil market will quickly return to balance,” said Falih, addressing an oil conference in Abu Dhabi.

W.Asia
2019, January, 14, 12:00:00

SAUDI ARABIA'S OIL RESERVES 268.5 BLN BARRELS

CNBC - Saudi Arabia has additional reserves in an area along the border with Kuwait that has sat idle due to a dispute between the neighbors. Including this so-called Neutral Zone, Saudi oil reserves total 268.5 billion barrels, DeGolyer and MacNaughton concluded. That compares with an earlier estimate of 266.3 billion barrels.

W.Asia
2019, January, 14, 11:55:00

IRAN'S OIL FOR INDIA DOWN 41%

REUTERS - India’s oil imports from Iran fell by 41 percent in December to 302,000 barrels per day oil (bpd), ship tracking data reviewed by Reuters showed, as pressure from U.S. sanctions took effect.

W.Asia
2019, January, 14, 11:20:00

SAUDI ARAMCO BONDS: $10 BLN

PLATTS - Saudi Arabia's state-owned oil giant Aramco will seek to sell around $10 billion in bonds to help fund the purchase of petrochemicals firm Sabic, Saudi energy minister Khalid al-Falih said Sunday.

W.Asia
2019, January, 14, 11:15:00

SAUDI'S INVESTMENT FOR PAKISTAN: $10 BLN

REUTERS - Saudi Arabia plans to set up a $10 billion oil refinery in Pakistan’s deepwater port of Gwadar, the Saudi energy minister said on Saturday, speaking at the Indian Ocean port that is being developed with the help of China.

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