W.Asia
![W.Asia](/cache/07-21/price-541.316963bd.jpg)
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](/cache/07-21/price-522.904f1982.jpg)
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](/cache/07-21/sanctions-90.04f171c1.jpg)
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](/cache/06-21/nuclear-118.bc1f3ca5.jpg)
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](/cache/06-21/reliance-007.964d1492.jpg)
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](/cache/06-21/adnoc-46.be69c9f6.jpg)
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](/cache/06-21/hydrogen-80.fcdcadb6.jpg)
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](/cache/06-21/iraq-98.d31939d4.jpg)
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](/cache/06-21/aramco-3.d29c2c6f.jpg)
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](/cache/06-21/aramco-2.6267e78a.jpg)
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](/cache/06-21/iran-241.bdf8342d.jpg)
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](/cache/06-21/opec-181.d3395a68.jpg)
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](/cache/06-21/hydrogen-79.b434ae65.jpg)
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
![W.Asia](/cache/06-21/uae-75.19e6f0b1.jpg)
2021, June, 8, 13:20:00
DUBAI CLEAN ENERGY 12.9 GW
Dubai Electricity and Water Authority (DEWA) has announced that its installed capacity has reached 12,900 megawatts (MW) of electricity and 490 million imperial gallons of desalinated water per day (MIGD) thanks to its state-of-the-art infrastructure, innovation and planning.
![W.Asia](/cache/06-21/iran-240.98d98949.jpg)
2021, June, 4, 12:00:00
IRAN'S OIL FOR ASIA
"Japanese refiners will buy Iranian crude. Iranian crude is impossible to replace by other grades and are unique,"