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W.Asia

W.Asia
2017, December, 1, 12:55:00
SAUDIS & RUSSIA LEADERSHIP
PLATTS - Saudi Arabia reasserted its leadership of the oil market Thursday after brokering its desired extension of output cuts with OPEC and non-OPEC partners through to the end of 2018. The deal -- agreed after nearly nine hours of negotiations in Vienna -- kept its new ally Russia onside and prevented a sell-off that many analysts had feared.
W.Asia
2017, December, 1, 12:50:00
OPEC & RUSSIA CUTS
BLOOMBERG - OPEC and its allies outside the group agreed to maintain oil production cuts until the end of 2018, extending their campaign to wrest back control of the global market from America’s shale industry.
W.Asia
2017, November, 29, 09:45:00
ADNOC INVESTMENT $100 BLN
ADNOC - The SPC approved ADNOC’s plans for capital expenditure of over AED 400 billion, over the next five years, as it embarks on its Upstream and Downstream expansion and growth projects. The SPC also approved ADNOC’s plans to explore and appraise Abu Dhabi’s unconventional gas resources, as the company seeks to enable future value creation from its untapped gas resources. And, the SPC gave the green light to ADNOC to pursue international downstream investments that will position ADNOC as a global player in the downstream market.
W.Asia
2017, November, 24, 09:15:00
SAUDI'S OIL FOR CHINA
BLOOMBERG - As Saudi Arabia led OPEC’s output cuts this year to shrink a global glut, it’s lost out on market share in the world’s biggest energy consumer. Russia in September retained the top Chinese supplier spot for the seventh straight month, while the kingdom was third.
W.Asia
2017, November, 17, 19:40:00
ADNOC OUTPUT UP
OGJ - ADNOC is increasing its total production capacity to 3.5 million b/d next year from about 3.1 million b/d at present.
W.Asia
2017, November, 17, 19:35:00
ADNOC & CNPC COLLABORATION
OGJ - Abu Dhabi National Oil Co. (ADNOC) and China National Petroleum Corp. (CNPC) signed an agreement covering potential collaboration, including potential offshore opportunities and the sour gas development projects.
W.Asia
2017, November, 13, 10:15:00
SAUDI ARAMCO SIGNED $4.5 BLN
Saudi Aramco signed agreements with several oil and gas service contractors for oil and gas megaprojects designed to enhance the company’s energy sustainability, diversify the economy, expand gas production, and localize domestic content. The agreements are valued at nearly $4.5 billion in total.
W.Asia
2017, November, 1, 13:20:00
INDONESIA NEED SAUDI'S LPG
Indonesia plans to increase LPG imports from Saudi Arabia and the UAE in a bid to meet rising domestic demand, Energy and Mines Ministry spokesman Dadan Kusdiana said
W.Asia
2017, October, 30, 11:40:00
SAUDIS PROGRESS
IMF - Saudi Arabia had made good progress in initiating its ambitious reform agenda. Fiscal consolidation efforts are beginning to bear fruit. Progress with reforms to improve the business environment are gaining momentum, and a framework to increase the transparency and accountability of government is in place. Effective prioritization, sequencing, and coordination of the reforms is essential, and they need to be well-communicated and equitable to gain social buy-in to ensure their success.
W.Asia
2017, October, 30, 11:15:00
SABIC PROFIT UP 10.7%
Reuters - Saudi Basic Industries Corp (SABIC), the world’s fourth-biggest petrochemicals company, reported a 10.7 percent rise in third-quarter net profit on Sunday, beating analysts’ estimates.
W.Asia
2017, October, 27, 19:25:00
SAUDIS SUPPORTS THE REDUCTION
Oil closed at its highest in more than two years in London, nearing $60 a barrel, as Saudi Crown Prince Mohammed bin Salman backed the extension of OPEC output cuts.
W.Asia
2017, October, 25, 21:26:00
THE BIGGEST ASIAN NUCLEAR
WNN - Asian countries continue to dominate the market for new nuclear build, according to a newly-released report from the World Nuclear Association. Of the 10 new nuclear power reactors that started up worldwide in 2016, eight were located in Asia.
W.Asia
2017, October, 16, 11:50:00
SAUDI ARAMCO IPO
Saudi Arabia is considering delaying the international portion of the giant initial public offering of its state oil company until at least 2019, according to people familiar with the situation, who said a domestic share sale in Riyadh could still happen next year.
W.Asia
2017, October, 16, 11:45:00
SAUDI'S BANKS ARE BETTER
But we expect a rise in the sector's NPL ratio and muted credit demand in the second half of 2017 and 2018, reflecting the slowing economy. GDP growth slowed to 1.4% in 2016 from 3.4% in 2015 and we expect it to be below 1% in 2017 and 2018.
W.Asia
2017, October, 9, 21:45:00
RUSSIA - SAUDIS: VAST OPPORTUNITIES
Nasser said vast opportunities for collaboration between companies from Saudi Arabia and Russia are created by both the Kingdom’s existing economic pillars and the development and diversification envisaged by Saudi Vision 2030.