W.Asia
![W.Asia](/cache/01-19/PRICE-554.bd74af43.jpg)
2019, January, 4, 11:55:00
OIL PRICE LEVEL: $60 - 70
MEOG - A $60-70 per barrel oil price level appears adequate to incentivise sufficient long-term supply. The cost to develop both tight oil resources and conventional upstream oil projects has declined significantly since the oil price collapse of 2015-16.
![W.Asia](/cache/01-19/QATAR-26.ad7a7f44.jpg)
2019, January, 4, 11:45:00
IMPORTANT QATAR'S LNG
PENINSULA - Currently, Qatar is leading liquefied natural gas (LNG) exports with 12 consecutive years under its belt, while the US is looking to raise its LNG exports with its abundant shale gas supplies.
![W.Asia](/cache/12-18/armenia-1.7b17d257.jpg)
2018, December, 29, 14:13:00
СТРАТЕГИЧЕСКОЕ ПАРТНЕРСТВО РОССИИ И АРМЕНИИ
МИНЭНЕРГО РОССИИ - «Наше сотрудничество насчитывает долгие годы конструктивного взаимодействия. Мы ведем совместную работу по формированию общих рынков газа, нефти, нефтепродуктов и электроэнергии ЕАЭС. Россия осуществляет стабильные поставки в Республику нефтепродуктов и газа», - отметил Министр.
![W.Asia](/cache/12-18/TURKEY-44.1ab8156e.jpg)
2018, December, 29, 14:05:00
GAZPROM'S GAS FOR TURKEY: 201 BCM
PLATTS - Russia's Gazprom expects its total natural gas exports to Europe and Turkey to reach 201 Bcm in 2018, CEO Alexei Miller said Friday, a third year of record export volumes.
![W.Asia](/cache/12-18/PRICE-533.e0b5e0f8.jpg)
2018, December, 26, 07:40:00
ОПЕК + РОССИЯ: МИНУС 2.5%
МИНЭНЕРГО РОССИИ - Принято консолидированное решение о совместных действиях с коллегами из ОПЕК и не ОПЕК по сокращению добычи на 2,5% для стран ОПЕК и 2% для стран не ОПЕК.
![W.Asia](/cache/12-18/PRICE-539.1788672e.jpg)
2018, December, 26, 07:25:00
OPEC: 26 MBBL SURPLUS
AN - “Based on available figures, we have around 26 million barrels of surplus ... compared to 340 million barrels in early 2017,” Al-Mazrouei told a press conference in Kuwait City.
![W.Asia](/cache/12-18/PRICE-536.749f2b90.jpg)
2018, December, 26, 07:15:00
IRAN'S BUDGET $47 BLN
AN - Rouhani gave the value of the draft budget at about 4,700 trillion rials for the next Iranian year which starts on March 21, 2019
He said US sanctions would affect Iranians’ lives and growth but not bring the government to its knees
![W.Asia](/cache/12-18/SAUDI-111.734bbc67.jpg)
2018, December, 24, 11:45:00
SAUDIS BUDGET 2019: $295 BLN
MEOG - Saudi Arabia's Council of Ministers approved its 2019 budget, the largest in the Kingdom's history. It has planned to spend $295bn in the coming year, and estimates revenue at $260bn. Deficit is therefore estimated at $35bn, down 32% from the expected deficit for 2018, $52bn. Actual deficit in 2018 sat at $36.2bn.
![W.Asia](/cache/12-18/PAKISTAN-15.074a7d31.jpg)
2018, December, 24, 11:30:00
UAE HELP PAKISTAN $3 BLN
AN - The United Arab Emirates plans to deposit $3 billion in Pakistan's central bank "in the next few days", the UAE state news agency WAM reported on Friday, while a Pakistani official said Islamabad also hopes it will allow deferred payments for oil supplies.
![W.Asia](/cache/12-18/ADNOC-16.cb3f3972.jpg)
2018, December, 24, 11:25:00
OMV, ADNOC CONCESSION: 5%
ADNOC - The Abu Dhabi government and the Abu Dhabi National Oil Company (ADNOC) have awarded Austria's OMV a 5 percent stake in the Ghasha ultra-sour gas concession that comprises the Hail, Ghasha, Dalma, Nasr, Sarb and Mubarraz sour gas fields.
![W.Asia](/cache/12-18/PRICE-527.af9aa8a6.jpg)
2018, December, 21, 14:35:00
SAUDIS NEED $84
PLATTS - Saudi Arabia will require oil prices higher than $84/b to avoid running another deficit, analysts warned after the kingdom announced on Tuesday record government spending in its state budget for 2019.
![W.Asia](/cache/12-18/SAUDI-110.afcb3dbc.jpg)
2018, December, 21, 14:30:00
INVESTMENT FOR SAUDIS: DOUBLED
REUTERS - Foreign investment in Saudi Arabia more than doubled in 2018 to 13 billion riyals ($3.5 billion), its economy and planning minister said on Wednesday, despite a global furor following the murder of journalist Jamal Khashoggi in October.
![W.Asia](/cache/12-18/SAUDI-108.7e63b710.jpg)
2018, December, 17, 10:40:00
KING SALMAN ENERGY PARK: $6 BLN
MEOG - King Salman Energy Park (SPARK), a 50sqkm "energy city megaproject" in Saudi Arabia, is one of the Kingdom's most impressive endeavours into localisation so far. Once operational, it is expected to generate 100,000 direct and indirect jobs and should contribute $6bn to Saudi Arabia's GDP annually.
![W.Asia](/cache/12-18/SAUDI-107.290ff938.jpg)
2018, December, 17, 10:35:00
SAUDI ARAMCO, RAYTHEON COOPERATION
MEOG - Saudi Aramco and Raytheon Company, through its subsidiary Raytheon Saudi Arabia, signed a memorandum of understanding to establish a joint venture company that will develop and provide best-in-class cybersecurity services in Saudi Arabia and the region.
![W.Asia](/cache/12-18/ENERGY-37.3b71524a.jpg)
2018, December, 17, 10:30:00
DIGITAL TRANSFORMATION OF ENERGY
MEOG - In the oil and gas industry, technologies such as artificial intelligence (AI), the internet of things (IOT), machine learning and big data can serve operators by increasing productivity and streamlining processes, all while helping them attract and retain talent, and remain secure and compliant.