According to a report form Saudi Arabia's statistics and information administration, Saudi's non-oil exports in April was 17,822,000,000 riyals, increasing by 3.3%. Exports of chemical products was 6,049,000,000 riyals, ranking first in ...
Tags: Non-Oil Exports, chemical products
Global oil prices are unlikely to drop below $100/b until 2025, supported by OPEC's market management efforts and crude demand growth in Asia, Leonid Fedun, vice president of Lukoil said Tuesday, presenting key findings of the company's ...
Tags: Oil Prices, OPEC's market
Gasoil volumes from Northwest Europe have been heading to the Red Sea, rather than from the traditional supply region of Asia, to meet rising demand for power generation in the Middle East, ahead of the Muslim holy month of Ramadan, driven ...
Tags: Gasoil Volumes, Power Generator
Japan-based financial services provider ORIX Corporation has signed an agreement to acquire approximately 25.7% of issued shares of Bahrain-based the Mediterranean and Gulf Insurance and Reinsurance Company (MEDGULF). ORIX, which entered ...
Tags: Service
Tabuk Cement Co has announced that it has been refused the fuel needed to operate its new second line. The company has been informed by Saudi Arabia s Ministry of Petroleum and Mineral Resources that it will not receive the fuel needed to ...
Tags: Tabuk Cement, Fuel
The US saw its biggest ever yearly rise in oil production last year as its booming shale oil industry continues to transform the global oil market, BP said Wednesday. At the same time, global proven oil reserves continue to grow and are ...
Global natural gas consumption rose 2.2% on the year in 2012 to 3.3 trillion cubic meters, but stayed below the historical average increase of 2.7%, while global LNG trade fell for the first time on record, BP said in its annual statistical ...
Partners Khaled Juffali Company (KJC), a Saudi Arabian investment company, and concentrating photovoltaic (CPV) solar system maker Soitec of Bernin, France, say that the Saudi Arabian Oil Company (Saudi Aramco), a global petroleum and ...
Tags: Soitec CPV, Solar, Electrical, Electronics
The GCC s cement companies witnessed a double-digit rise in both turnover and profit during the first quarter of 2013 as demand continued to rise. An analysis of the results of the GCC s listed cement companies by Kuwait s Gulf Investment ...
Tags: Cement Sector, Construction
Global packaging machinery production value stood at around US$48 billion in 2012, following robust growth of 10 percent that year. Over 2006-2012, production growth averaged 7percent annually in spite of more than a 5 percent year-on-year ...
The petrochemical production by the six-member Gulf Cooperation Council (GCC) comprising of Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain, and Oman has risen by 5.5 percent in 2012, according to the Annual Report released ...
Tags: Petrochemical Output, Textile
Reportedly, Saudi Basic Industries Corporation (SABIC), the Gulf Cooperation Council's largest steel producer, plans to develop two steel mills located at Saudi Arabia's Gulf coast area. The Jubail plant will design an annual processing ...
Tags: Metallurgy, Mineral, Energy
AXA Insurance Gulf has introduced a new car insurance solution designed to provide customers with choice to select desired car insurance covers and options. Dubbed AXA Motor Select, the product provides a reasonable entry price for ...
Tags: AXA Insurance, Select Car
Saudi Aramco boosted its crude production to a record 9.506 million b/d in 2012, excluding blended natural gas liquids, up 5% from 9.068 million b/d in 2011, the company said in its latest annual report. "During 2012 at Saudi Aramco, we ...
Tags: Saudi Aramco, Crude Output
The newly appointed managing director of Kuwait's Petrochemical Industry Company), which is at the center of a political crisis over a $2.2 billion compensation payment to Dow Chemical, has said that implementation of a number of planned ...
Tags: Chemicals