Iraq’s upstream development is set to become more expensive: WoodMac

mill 3363466 640Iraq’s upstream development is set to become more expensive as production moves away from the easiest and largest fields, according to Ian Thom, director of Middle East Upstream at Wood Mackenzie

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SABIC raises stake in Ar-Razi to 75 per cent

Pictures for Signing Ceremony 3SABIC, a Saudi Arabia-based petrochemical manufacturing company, has signed an agreement with the Japan Saudi Arabia Methanol Company (JSMC) to renew the partnership with the Saudi Methanol Company (Ar-Razi) for another 20 years

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Saudi Aramco advances chemicals strategy with S-Oil expansion project

Aramco and S Oil Signing an MoUSaudi Aramco is advancing its global chemicals growth strategy with the inauguration of S-Oil’s new residue upgrading complex and olefin downstream complex

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McDermott wins offshore EPCI contract with Saudi Aramco

33381688148 b971e48a47 zUS engineering firm McDermott International has won a contract from Saudi Aramco for engineering, procurement, construction and installation (EPCI) services in the Marjan and Zuluf fields, offshore Saudi Arabia

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‘Kuwait’s sovereign wealth assets increase since oil price shock’

8389408653 986084fc44 zMoody’s Investors Service estimated that the combined value of Kuwait’s sovereign wealth fund (SWF) assets has continued to rise since the oil price shock

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