Oil prices fell sharply in the wake of the UK’s historic vote to leave the European Union on 23 June, in reaction to market volatility and fears of an economic slowdown
UK referendum affects global oil prices
Industry
Qatar Petroleum to sell Al Shaheen stake
Qatar Navigation (Milaha) has reached a preliminary agreement to buy Qatar Petroleum’s (QP) stake in oilfield services firm Al Shaheen Holding
Permasense targets Middle East for expansion
Permasense, the leading provider of corrosion and erosion monitoring solutions to the global energy industry, has appointed STARC (Saudi Trading And Research Company Ltd) as its exclusive representative in Saudi Arabia, to support its strategic expansion in the Middle East
Iran records highest consumption of natural gas in 2015, BP report reveals
Iran and Qatar accounted for 5.7 per cent and 5.1 per cent respectively of the total natural gas global production of 186.9 trillion cu/m in 2015, according to the recently released 65th edition of the BP Statistical Review of World Energy
Dow Chemical 'first foreign company to receive Saudi Arabia trading license'
The Dow Chemical Company has announced that it has become the first company to receive a trading license from the Government of Saudi Arabia, allowing 100 per cent ownership in the country’s trading sector
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