Umm Lulu Gas Treatment Plant weighs 32,000 metric tonnes, and will be based at the Umm Lulu Field in the Arabian Gulf
Arrivals from Saudi Arabia fell 25 per cent last month from a year ago to 1.108 million bpd
Recent tanker attacks in the Gulf have raised fears about safety of the shipping route and pushed up oil prices
ACWA Power and Silk Road Fund have previously co-invested in two UAE-based projects
Tensions with Iran prompted a rise in oil prices
The new site in western Maharashtra would be at Raigad district, about 100 kms south of Mumbai
A study concerning the potential production of oilfields shared by the two countries is underway
The fifth phase of the solar park will be commissioned in stages starting from Q2 2021
The tensions have hit regional stock markets at a time of strong performance
World oil demand will rise by 1.14 million barrels per day this year, 70,000 bpd less than previously expected
The 120MW plant in Aden is expected to be operational in late 2019
Saudi’s proved oil reserves were revised to 297.7 billion barrels at the end of 2018 from 266.2 billion a year earlier
Russian President Vladimir Putin said last week that Russia and OPEC disagreed over what constituted a fair price for oil
DEWA has issued a request for proposal for appointing consultants to study, develop and construct floating solar PV plants
Oil prices are up 16 per cent so far this year thanks in part to the OPEC+ deal
On Friday, the US added Iran’s largest petrochemical holding group to its sanctions list
The fire started at a machine used to lift containers at the port
Lower prices are pushing Saudi and its allies within the OPEC+ group to extend their current production cuts, writes Reuters columnist John Kemp
Oil prices in May sustained their worst monthly fall in six months
The size of the deal has been estimated at over $600m, according to sources
Electricity services were disrupted in Asir, Jazan, Najran, Al Baha and some other southwestern areas
INEOS’ three plants would be part of a $5bn complex called Project Amiral
Dubai crude fell in May to an average of $69.375 a barrel
Tensions between Iran and the United States have been rising in the past month
Riyadh has accused Tehran of ordering the drone strikes on Saudi oil pumping stations
Oman’s LNG volumes rose 17 per cent in 2018 to 9.54 million tonnes
Global manufacturers have reported falling export orders for eight months since September, writes Reuters columnist John Kemp
US sanctions on Venezuela and Iran and a Russian oil crisis have tightened sour crude supplies in Asia
The UAE links fuel prices to movements in international oil rates
The new service stations will be located in different areas across the kingdom