The deal is Aramco’s second major crude supply pact with a private Chinese refiner
Iraq’s oil minister has said the country plans to increase its oil output and export capacity in 2019
The company’s total debt has been reduced by Dhs3.7bn so far this year
Saudi-led OPEC and its allies decided in June to relax output curbs in place since 2017
The kingdom’s Public Investment Fund previously denied a previously agreed $200bn solar project with SoftBank had been scrapped
The United States on Monday restored sanctions targeting Iranian oil
Washington has restored measures lifted under a 2015 nuclear deal negotiated with Tehran
The emirate has approved Dhs486bn in capex to support ADNOC’s 2019-2023 growth plan
Rival operator ENOC is also installing solar panels at its stations
The first stage of the project is due to be commissioned in late 2020
Global oil demand is projected to grow by between 1.1 and 1.5 million barrels per day in 2019
Zanzibar Petroleum Development Company is also party to the agreement
OPEC and non-OPEC oil producers agreed in June to relax their oil cuts
Saudi energy minister Khalid al-Falih said that the oil market was in a “good place”
US is pushing allies to cut imports of Iranian oil to zero and will reimpose sanctions on Iranian oil next month
The kingdom said last week it would respond to any economic sanctions linked to the death of journalist Jamal Khashoggi
Oil output in the Neutral Zone is divided equally between Saudi Arabia and Kuwait
Etihad and Tadweer will undertake an initial feasibility study towards developing a waste-to-fuel facility in Abu Dhabi
The pipeline will transport sulphur for 11km between plants
The UAE is adapting to a fast-changing energy landscape
Brent crude last week reached $86.74 a barrel, the highest since 2014
The kingdom is hoping to offset the impact of sanctions on Iran
The complex is due to begin operations in 2024
The transaction values ADNOC Drilling at about $11bn
The Saudi energy minister has repeatedly called on other oil producers to invest in capacity
State-owned Pakistan State Oil will partner with Saudi Aramco on the project
The kingdom raised its oil output to 10.7 million barrels per day in October
Trump has pressured the kingdom to increase oil production
The Wall Street Journal reported the kingdom had shelved the project months after launching it
The kingdom announced a partnership with SoftBank for the project in March