Tag: Oil
Oil producers of the world are faced with grim choices
The oil-producing countries of the world will be looking to find a way out of the price fall caused by the global pandemic, at...
Abu Dhabi retains S&P’s ‘stable’ credit rating at AA/Stable/A-1+
Global credit rating agency Standard & Poor’s has retained Abu Dhabi’s credit rating at AA/Stable/A-1+ with a stable outlook in consideration to the impact...
ADNOC’s Panorama generates over $1 billion in business value over 3...
The Abu Dhabi National Oil Company, ADNOC published that its digital command center, Panorama, has generated over $1 billion (3.67 billion dirhams) in transaction...
ARAMCO – RIL agreement still intact
Earlier, India's Reliance Industries (RIL) had agreed with Saudi Aramco to sell a 20 percent stake in the company.
In a statement, RIL said that...
APICORP declares $500 million support package to member countries to recover...
MENA's multilateral development financial institution, Arab Petroleum Investments Corporation (APICORP) has started a $500 million countercyclical aid package to support its Member Countries and...
Exxon Mobil Corp and Chevron Corp are cutting down on their...
US-based Exxon Mobil Corp and Chevron Corp decreasing shale oil production in the Permian shale basin following recent reports of reduced investments in the...
ADNOC and ADPower to partner on Abu Dhabi Mega Project
The Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi Power Corporation (ADPower) have issued a joint tender to develop and operate the first...
Kuwait needs to deliberate about expenses as oil prices continue to...
As OPEC+ Countries continue to witness fall in earnings. Kuwait of all needs to be prudent about its expenditures.
With the falling oil prices and...
