Kuwait Oil Company to invest $1.6 bn on oil exploration in the next five years
The company aims to increase production to four mn bpd by 2040...
Category Oil and Gas
Oil Giant ADNOC sells a minimum 7.5% stake in Abu Dhabi IPO
This is the second public flotation of the Abu Dhabi owned oil...
UAE to lower diesel and petrol prices from September 1
After six months of increased rates, motorists will pay less for both...
Oil prices to reach $75/barrel by end of 2021
Oil demand rose by 3.8 million barrels per day in June, which...
GBO
Magazine
Aseer’s growth engine accelerates
Iraq mulls increasing oil production to 8 mn bpd by 2027
The same was revealed by Iraqi oil minister Ihsan Abdul Jabbar...
Indonesia’s Pertamina takes over Chevron’s Rokan Block
Pertamina will invest $2 bn over the next four years to reverse...
Saudi Aramco expects high profits after finishing strong in the first half
Experts forecast that Aramco might see a net income of $23.7 bn...
Iraq signs deal with Lebanon to supply 1 mn tons of fuel
The country is going through an economic crash that is threatening its...
OPEC+ to boost oil output by 400,000 barrels a day each month till Dec 21
The deal will also boost the oil output of regions like UAE,...
Saudi Aramco to raise billions from asset sales
Saudi Aramco raised around $12.4 bn by selling the leasing rights over...