Jennifer Gnana

Opening upstream sector tied to 4 million bpd production capacity target

Russian giant's most prized holding is stake in Iraq’s West Qurna 2 oilfield, one of world’s largest

Company plans to route new gas through Egypt’s LNG plants to meet Europe's supply needs

Dr Sultan Al Jaber, at opening of Abu Dhabi Sustainability Week, said hydrocarbons remain central to growth

Negotiations at early stage, with no certainty deal will proceed

Divestment comes as weak pricing and excess capacity weigh on global petrochemicals

UAE, Iraq, Kazakhstan and Oman pledge combined reduction of 829,000 bpd by end of Q2

Any recovery would reshape heavy-sour crude flows, favouring US refiners while squeezing Asia, Kpler says

Future gas supplies would replace fuel oil at Lebanon’s 465MW Deir Ammar power plant

First output from the development is expected before the end of the decade

Engineering firm has invested about $30 million across the UAE and Saudi Arabia since 2019

Al Shara government has restored SWIFT access, is courting foreign investors and is working to revive pound

Chief executive dismisses industry projections of an impending global glut

Refiners expected to boost imports to 1.8 million barrels per day by January, analysts say

Agreements come after Syrian President Ahmad Al Shara's visit to the White House last week