Middle-east Arab News Opinion | Asharq Al-awsat

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Brazilian Diplomat: State Bids for Oil & Natural Gas Drilling in Brazil Soon

by Luisa Polido | Dec 2, 2016 | Business

London- Brazil, South America’s strongest economy, had been experiencing great suffering over the last few years due to a shrinking economy and scandals of corruption that were short to a stab to the Brazil government. Even the national oil giant, Petrobras, a...

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King Salman launches projects of Saudi Aramco and King Abdulaziz Center for World Culture in Dhahran (SPA)

Saudi King Launches Oil, Cultural Projects Standing at $43.5 Billion

by Obaid Al-Suhaymi | Dec 2, 2016 | Saudi Arabia

Dhahran- The Custodian of the Two Holy Mosques King Salman bin Abdulaziz launched five Saudi Aramco expansion projects with an estimated worth of $43.5 billion (equivalent to some SAR163 billion.) The projects encompass production-oriented expansion for the national...

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An oil tank is seen at the Saudi Aramco headquarters during a media tour at Damam city November 11, 2007. REUTERS/ Ali Jarekji

Custodian of the Two Holy Mosques to Inaugurate 5 Saudi Aramco Projects

by Mirza Al-Khuwaylidi | Dec 1, 2016 | Saudi Arabia

Dammam- The Custodian of the Two Holy Mosques King Salman bin Abdulaziz will inaugurate five giant projects by Aramco in the fields of oil, gas, economy and knowledge. These projects reinforce the position of Saudi Aramco as one of the biggest energy and petrochemical...

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A table with OPEC logo is seen during the presentation of OPEC’s 2013 World Oil Outlook in Vienna , November 7, 2013. REUTERS/Leonhard Foeger

Oil up More Than 8 pct as OPEC Finalizes Output Cut Deal

by Asharq Al-Awsat English | Nov 30, 2016 | Business

Oil prices soared more than 8 percent on Wednesday as some of the world’s largest oil producers agreed to curb oil output for the first time since 2008 in a last-ditch bid to support prices. Crude prices, however, are unlikely to skyrocket in reaction to the...

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Shell branding is seen at a petrol station in west London, January 29, 2015. REUTERS/Toby Melville

Shell Considering Selling its Iraq Oil Assets

by Asharq Al-Awsat English | Nov 28, 2016 | Business

Royal Dutch Shell is considering selling out of its oil fields in Iraq as part of its global $30 billion asset disposal programme, industry sources told Reuters on Monday. Shell is seeking to slim down its vast oil and gas portfolio following the $54 billion...