Oil And Gas Industry

Saudi Aramco buys $1.2 billion stake in South Korean refiner

Apr 15, 2019

Saudi Aramco says it has reached an agreement to acquire a $1.25 billion stake in South Korean refiner Hyundai Oilbank that would provide Saudi Arabia's state-run oil company with a dedicated outlet for its crude to South Korea

Rare glimpse into Saudi Aramco shows $111 billion net profit

Apr 1, 2019

Rating agency Moody's says Saudi Aramco posted $111 billion in net profit, giving a rare glimpse into the state-owned firm's finances

Sri Lanka begins work on $3.9B refinery near China-run port

Mar 24, 2019

Work has begun on a $3.9 billion oil refinery to be funded by a Singapore-Oman joint venture next to a Chinese-run port in what will be Sri Lanka's largest foreign investment ever

Turkish, Greek ministers meet with 'positive agenda'

Mar 21, 2019

Turkey's foreign minister says the defense chiefs of Turkey and Greece could meet soon as part of new confidence-building measures aimed at reducing tensions between the NATO allies

Sri Lanka to get $3.9B oil refinery next to Chinese-run port

Mar 19, 2019

Officials in Sri Lanka say a Singapore-based company and the government of Oman have pledged to build a $3.9 billion oil refinery next to a Chinese-controlled port that will be the largest foreign investment ever for the Indian Ocean island nation

Iran's president inaugurates new gas projects

Mar 17, 2019

Iran's President Hassan Rouhani has inaugurated a new phase in the development of a massive natural gas field

Iran report: Gas pipeline explosion kills at least 5

Mar 14, 2019

Gas pipeline explosion in southwestern Iran kills at least 5 people, injures 6

UAE non-oil companies cutting jobs at fastest rate in decade

Mar 5, 2019

Dubai bank warns non-oil companies across UAE cut staff at sharpest rate in nearly a decade amid economic slowdown

Iranian state TV: Helicopter crash kills 5 in western Iran

Mar 4, 2019

Iran's state TV: 5 killed when rescue helicopter crashes in western province

Pakistani police arrest 2 men trying to blow up gas line

Feb 23, 2019

Pakistani counterterrorism police say they have arrested two insurgents attempting to blow up the main gas pipeline in the central city of Bahawalpur

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