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Dow awarded first trading license by Saudi Arabia Left to right: Saudi Commerce Minister, Deputy Crown Prince Mohammed bin Salman, Dow's Liveries and Saudi Aramco's chairman Khalid Al Falih.

Dow awarded first trading license by Saudi Arabia

Company would be allowed 100% ownership of any company it chooses to establish on the territory of the Kingdom

 •   Dow marks World Environmental Day
 •   Dow wins US Water Prize
 •   MEGlobal to build new facility at Dow's US site


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MOL announces finding new oil reserves in Pakistan

MOL announces finding new oil reserves in Pakistan

This marks the Hungarian oil and gas company's 8th discovery in the TAL Block and 12th in the country
 
Iran wants oil dues to be paid in euros: Zangeneh

Iran wants oil dues to be paid in euros: Zangeneh

The Islamic Republic's move comes as it is looking to reduce its dependence on the US dollar following sanctions relief in January
 
Russia tops KSA as world's largest oil exporter

Russia tops KSA as world's largest oil exporter

The country has overtaken Saudi Arabia in crude exports, and retained the top spot in exports of natural gas, according to a BP report
 
BP

BP "unlikely" to invest in Saudi Aramco IPO: CEO

BP is the second major company to suggest it is not interested in the IPO, following Russian Lukoil, which made a similar statement earlier this month
 

 

Iran signs deals to sell crude to European firms

Iran signs deals to sell crude to European firms

Long-term deals have been signed with Saras SpA and Eni of Italy, Spain's Repsol, Hellenic Petroleum SA of Greece, France's Total, Switzerland's Vitol Group as well as Lukoil of Russia
 
Shell could exit 10 countries, CEO says

Shell could exit 10 countries, CEO says

Ben van Beurden says the Anglo-Dutch group said it anticipated savings of $4.5bn in two years' time, $1bn more than previously forecast
 
Aramco raises Asia oil pricing amid robust demand

Aramco raises Asia oil pricing amid robust demand

State oil giant Saudi Aramco increased its official selling price for Arab Light crude by 35 cents a barrel to 60 cents more than the regional benchmark for sales to Asia
 
Qatar's Texas LNG venture to begin exports by 2021

Qatar's Texas LNG venture to begin exports by 2021

Qatar Petroleum (QP) owns a 70% stake in an LNG receiving terminal in Texas that is backed by Exxon Mobil and ConocoPhillips
 
OPEC pumps 32.52mn barrels of oil per day in April

OPEC pumps 32.52mn barrels of oil per day in April

This rise in output occurred after OPEC and non-OPEC producers failed to agree on a proposal to freeze output in Doha on April 17 in a bid to stabilise prices
 
Iran's Pasargad mulls $330mn IPO of energy unit

Iran's Pasargad mulls $330mn IPO of energy unit

Company's top official says the IPO could take place in the current Iranian year, which ends March 2017, "or latest, next Iranian year," adding the listing may raise about 10tn Iranian rials or $330mn
 
Shell cuts spending further by 10% after BG deal

Shell cuts spending further by 10% after BG deal

Europe's largest oil company has been under pressure from shareholders to cut annual spending below $30bn to ensure it can maintain its dividend
 
Russia investing to make Bahrain a gas hub: Report

Russia investing to make Bahrain a gas hub: Report

The hub will be meant to intake LNG from various sources, including Russia
 
Old Dead Sea well could hold $322mn worth of oil

Old Dead Sea well could hold $322mn worth of oil

Israel Opportunity says the Hatrurim license is estimated to contain reserves of 7mn to 11mn barrels of oil
 
Taqa mulls selling off overseas oil and gas assets

Taqa mulls selling off overseas oil and gas assets

In its 2015 annual report, the Abu Dhabi government-owned company mentioned it had an agreement with another Abu Dhabi party to sell all its assets in North America and Kurdistan and most of it in Europe
 
Potential issues delay Aramco IPO's final form

Potential issues delay Aramco IPO's final form

Due to the huge size of the IPO it can only be handled by the largest stock markets like New York and London, The Economist quoted Aramco chairman as saying
 




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