News

Brazilian oil will replace Saudi oil in the Chinese market, as the Saudis have raised prices for their raw materials.

The merger of the Austrian Borealis and the Emirati Borouge, a joint venture between ADNOC and OMV, is being discussed.

It is also reported that Indian companies make part of the payments for Russian oil in dirhams.

Saudi Arabia’s national oil company Saudi Aramco and France’s Total Energies have signed an agreement for $11 billion, which includes the construction of a new petrochemical complex.

It now stands at 4.43 million b/s.

The M350 vessel is capable of processing up to 220 thousand barrels of crude oil per day.

Sri Lanka has signed a long-term agreement with Sinopec on the retail sale of fuel.

Following the results of the Islamic Financial Forum held in Jeddah, good agreements were reached with the Islamic Development Bank and it was decided to accelerate the implementation of construction and investment projects that had been postponed for several years.