Anthony Dipaola Bloomberg
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Middle East's $2 Trillion Wealth Could Be Gone by 2034, Says IMF
The Arab monarchies of the Persian Gulf face a budget reckoning and risk squandering their $2 trillion in financial wealth within 15 years as oil demand nears peak levels, according to the International Monetary Fund.
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After Saudi Arabia, Abu Dhabi Oil Giant To Buy Into Maharashtra Refinery
Adnoc is among Middle Eastern crude producers, including Saudi Arabia and Kuwait, that are boosting refining, marketing and petrochemical capacity to bolster and diversify income.
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China And India Compete In New Area: Abu Dhabi Oil Fields
A stake in the offshore oil concession that's set for renewal in March would mark a second big win of crude development rights in the emirate for China National Petroleum Corp.
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Saudi Arabia Sees Its Oil Reserves Lasting Another 70 Years
The nation's wealth is based mainly on oil, with crude sales accounting for 75 percent of total export earnings, according to the prospectus.
_1526275868915.jpg?downsize=260:195 "After Saudi Arabia, Abu Dhabi Oil Giant To Buy Into Maharashtra Refinery")
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Middle East's $2 Trillion Wealth Could Be Gone by 2034, Says IMF
The Arab monarchies of the Persian Gulf face a budget reckoning and risk squandering their $2 trillion in financial wealth within 15 years as oil demand nears peak levels, according to the International Monetary Fund.
-
After Saudi Arabia, Abu Dhabi Oil Giant To Buy Into Maharashtra Refinery
Adnoc is among Middle Eastern crude producers, including Saudi Arabia and Kuwait, that are boosting refining, marketing and petrochemical capacity to bolster and diversify income.
-
China And India Compete In New Area: Abu Dhabi Oil Fields
A stake in the offshore oil concession that's set for renewal in March would mark a second big win of crude development rights in the emirate for China National Petroleum Corp.
-
Saudi Arabia Sees Its Oil Reserves Lasting Another 70 Years
The nation's wealth is based mainly on oil, with crude sales accounting for 75 percent of total export earnings, according to the prospectus.
