Abu Dhabi National Oil Co. has unveiled more than 60 billion dirhams ($16.3 billion) in local manufacturing opportunities through 2030, as the UAE energy giant seeks to boost domestic production and strengthen industrial supply chains.
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Saudi Arabia's first wind turbine for electricity generation was inaugurated by Saudi Aramco in January 2017 in Turaif, a governorate in the Northern Borders Region.
QatarEnergy is buying American LNG to use its trading expertise and customer network, diversify supply and hedge future revenue losses from Hormuz disruption.
Yemeni Houthis have carried out further attacks on Saudi Arabia, pushing oil prices higher on Friday. The Iran-aligned militia said it had hit several Saudi Aramco facilities.
Gulf oil producers will retain their importance in global energy markets despite the Iran war, industry experts say, with one business leader calling for stronger supply guarantees in order to maintain customers’ confidence.
