Thursday 29 January 2015
 
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production

Next oil price surge ‘already being set up’

Investment in oil sector is already being hit hard due to the recent price plunge . Unless production is added, surplus capacity will be quickly eroded, setting up the stage for the next oil price surge, says a top industry analyst.

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GCC aluminium production to hit 5m tonnes

The GCC’s five aluminium companies have collectively produced a total of 4,928,143 tonnes of primary aluminium in 2014 compared to 3,748,616 tonnes in 2013, an increase of 31 per cent. GCC aluminium production constitutes 10

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Oil price to fall until major Asian manufacturers feel the benefit

Oil prices will continue to drop as high production meets weak demand and a strong US dollar pressures crude, and markets will only pick up once major manufacturing economies particularly in Asia feel the benefit

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US oil production likely to fall by end of 2015

Unless prices recover, the US oil production will start falling before the end of 2015 as new drilling is insufficient to replace declining output from wells completed in 2013 and 2014, said an expert. Future production depends on

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Saudi SPF to install hitech production lines

Sandwich Panel Factory (SPF), a major manufacturer of expanded polyurethane foam of sandwich panel in Jeddah, Saudi Arabia, is planning to boost its production capacity by installing hitech production lines from Korea and Italy. A

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Icflix releases its original production ‘Al Makida’

Icflix, a provider of access to Hollywood, Bollywood and Jazwood (Arabic) content, has released the second of its original products to its global audience, exclusively on the online streaming service. The movie, entitled ‘Al

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Algeria energy minister says Opec should cut oil output

Algeria said that Opec should cut production to push oil prices up, adding that it did not share the views of big producers inside the cartel who prefer to let the market regulate prices, energy minister Youcef Y

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Ma’aden-Alcoa JV achieves major production milestone

The Saudi Arabian Mining Company (Ma’aden) and lightweight metals leader Alcoa have achieved a major milestone with the production of the first alumina at their joint venture aluminum complex in Ras Al Khair, Saudi Arabia. T

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Saudi tops GCC in polymer production

Saudi Arabia has emerged as the biggest producer of polymers in the GCC with a 74 per cent share of the region's total capacity amounting to 17.6 million tonnes, said a report. There was an addition of 2.2 million tons in GCC

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Mars invests $140m in GCC expansion

Mars Incorporated, a leading global confectionary manufacturer, has invested $60 million to further expand the Jebel Ali Free Zone factory in Dubai, UAE, with a new production line for its Snickers brand and $80 million in a new manufacturing fa

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