Tuesday 22 August 2017
 
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hydrocarbons

Why GCC will find it hard to diversify from hydrocarbons

The GCC economies' high concentration and dependence on the hydrocarbon sector, which averaged about 30 per cent of GDP and 60 per cent of total exports over 2015-2016 could become a credit negative factor when not offset by substantial fina

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Rosneft, Kurdistan to expand strategic tie-up

Russia’s Rosneft and the Kurdistan Regional Government (KRG) have signed a series of agreements on expanding their collaboration in exploration and production of hydrocarbons, commerce and logistics, a report said. The docum

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KBR, IBM to develop digital products for gas sector

KBR, a global provider of technology services and IBM have entered an agreement to collaborate on the development of digital products and services in the gas and petrochemical customers sector. Falling crude prices, volatile socio

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KBR, IBM to develop digital products for gas sector

KBR, a global provider of technology services and IBM have entered an agreement to collaborate on the development of digital products and services in the gas and petrochemical customers sector. Falling crude prices, volatile socio

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Oman steps up hunt for hydrocarbon resources

Oman plans to drill a number of exploration wells in Blocks 3 & 4 targeting prospective hydrocarbon resources, Swedish based international oil and gas firm Tethys Oil was quoted as saying. The Swedish company said it also plan

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Oil, gas to play major role in energy mix ‘for decades’

Oil and gas will continue to play a significant role in the future energy mix for decades to come as the world transitions to a sustainable energy future, president and CEO of Saudi Aramco Amin Nasser said at the World Economic Forum (WEF) in Da

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Low oil slows Kuwait’s non-oil expansion: IMF

Economic activity in Kuwait’s non-oil sector continued to expand in 2016, albeit at a slower pace, reflecting the impact of lower oil prices, said an IMF report. Non-hydrocarbon growth slowed from 5 per cent to an estimated

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Low oil slows Kuwait’s non-oil expansion: IMF

Economic activity in Kuwait’s non-oil sector continued to expand in 2016, albeit at a slower pace, reflecting the impact of lower oil prices, said an IMF report. Non-hydrocarbon growth slowed from 5 per cent to an estimated

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Daleel to boost use of ultra-thin reservoirs

Daleel Petroleum, a Muscat-based oil and gas exploration and production firm plans to harness the hydrocarbon potential of ultra-thin carbonate reservoirs to help boost the reserves potential of its Block 5 concession in Oman. &ld

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Mideast growth seen beyond oil and gas sector

The Middle East is well placed to diversify its economy away from oil and gas, with growth potential in numerous sectors such as solar power, tourism, finance, according to a new report by UBS, the world's largest global wealth manager.

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