The International Energy Agency (IEA) today announced that it had revised up its forecast of global oil demand growth in 2016 to 1.6m barrels a day (b/d) and forecast a further 1.3m b/d increase in demand in 2017. This would…
Day: June 14, 2016
Swiss win Iran petchems job
Sadaf Petrochemical Assaluyeh Company has awarded Welding Engineers of Switzerland a contract for construction, installation and operations at its complex in southern Iran, Irna newsagency has reported. Irna said it was the first contract signed in the petchems sector with…
Iran’s output hits 3.8m b/d
\ Iran’s Oil Minister Bijan Zangeneh For full coverage of Middle East business, see MEED Iran’s oil production is 3.8m barrels a day (b/d) and exports are running at 2m b/d, Iran’s Oil Minister Bijan Zangeneh told the Islamic republic’s parliament…
GCC bank profits fall
For full coverage of Middle East business, see MEED The earnings of GCC banks covered by Gulf Investment House fell by 0.7 per cent on a year-on-year basis to $5.6bn in the first quarter of 2016, the Kuwait investment bank…
Societe Generale to advise Tahrir Petchems
For full coverage of Middle East business, see MEED Egypt’s Tahrir Petrochemicals Corporation has mandated Societe General as financial advisor to the $5.9bn Tahrir Petrochemicals project. It will be Egypt’s largest petrochemicals complex once it is completed and will comprise…