India’s Nayara Energy, in which Rosneft holds 49.13% of shares, is interested in the production of polypropylene in India.
Omani companies, which are fully-owned by the Investment Authority, have signed 13 memorandums of understanding with their Saudi counterparts in different sectors, Oman’s state TV reported on Monday.
RIYADH: Oil prices rose after top exporter Saudi Arabia raised prices for its crude sold to Asia and the US, shrugging off worries around the omicron variant and suggesting confidence in the demand outlook.
Saudi Arabia’s main benchmark index TASI started the week in the green zone with stocks recouping omicron-related declines, up around 350 points from last week.
Oil climbed amid broader market gains on reports that early cases of the omicron Covid-19 variant have been fairly mild, easing concern about a possible blow to demand.
Back in the 1980s, Norway was having the same conversation as we’re having now, namely what to do with excess revenue from a certain sector.
Oil rose for a second day on Friday after OPEC+ said it would meet again to review output if the omicron COVID-19 variant impacts demand.
Oil jumped after the OPEC+ alliance left the door open to reversing its decision to boost output.
US and Brent Crude oil dropped $2 a barrel after sources claimed OPEC+ has decided to stick to its planned January output rise of 400,000 per day, Reuters is reporting.
Petroleos Mexicanos is replacing its finance chief as President Andres Manuel Lopez Obrador tightens his grip on the struggling state oil giant.