Tag Archives : oil & gas

Saudi government spends SR220bn on fuel subsidies

The Kingdom spends SR220 billion a year to subsidize gasoline and diesel, a Shoura Council member said here recently. Fahad bin Juma’, deputy chairman of the committee for energy and economic affairs, said the country uses an estimated 2.8 million barrels of petrol and gas a day during the summer season to desalinate water and […]

Saudi, Kuwait shelve Dorra gas field project

KHOBAR, Saudi Arabia, Aug 29 (Reuters) – Saudi Arabia and Kuwait have shelved their project to develop the Dorra offshore gas field after disagreeing over how to share the gas back on land, a senior Kuwaiti energy source said. Dorra has long been a bone of contention between Kuwait and Iran, which also lays claim […]

Doha takes risk on new method

The Gulf state is no longer looking to ramp up petrochemical production slowly, but rather to add a massive amount of capacity within a short timeframe Qatar’s petrochemicals industry has earned a reputation for delivering high-quality products to the global market. This has been achieved by slowly ramping up production and ensuring the quality of […]