At a time of great change in Saudi Arabia and amidst debates about rapid economic diversification, it is perhaps easy to overlook the fact that even in the most optimistic forecasts of Saudi Vision 2030 – the national development strategy – the oil and gas sector will account for at least half of the country’s exports in the fourth decade of...
On January 4, 2016, with Brent crude valued at $30 per barrel, Crown Prince Mohammed bin Salman Al Saud first mentioned the possibility of selling off a small part of the state oil company, Saudi Aramco. Even with global oil prices in the doldrums, his mention of a possible IPO of the firm in a rare interview with The Economist...
In 2016 Qatar retained its title as the world’s largest exporter of liquefied natural gas (LNG). For many years the state has also been a global player in the crude oil and petroleum product markets. It is a key energy provider for many of the world’s leading economies, lying at the heart of a hydrocarbons logistics chain that stretches from...
With domestic sources of oil in decline – and, until recently, a moratorium in place on further exploitation of the country’s vast offshore natural gas reserves – Qatar has been boosting its overseas investments, with state oil and gas giant Qatar Petroleum (QP) now involved in projects across the globe. QP has been working in cooperation with...
Recent times have seen the announcement of some major mergers in Qatar’s oil and gas industry, as hydrocarbons players respond to changing global conditions. The new, leaner sector should benefit from shared back office functions and more efficient practices, with the changes broadly welcomed across the industry.
In 2017 Kuwaiti citizens were offered an opportunity to own a piece of history in an unprecedented stock market floatation. An initial public offering (IPO), which was due to take place by the end of 2017, was for a 50% stake in the country’s first independent water and power project (IWPP), the initial phase of Al Zour north.
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