If the Aramco IPO happens, where it lists, what and how it lists is independent of what MSCI will do to classify, says head of MSCI for the Middle East.
Iraq's crude oil exports from its southern ports on the Gulf stand at 3.5million barrels per day so far in Feb.
The $6bln Star refinery will supply feedstock to Turkish petrochemicals firm Petkim.
ADNOC Refining, an ADNOC subsidiary, produces up to 500,000 metric tonnes per year of high quality Group III base oil.
Oil demand should keep growing by 1.1mln b/d per annum out to 2023, BofAML said.
A number of businesses signed the initiative, which involves signing a ‘pledge board’, whether at cafes, schools or businesses.
Indian refining margins expected at $7-$8 per barrel
Stronger dollar makes oil more expensive for some buyers
The green energy project will produce 3MW from solar energy and 2MW from wind power.
ONGC short-listed U.S. oil service companies Halliburton, Schlumberger and GE subsidiary Baker Hughes to submit proposals.