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KMG and Sinopec to carry out exploration projects in Kazakhstan

ALMATY. May 18 (Interfax-Kazakhstan) โ€“ National Company KazMunayGas JSC (KMG) and Chinas Sinopec International Energy Investment Limited (Sinopec) have signed an agreement on cooperation in geological exploration of mineral resources in Kazakhstan, KMG said in a press release on Thursday.
Almaty Qalasy China Sinopec International Energy Investment Limited National Company Kazmunaygas Sinopec International Energy Investment Limited

Westwood Insight – GCC onshore drilling rig demand forecast for 25% growth by 2027

Westwood has released the MENA Onshore Drilling Rig Market Forecast, the first in a series of new regional land rig reports available to subscribers. Westwood predicts 25% healthy demand growth for land rigs in the Middle East GCC region over the 2023-2027 forecast period, as Saudi Arabia and the UAE pump billions into reaching production capacity targets.
Saudi Arabia Todd Jensen Onshore Energy Services Westwood Global Energy Group Gulf Cooperation Council Saudi Aramco

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Oil Updates — Crude eases; Britain awards 20 offshore carbon storage licenses

RIYADH: Oil prices fell on Thursday as traders watched for signs of progress on talks to raise the US debt ceiling, after surging nearly 3 percent in the previous session on optimism over fuel demand from the North American country. Brent crude futures dipped 27 cents, or 0.35 percent, to $76.69 a barrel as of 11:40 a.m. Saudi time. US West Texas Intermediate crude dropped 28
United Kingdom Saudi Arabia Amazon River Brazil General United States North Sea

Central Asia forges ties with China as Xi touts 'enduring' friendship

By Andrew Hayley XIAN, China (Reuters) - Central Asian heads of state converged in Chinas historic city of Xian on Thursday for one-on-ones with Chinese leader Xi Jinping to seal pledges of enduring friendship, paving the way for a summit expected to result in a regional pact with Beijing. The bilaterals set the stage for a group huddle on Friday, the first in-person gathering of the six leaders, where Xi will deliver an important speech, according to Chinas foreign ministry. An important politi...
Joe Cash Vladimir Putin Andrew Hayley Sadyr Japarov Raju Gopalakrishnan Kassym Jomart Tokayev

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