Political uncertainty will weaken Algeria’s growth outlook: Moody

ain taya 2425108 640Moody’s rating agency has said that prolonged political uncertainty in Algeria will undermine growth prospects and weigh fiscal and international imbalances

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New OPEC+ cuts are needed to prop up oil prices: Rystad Energy

3148612368 399dcb036f zAs oil prices approach US$70 a barrel, Rystad Energy expects that a short-lived price rally through the first half of 2020 will then lose momentum and be replaced by a need for additional production cuts by Russia and the cartel of oil producing countries, OPEC

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Saudi Aramco international bond attracts US$100bn

Khursaniyah Gas PlantSaudi Aramco debut international bond offering had attracted more than US$100bn, sources familiar with the matter said

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Raccortubi Group obtains EAC certification

Raccortubi Russia 1Raccortubi and its production mills, Petrol Raccord and Tecninox, have obtained the EAC certification (Eurasian Conformity) in compliance to CU TR (Custom Union Technical Regulations) 032/2013

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Saipem wins US$200mn offshore drilling contracts

8059576456 72d017a909 zItalian offshore contractor Saipem has won new offshore drilling contracts in Norway and the Middle East totalling more than US$200mn

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