Riyadh / Emirates Business The Kingdom of Saudi Arabia is realizing Saudi Vision 2030 energy goals with advanced offshore construction technology, experts announced on Sunday in the build-up to ADIPEC 2016. Saudi Vision 2030 aims to increase oil and gas localization from 40 percent to 75 percent. Supporting these energy goals, leading Middle East’s leading firms are driving investment ...

  DUBAI / Reuters Iranian Oil Minister Bijan Zanganeh expressed optimism on Saturday about an upcoming OPEC meeting and said crude prices could jump to $55 a barrel if an agreement is reached and non-OPEC producers cooperate. “We are receiving positive signals that increase the likelihood of agreement at the meeting … and I’m optimistic about the situation,” Zanganeh told ...

  Dubai / Emirates Business USGBORAL ME, the renowned manufacturer of interior finishing products, has begun production of metal ceiling panels from its Dammam factory in Saudi Arabia, the newest and latest plant for metal ceiling in the region for the past 5 years. The move marks a major expansion of the company’s product portfolio, which comprises plasterboard, ceiling lining ...