ABU DHABI / WAM Leading companies from the largest oil producing region outside OPEC, the Commonwealth of Independent States (CIS) will be increasing their presence at this year’s Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) targeting the event as a hub for global deal-makers. Two of Russia’s biggest oil and gas companies, Lukoil and Gazprom, have each confirmed substantial ...

DUBAI / LONDON / Reuters China is offering to buy up to 5 percent of Saudi Aramco directly, sources said, a move that could give Saudi Arabia the flexibility to consider various options for its plan to float the world’s biggest oil producer on the stock market. Chinese state-owned oil companies PetroChina and Sinopec have written to Saudi Aramco in ...

ALGIERS / Reuters Algeria aims to amend its energy law in 2018 as it plans to improve contract terms to attract needed foreign investment, authorities said, giving the first timeline for a much-anticipated move. OPEC member and gas supplier Algeria relies heavily on energy revenues to balance state finances, which have been hit significantly by a drop in global oil ...