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Chinese banks are lending to Gulf energy giants, and analysts say the borrowers are choosing it
Gulf energy majors with strong balance sheets are still borrowing from Chinese banks, for the margins and the extra lenders,…
The Gulf’s routes around the Hormuz chokepoint have chokepoints of their own
Pumping stations, power supplies, and loading arms are the weak points, and the Gulf can’t defend all of them
Acwa and EIG target USD 4 bn in equity for a US power platform
Plus: Edge takes majority control of uncrewed vessel maker Marix
Adnoc may sell its 10% stake in global storage operator VTTI, with Adani among the suitors
Plus: Kuwait Petroleum Corporation has signed its first term naphtha contract on a delivered basis
Gulf money is spreading across Syria’s rebuild, and Saudi Arabia holds the widest stake
Saudi Arabia is in most layers of the build-out, while CMA CGM, DP World, and a Qatar-led consortium hold the…
Former dark-fleet tankers are moving Iraqi crude through Hormuz as freight rates hit records
The rates pulling them in are now being challenged in court, as the US warns ships without business in Hormuz…
Abu Dhabi’s Private Department launches an LNG fund targeting USD 1.2 bn, and the UAE’s own LNG still leaves through Hormuz
A new fund adds to the Gulf’s growing overseas LNG investment ambitions
NMDC Energy’s 3Q net income more than halves + Adnoc Drilling’s holds flat
Two UAE energy contractors face the same regional disruptions, but their earnings tell different stories
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