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The India-Middle East-Europe Economic Corridor ( IMEC) is a planned economic corridor that aims to bolster economic development by fostering connectivity and economic integration between Asia, the Persian Gulf and Europe. [ 1][ 2] The corridor is a proposed route from India to Europe through the United Arab Emirates, Saudi Arabia, Israel and ...
WEPEC Dalain Refinery, 200,000 bbl/day. Sinopec Jinan Company, 21,000 bbl/day. Sinopec Qilu Company Refinery, 195,000 bbl/day. Sinopec Shanghai Gaoqiao Oil Refinery, 220,000 bbl/day. Sinopec Tianjin Company Refinery, 100,000 bbl/day. China National Petroleum Corporation ( PetroChina) Dushanzi Refinery, 120,000 bbl/day.
Relations between the two nations are generally strong and close, especially in commercial interests. Indo-Saudi bilateral trade reached US$27.48 billion in the financial year 2017–18, up from US$25.1 billion in the preceding year. Saudi Arabia's exports to India stood at US$22.06 billion whereas India's exports were US$5.41 billion. [1]
Ghawar ( Arabic: الغوار) is an oil field located in Al-Ahsa Governorate, Eastern Province, Saudi Arabia. Measuring 280 by 30 km (170 by 19 mi) (some 8,400 square kilometres (3,200 sq mi)), it is by far the largest conventional oil field in the world, [ 1] and accounts for roughly a third of the cumulative oil production of Saudi Arabia as ...
Saudi Arabian Typhoon, 2009. On 18 August 2006 it was announced that Saudi Arabia had agreed to purchase 72 Typhoons. [31] In December 2006 it was reported in The Guardian that Saudi Arabia had threatened to buy Dassault Rafales because of a UK Serious Fraud Office investigation into the Al Yamamah ("the dove") defence deals which commenced in ...
In July 2021 OPEC meetings, Saudi Arabia and the United Arab Emirates had disputed over oil price as Saudi Arabia-led deal to raise production beyond the cap set for early next year was blocked by the UAE. [28] Saudi Arabia and the UAE later settled the difference with a compromise to unlock more oil supplies. [29]
t. e. Foreign relations of Saudi Arabia are the diplomatic and trade relations between Saudi Arabia and other countries around the world. The foreign policy of Saudi Arabia is focused on co-operation with the oil-exporting Gulf States, the unity of the Arab World, Islamic solidarity, and support for the United Nations. [ 1]
The economy of Saudi Arabia is the second-largest in the Middle East and the seventeenth-largest in the world. [ 6] The Saudi economy is highly reliant on its petroleum sector. Oil accounts on average in recent years for approximately 40% of Saudi GDP and 75% of fiscal revenue, with substantial fluctuations depending on oil prices each year.