"The fiscal deficit is expected to widen to over 6 per cent due to lower hydrocarbon
revenue, a sharp increase in capital expenditure, and continued high current spending.
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"In the event of a sharp and sustained decline in the oil price or in hydrocarbon
export volume, the GCC states' dependence on the oil and gas sector is a key vulnerability, particularly in the absence of significant financial buffers," said Standard & Poor's credit analyst Trevor Cullinan said.
"Concentration risk related to the economy's reliance on hydrocarbon
resources remains high.
With regard to Kuwait''''s hydrocarbon
industry, he underlined that the Kuwait''''s Petrochemical Industries Company, an affiliate to the state-owned Kuwait Petroleum Corporation, is planning expansion in the production of olefins, aromatics and other petrochemical products.
Some of the prominent key players operating in the global aliphatic hydrocarbon
market are Exxon Mobil Corporation (the U.S), SK global chemical Co., Ltd.
In terms of type of service, the global hydrocarbon
storage tank cleaning service market can be divided into manual tank cleaning service and automated tank cleaning service.
KARACHI -- Pakistan Petroleum Ltd reported discovery of hydrocarbons
in the Digri Exploration License joint venture (75pc working interest held by United Energy Pakistan and 25pc by PPL).
QNB said the GDP growth is forecast to gain by a solid 2.6 percent in 2018 as the drag from the hydrocarbon
sector abates and the non-hydrocarbon sector is supported by construction, agriculture, manufacturing, transportation and storage.
According to the notification, PPL, while conducting drilling to test the hydrocarbon
potential of Khewra sandstone formation have found hydrocarbons
from the exploratory well.
Al-Ghamdi performed the separation of the inorganic materials part (non-hydrocarbon) from the hydrocarbon
part for the complex sample such as sludge deposit collected from the NG line, where the methylene chloride was insoluble.
The Mari Petroleum Company Ltd (MPCL) has announced that it has hit a new hydrocarbon
deposit in Ghotki, Sindh.