The Saudi Dilemma: To Cut Or Not To Cut

Green Car Congress

In spite of reservations expressed by Nigeria and Libya, if Saudi Arabia managed to convince everyone to cut amid the major tensions with Iran ahead of the U.S. million bpd, which was 770,000 bpd more than the average daily loadings rate for October and much higher than the last 2018 high of 7.766 million bpd booked for June. by Irina Slav for Oilprice.com.

IHS Markit identifies 5 billion barrels of oil equivalent in short-cycle opportunities outside North America

Green Car Congress

Volkswagen founds mobility services company in Rwanda; to begin local assembly of Polo and Passat

Green Car Congress

Vehicle assembly began in Nigeria in 2015, and in Kenya in December 2016. The Volkswagen brand has founded “Volkswagen Mobility Solutions Rwanda”, a company based in Rwanda. The objective is to provide modern integrated mobility services in Africa in future. As part of its worldwide regionalization strategy, Volkswagen is planning to expand its business presence significantly in Sub-Saharan Africa.

China-based GAC to debut new SUV, hybrid crossover and EV at Detroit show; planning NA market entry in 2018

Green Car Congress

The company has sold 370,000 vehicles in 2016, a 97% year-on-year increase that makes the company the fastest growing auto brand in China while establishing sales and services networks in 14 countries as the company expands further in the international market, including the recent mega launch events of GS4 in Bahrain and Nigeria and tripling the number of cars sold in Bahrain a year after entering the market as the best-selling Chinese auto brand in the country.

Total to acquire Engie’s upstream LNG business, becoming 2nd largest global LNG player

Green Car Congress

The transaction is expected to close by mid-2018 and will have an effective date of 1 January 2018. A portfolio of long-term LNG purchase and sale contracts, enabling the Group in increase its overall portfolio to 28 MTPA by 2020, with a diversified supply from Algeria, Nigeria, Norway, Russia, Qatar and the USA, and outlets balanced between Europe and Asia.

2017 60