The design and engineering phase for the project started during May 2017 and now the production phase has started with target to deliver the first boat in December 2018 while the delivery of all ten boats will be completed in July 2019.
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Saudi Aramco CEO addresses future of oil at CERAWeek conference
In a special address before an audience of energy executives, experts, government officials and policymakers, Nasser noted that strong economic growth in the emerging and developing markets will continue to drive demand for hydrocarbons.
China, US data starting to weigh on oil prices
Slowdown in China and growing US oil reserves put pressure on crude.
Oil prices slip back slightly
Despite modest retreat, oil prices hold steady as Saudi oil chief supports output cuts.
Oil price to help MENA region debt sales
Firm Brent crude price should assist Middle Eastern oil producers to balance their borrowing this year.
Future oil prices key to Saudi Aramco IPO
Oil price futures could be a clue to estimating the timing of Aramco’s massive IPO.
India awaits ADNOC oil shipments
Abu Dhabi oil giant to help provide India with strategic petroleum reserve.
Al Falih confident on oil price
Saudi Arabia determined to keep tight rein on oil exports.
OPEC predicts oil demand spike in 2018
Economic growth likely to drive demand for crude, says cartel.
ADNOC builds towards first oil production from Al Dhafra Petroleum
ADNOC plans to start production from Haliba with an initial capacity of 20,000 barrels of oil per day by mid-2019, progressively increasing to 40,000 barrels per day by 2020.