#Oman Oil Company and Oman Refineries and Petroleum Industries Company are integrating their downstream businesses as phase one of their merger plan with oil production and marketing of 1 million bpd.
Highlight: fighting broke out in #Hodaideh
#Iran: Zarif says Europe is struggling to set up SPV
#Iraq: denies starting a mediation between #Tehran & #Riyadh
#Kuwait: govt starts a probe in infrastructure failure after the recent floods
Few days after the US, #Germany bans 18 #Saudi citizens suspected of being involved in #JamalKhashoggi's death from entering #Europe's Schengen zone.
Also, the German Economy Ministry said that it halted all arms sales to #KSA that was previously approved.
#Kuwait is planning to reduce the number of expats by at least 1.5 million over the next 7 years through a national committee dedicated to demographic management which will limit the number of foreigners in Kuwait to 25% of the population.
The US sanctions are hurting other Gulf states; in 2017, 29% of Iran’s $71.5 billion imports passed through UAE. Now, Banks in the UAE, including in Dubai, have become more reluctant to work with Iranians for fear of exposing themselves to US legal action.