Balanced News: Oman’s Abraj signs energy deal with Saudi’s Chevron, Kuwait’s Gulf Oil

Abraj Energy Services signed a strategic partnership with Saudi Arabian Chevron and Kuwait Gulf Oil Company to drill and oil extract in the Wafra oil field in southern Kuwait. The partnership is a significant step forward for Abraj as they continue to grow their regional footprint. Oman has been implementing economic reforms in an effort to reduce its large debt, but high oil prices and tourism from China have helped boost the Omani economy recently.