On his second visit to the kingdom this year, the American leader met Saudi King Abdullah on Friday to renew his appeal for more oil from members of the Organization of Petroleum Exporting Countries to tame record oil prices.
India's largest importer of Iranian crude, said on March 14 that the refinery might be forced to stop importing oil from Iran if it can't renew the insurance on its refinery.
The 30-year venture to treat the potentially deadly gases in Bab also puts Europe's largest energy company in a strong position to renew its role in the UAE's largest onshore oil concession, on which the Bab field stands, when that contract comes up for renewal early next year.