Middle East News


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Iraqi Forces Seize Oil City Kirkuk From Kurds In Bold Advance
Monday, October 16, 2017 Iraqi government forces captured the major Kurdish-held oil city of Kirkuk, responding to a Kurdish referendum on independence.

Trump Disavows Iran Deal: What's at Stake for Oil Markets
Friday, October 13, 2017 Iran, already struggling to attract investors to its energy industry, may find things tougher still as Trump refuses to certify the nuclear deal.

Saudis Said to Weigh Delaying International Part of Aramco IPO
Friday, October 13, 2017 Saudi Arabia is considering selling shares in Saudi Aramco next year while delaying the international portion of the IPO until 2019, according to sources.

OPEC Is Said to See Oil Inventory Glut Finally Gone in One Year
Thursday, October 12, 2017 OPEC expects its efforts to clear the surplus in oil inventories to finally succeed by the end of the third quarter of next year, say people familiar with the group's internal forecasts.

Bids On Lebanon Offshore Energy Blocks Close
Thursday, October 12, 2017 Lebanon's Energy Minister Cesar Abi Khalil says a tender has closed on a first round of offshore energy blocks.

OPEC Again Raises Demand Forecast For Its Oil, Points To 2018 Deficit
Wednesday, October 11, 2017 OPEC forecast higher demand for its oil in 2018 and said its production-cutting deal with rival producers was getting rid of a glut.

Iraq's Luaibi Orders Work To Reopen Oil Pipeline To Turkey
Tuesday, October 10, 2017 Iraq plans to reopen a crude oil pipeline from the Kirkuk oilfields to Ceyhan in Turkey, the oil ministry said.

Oil Official: Iran's Azadegan Oilfield Tender Delayed To 2018
Tuesday, October 10, 2017 A tender for developing Iran's Azadegan oilfield has been delayed again, a senior Iranian oil official says.

Iraq and Iran Boost Oil Exports in Sales Battle With Saudis
Tuesday, October 10, 2017 Iraq and Iran boosted crude exports in September, taking advantage of a slower pace of shipments from rival Saudi Arabia to win buyers in key markets like China and the US.

How Deep Will Saudi Cut Its Oil Output? To the Lowest Since 2015
Tuesday, October 10, 2017 Saudi Arabia has promised to do 'whatever it takes' to end the global oil gut.

Iraq's Talks with Exxon on Southern Oilfields in Final Stages-Minister
Monday, October 09, 2017 Iraq's talks with Exxon Mobil to develop a multi-billion-dollar project to boost output from several southern oilfields are nearing completion, oil minister Jabar al-Luaibi said on Monday.

Iraq Hopes To Resume Production From Nineveh Oil Fields In Coming Months
Tuesday, October 03, 2017 Iraq Hopes To Resume Production From Nineveh Oil Fields In Coming Months

Petronas Chem Sells Half Of Polymers Business To Saudi Aramco For $900MM
Monday, October 02, 2017 Petronas Chemicals Group Bhd (PCG) says it plans to sell 50% of a polymers unit to Saudi Aramco's wholly owned subsidiary.

Officials: Islamic State Torches Oil Wells In Northern Iraq
Monday, October 02, 2017 Islamic State militants set fire to three oil wells near Hawija, one of two areas of Iraq still under their control, military and oil officials say.

Middle East Oil Producers Turn to Crude Trading to Boost Incomes
Friday, September 29, 2017 Other OPEC members are joining in as oil prices remain at roughly half their levels of mid-2014.

Iraq Says Turkey Backs Baghdad in Feud Over Kurd Oil Exports
Thursday, September 28, 2017 An exclusive deal could disrupt crude shipments from the independence-seeking Kurd region.

Statoil Among Firms Seeking Stakes in Abu Dhabi Offshore Blocks
Monday, September 25, 2017 Statoil is among producers involved in discussions with ADNOC about joining offshore production in the emirate, according to a Norwegian diplomatic dispatch.

Iran Vows Oil Exports as Cargoes Seen Unscathed by Trump Threat
Monday, September 25, 2017 Iran will persist with exporting its oil to global customers, unfettered by Donald Trump's intensifying offensive against the country, according to the Middle East nation's state-run producer.

Fault at Israel's Tamar Gas Field Prompts Use of Dirtier Fuels
Friday, September 22, 2017 A fault in the supply of natural gas from Israel's only commercial field has forced Energy Minister Yuval Steinitz to authorize the use of alternative fuel sources to produce electricity.

Abu Dhabi's Adnoc Is Said to Consider IPO for Shipping Business
Thursday, September 21, 2017 Abu Dhabi National Oil Co. is considering a plan to sell shares in its shipping unit as part of a broader strategy to attract investment.

Iraq's Kurds Seek Independence: What Impact for Oil Markets?
Thursday, September 21, 2017 At stake are the petrodollars that have helped sustain the Kurdish Regional Government's semi-autonomous rule after a budgetary deal with the federal government fell apart.

OPEC Has Success at Last, But Oil Revival May Be Short-Lived
Wednesday, September 20, 2017 When OPEC and its allies gather this week, they'll have the best evidence yet that their efforts to clear a global oil glut are succeeding. It may prove short-lived.

Sources: Chevron Drills Oil Well In Iraqi Kurdish Area After Two-Year Gap
Wednesday, September 20, 2017 Chevron drilled its first exploration well this month in Iraqi Kurdistan after a two-year break, industry sources say.

Iraq Says OPEC Mulls Deeper, Longer Oil Cuts to End-2018
Tuesday, September 19, 2017 Iraq and other oil producers taking part in global output cuts think they should reduce supply by an additional 1% to help re-balance the market, according to Jabbar al-Luaibi.

Lebanon Passes Oil Tax Law Ahead of First Energy-Rights Auction
Tuesday, September 19, 2017 Lebanon's parliament approved a law to tax revenue from oil operations, weeks before its first sale of offshore energy exploration rights.

Aramco Plans to Buy Non-Saudi Crude in Global Trading Expansion
Tuesday, September 19, 2017 Saudi Aramco plans to expand its trading business by buying and selling non-Saudi crude as the world's biggest exporter prepares for what could be a record initial public offering.

Dana Fight With BlackRock to Start Despite UAE Court Order
Tuesday, September 19, 2017 A London lawsuit over $700 million in Shariah-compliant bonds issued by Dana Gas PJSC will go ahead despite a last-minute United Arab Emirates court order.

Saudis Said to Mull Phasing Out Gasoline Subsidy by End-November
Monday, September 18, 2017 Saudi Arabia is considering a plan to phase out subsidies for gasoline and jet fuel in November at the latest.

Saudis Are Said to Prep for Possible Aramco IPO Delay to '19
Thursday, September 14, 2017 Saudi Arabia is preparing contingency plans for a possible delay to the initial public offering of its state-owned oil company by a few months into 2019, according to people familiar with the matter.

Kuwait Says OPEC May Decide on Extending Cuts in March 2018
Wednesday, September 13, 2017 OPEC and allied oil producers will keep reviewing options for their agreement to cut output, and a final decision on extending the deal beyond March could be postponed until the first quarter of 2018.

Qatar Says It's Fulfilling Oil and Gas Deals Despite Gulf Crisis
Wednesday, September 13, 2017 Qatar says it is fulfilling all of its contracted shipments of oil and gas despite a regional political crisis that led to the severing of ties with some of its neighbors.

Shell Set To Draw Line Under A Century Of Iraqi Oil
Wednesday, September 13, 2017 Shell is set to end a century of oil production in Iraq by withdrawing from two of the Arab state's flagship fields to focus on more profitable gas development.

Saudi Arabia Says It's Open to Another OPEC Cuts Extension
Monday, September 11, 2017 Saudi Arabian Energy Minister Khalid Al-Falih agreed with his Venezuelan, Kazakh and UAE counterparts to keep all options open in their push to re-balance world oil markets.

Will Saudi Aramco Deliver World Record Profit For Next Year's IPO?
Friday, September 08, 2017 When Saudi Aramco discloses its financials for the first time next year, it must either surprise investors with world record profits or reduce its aspirations for a $2T valuation in its IPO.

LNG Glut May Flip to Deficit as Cheniere Sees China Growth
Friday, September 08, 2017 The global glut plaguing LNG markets may start to dwindle in 5 years, threatening to spur a deficit equivalent to twice the output of leading producer Qatar.

Harvey Makes Landfall in Saudi Arabia, Muddying Waters: Gadfly
Friday, September 01, 2017 Saudi Arabia has explicitly targeted the US in its strategy to drain the crude oil glut.

Saudi Aramco Uses New Technology To Re-Explore Vast Empty Quarter
Thursday, August 31, 2017 Saudi Aramco is using new technology to re-explore areas of the vast Arabian desert known as the Empty Quarter.

BLOG: Qatar - A Case Study in Global Mobility Solutions Challenges
Wednesday, August 30, 2017 There's a perception that Qatar is a particularly challenging environment; more often than not, the risks are overblown.

Kurdistan Pays $1B To Dana Gas, Partners To Settle London Case
Wednesday, August 30, 2017 Iraq's Kurdistan region will immediately pay $1 billion to UAE-based Dana Gas and its partners to settle a long-running London court case.

Iraq Braves Break With Tradition to Get Oil's True Worth
Tuesday, August 29, 2017 OPEC's second-largest producer is stepping up the campaign to get more for its oil by looking to revamp the way it sells crude to its biggest customers.

Dow Chemical Plans to Boost Stake in Sadara JV to 50 Pct
Monday, August 28, 2017 The Sadara complex has 26 integrated facilities and the capacity to produce more than 3 million tonnes of products per year.

Iraq Faces Resistance From Asian Buyers On 'Ambitious' Oil Price Change
Friday, August 25, 2017 Iraq's proposal to change the way it prices crude oil in Asia faces resistance from refiners who fear that longer lead times between pricing and deliveries will expose them to more risk.

Saudi Aramco, SABIC Launch Bidding At Key Chemical Project
Thursday, August 24, 2017 Saudi Aramco and SABIC have launched bidding for engineering work on their joint crude oil to chemicals project.

Bapco To Meet Technip-Led Consortium For Talks On Refinery Expansion
Tuesday, August 22, 2017 Bapco will meet a consortium led by Technip for further talks over the planned expansion of Bahrain's only oil refinery.

JODI: Saudi Arabia Crude Oil Exports Fall Slightly In June
Thursday, August 17, 2017 Saudi Arabia's crude oil exports in June fell slightly to 6.889 million barrels per day.

Shell Divests Stake in Saudi JV
Wednesday, August 16, 2017 Shell has completed the sale of its 50-percent stake in the SADAF petrochemicals joint venture to SABIC, Shell announced Tuesday.

Saipem to Build Pipelines for Kuwait Refinery Project
Wednesday, August 16, 2017 A unit of Kuwait Petroleum Corp. has awarded Saipem an approximately $850 million contract tied to KOC's Al Zour refinery project.

OPEC's Long-Sought Success Spoiled by 2018 Oil Supply Worry
Tuesday, August 15, 2017 Oil investors are already worrying over the potential fallout when OPEC's deal to cut output expires, marring emerging signs that the accord to shrink a glut is finally succeeding.

Saudi's Sadara Commissions Last Plant of Its Saudi Petchem Complex
Monday, August 14, 2017 TDI is mainly used in the production of flexible polyurethane foam for furniture, mattresses and car seats.

OPEC Sees Higher 2018 Oil Demand, Points To Easing Glut
Thursday, August 10, 2017 OPEC forecast higher demand for its crude in 2018 due to rising global consumption.

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