Regional News: Middle East

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Iraq's Oil Exports In June Near May Level, Oil Minister Says
Thursday, June 22, 2017 Iraq's oil exports from fields owned by the central government in Baghdad are at around the same level as in May.

Qatar Expats Say Leave Canceled, Travel Restricted After Arab Rift
Thursday, June 22, 2017 Expatriates working in Qatar say their employers had canceled holidays and barred them from leaving the country in the wake of a rift with other Arab powers.

Delek Said to Start Roadshow for $1.1 Billion Gas IPO Next Week
Thursday, June 22, 2017 Delek Group will start a roadshow next week to sell a stake in a $12.3 billion natural gas field off Israel's shores, according to a source.

Delek To List New Unit That Will Take Over Part Of Tamar Stake
Thursday, June 22, 2017 Israeli oil company Delek Drilling sets up a company that will take over a 9.25% stake in the Tamar natural gas field.

Kemp: Saudi Arabia Eases Austerity Just As Oil Prices Decline
Wednesday, June 21, 2017 Saudi Arabia's decision to reverse some of last year's austerity measures coincides with a renewed decline in oil prices and complicates the financial and economic outlook.


Italy's Eni, Iran Sign Agreement For Oil And Gas Field Studies
Tuesday, June 20, 2017 Eni and National Iranian Oil Company (NIOC) sign a memorandum of understanding for feasibility studies on the development of an oil field and a gas field.

Libya's Oil Output Rises To 885,000 Bpd Following Wintershall Deal
Monday, June 19, 2017 Libya's oil production has risen by over 50,000 barrels per day (bpd) to 885,000 bpd after the state oil firm settled a dispute with Germany's Wintershall.

Saudi Navy Seizes Boat With Weapons Near Offshore Oilfield
Monday, June 19, 2017 The Saudi navy seizes a boat carrying weapons as it approached the kingdom's offshore Marjan oilfield in the Gulf.

Qatar Crisis Spills Into Libya, Entangling Glencore Over Oil
Thursday, June 15, 2017 The Qatar crisis is reverberating in Libya, inflaming political divisions in the war-torn oil exporter and dragging commodity-trading giant Glencore into a dispute over crude sales.

Dana Gas's Sukuk Holders Say Firm's Offer 'Repudiation' Of English Law
Thursday, June 15, 2017 An ad hoc committee representing holders of $700 million of sukuk issued by Dana Gas says the company's decision to halt payments on the Islamic bonds is a 'repudiation' of English law.

India's Oil Imports From Iran Plunge Over Gas Field Row
Thursday, June 15, 2017 India's oil imports from Iran have fallen to their lowest since June 2016.

WoodMac: Iraq's 2017 Target for Oil Expansion Within Reach
Thursday, June 15, 2017 Iraq's ambition to boost oil-output capacity to a record is "not unrealistic" as the country prepares for the end of OPEC-mandated supply limits, consultants Wood Mackenzie say.

Iraq Is New Oil King, Beats Saudis in Fastest Growing Market
Wednesday, June 14, 2017 Iraq is gaining the edge over Saudi Arabia in the world's fastest-growing oil consumer amid an intensifying race among producers to retain their most-prized markets.

Abu Dhabi's Dana Gas Gets Injunction Blocking Claims On $700 MM Sukuk
Wednesday, June 14, 2017 Dana Gas obtains an injunction in a United Arab Emirates court blocking claims for payments on its $700 million of outstanding sukuk.

Abu Dhabi's Dana Gas Seeks Restructuring Of 'Unlawful' $700 MM Sukuk
Tuesday, June 13, 2017 Abu Dhabi's Dana Gas said it would propose restructuring $700 million of outstanding Islamic bonds to a committee of holders of the sukuk, which it said was not sharia-compliant.

Op-Ed: $1 Trillion on the Line, and Saudi Aramco IPO Riddled with Risk
Tuesday, June 13, 2017 One trillion dollars, one trillion problems: Saudi Aramco weighs which exchange is worth the gamble for its IPO.

Statement: Qatar Petroleum, Shell Sign LNG Bunkering Agreement
Tuesday, June 13, 2017 Qatar Petroleum and Shell signed a framework agreement to develop global LNG bunkering facilities.

Petrofac Secures 5-Year Training Services Deal with KOC
Tuesday, June 13, 2017 Petrofac agrees a 5-year deal with Kuwait Oil Company (KOC) for the provision of specialist technical training and competency development services.

Israel's Navitas Petroleum Plans Tel Aviv IPO
Tuesday, June 13, 2017 Israel's Navitas Petroleum plans to raise $130 million in bonds and carry out an initial public offering (IPO) on the Tel Aviv Stock Exchange.

Crude Oil, Fuel Shipping Costs From Qatar Set To Rise On Port Ban
Monday, June 12, 2017 The costs to ship fuel and crude oil from Qatar are expected to rise after the UAE banned vessels that previously called at Qatar from docking at UAE ports, sources say.

Strike Ends At Israeli Oil Refinery Paz
Monday, June 12, 2017 Workers at Israel's Paz Oil end their strike that had shut down the refinery in the city of Ashdod after labour and management agreed in principle to a new collective labour contract.

Libya's Sharara Oil Field Reopens After Strike
Friday, June 09, 2017 Libya's major Sharara oil field has reopened after a workers' protest.

Qatari LNG Diversions Shock EU Traders as Crisis Intensifies
Friday, June 09, 2017 European energy markets started to feel the impact of the escalating diplomatic row in the Middle East after natural gas prices soared when tankers full of Qatari fuel abruptly changed course.

Iraq Seeks to Triple Refining Capacity With Slew of Projects
Friday, June 09, 2017 Iraq plans to triple refining capacity by 2021 to shake off its reliance on refined-product imports.

UAE Needs Qatari Natural Gas to Keep Dubai's Lights On
Thursday, June 08, 2017 When it comes to natural gas shipments, the United Arab Emirates needs Qatar more than Qatar needs the UAE.

Qatar Gulf Row Roils LNG Market, Shell Tanker Diverted
Thursday, June 08, 2017 The escalating diplomatic conflict between Qatar and several of its Middle East neighbors has roiled the liquefied natural gas trade.

Egypt Reduces Arrears Owed To Foreign Oil Companies To $2.3 Billion
Thursday, June 08, 2017 Egypt reduces arrears owed to foreign oil companies to $2.3 billion, the Egyptian oil ministry says.

ExxonMobil Says Qatar LNG Not Affected By Arab States Tension
Wednesday, June 07, 2017 ExxonMobil says that production and exports of liquefied natural gas from Qatar have not been affected by rising diplomatic tensions in the Middle East.

Abu Dhabi Port Eases Restrictions On Oil Tankers Going To And From Qatar
Wednesday, June 07, 2017 Abu Dhabi port authorities have eased restrictions on oil tankers going to and from Qatar, according to industry sources and shipping circulars seen by Reuters.

Trafigura Says No Impact On Gas Trading So Far From Gulf Crisis
Wednesday, June 07, 2017 A political dispute between Qatar and several Middle Eastern countries including Saudi Arabia has had no impact so far on Qatari gas exports.

Port Bans Choke Qatar's Commodity Trade As Gas Supply Worries Grow
Tuesday, June 06, 2017 A campaign by leading Arab powers to isolate Qatar is disrupting trade in commodities from crude oil to metals and food, and deepening fears of a possible jolt to the global gas market.

Genel Says Taq Taq Field Output Fall Is Slowing
Tuesday, June 06, 2017 Genel Energy's main Taq Taq oil field in Iraqi Kurdistan has seen falling output in 2017 but the rate of decline has slowed recently.

Maersk Says No Longer Able To Ship Qatar Bound Cargo
Tuesday, June 06, 2017 Maersk can no longer transport goods in or out of Qatar after Arab countries imposed restrictions on trade with the tiny Gulf state, the company says.

Saudi Dispute With Qatar Has 22-Year History Rooted in Gas
Tuesday, June 06, 2017 Saudi Arabia's isolation of Qatar has been brewing since 1995, and the dispute's long past and likely lingering future are best explained by natural gas.

Russell: Saudi Arabia's Oil Price Hike To Asia May Be Self-Harming
Monday, June 05, 2017 Saudi Arabia's dilemma is shown quite neatly by its decision to raise crude oil prices for Asian refiners even though the kingdom is steadily surrendering market share in China.

Oil Falls 1% On Fears Mideast Rift Could Harm OPEC Cuts
Monday, June 05, 2017 Oil prices fell nearly 1% on concerns that the cutting of ties with Qatar by top crude exporter Saudi Arabia and other Arab states could hamper a global deal.

Qatar's Dispute With Arab States Puts LNG Market On Edge
Monday, June 05, 2017 Saudi Arabia and key allies on Monday cut ties with Qatar, the world's top seller of LNG.

Directorate Changes at Genel Energy
Monday, June 05, 2017 Genel Energy plc reveals that Nathaniel Rothschild and Simon Lockett have resigned from the board.

Dana Gas Appoints Advisers For $700 MM Sukuk Restructuring
Sunday, June 04, 2017 Dana Gas appoints Houlihan Lokey as financial adviser and Squire Patton Boggs as legal adviser for the restructuring of its $700 million sukuk maturing in October.

RWE Confirms Delivery Of First LNG From Qatargas Under Mid-Term Deal
Friday, June 02, 2017 RWE said it had received its first cargo of LNG from Qatargas late last month under a seven and a half year deal signed in 2016.

Rosneft Expands In Iraq's Kurdistan With Exploration, Pipeline Deals
Friday, June 02, 2017 Russian oil major Rosneft agrees to explore and develop 5 fields in Iraq's Kurdistan.

Amec Foster Wheeler Wins 'Major' Contract with Saudi Aramco
Thursday, June 01, 2017 Oilfield services firm Amec Foster Wheeler wins 'major' contract with Saudi Aramco.

Dana Gas Continues Climb On Kurdistan Hopes, DAMAC Drops Back
Thursday, June 01, 2017 Most stock markets in the Gulf rose in early trade on Thursday, with Abu Dhabi's Dana Gas still buoyed by hopes for payments from the Kurdistan Regional Government.

Report: Technical, Political, Security Factors Subdue Iraq Output Growth
Wednesday, May 31, 2017 Why has Iraq's oil production growth under-performed?

Oil Tanker Attacked In Key Shipping Lane Off Yemen
Wednesday, May 31, 2017 Unknown assailants attacked an oil tanker in a strategic Red Sea waterway near Yemen in the latest flare-up.

Saudi Aramco Signs Deals To Build Gulf's Biggest Shipyard
Wednesday, May 31, 2017 Saudi Aramco plans to build the Gulf's largest shipyard through a joint venture with 3 companies.

Qatar Petroleum Will Study Raising Production Capacity Of Its LNG Trains
Wednesday, May 31, 2017 Qatar Petroleum is considering whether to raise the production capacity of its liquefied natural gas trains.

OPEC, Non-OPEC Committed To Cutting Inventories To 5-Year Average
Wednesday, May 31, 2017 OPEC and non-OPEC countries are committed to bringing global oil inventories down to the industry's 5-year average.

Oman Oil Mandates Banks For Revolving Credit Facility
Tuesday, May 30, 2017 Oman Oil Co mandates a group of regional and international banks to arrange a $1.2 billion revolving credit facility.

Total CEO Says OPEC Cut Decision Gives Visibility Until At Least 2018
Friday, May 26, 2017 The decision by oil producing countries to extend the production cut agreement by 9 months gives the market much needed visibility until at least 2018.

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