Regional News: Middle East

 
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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.

  


Leviathan Partners in Talks to Pipe Gas to Egypt Via Jordan
Thursday, August 10, 2017 Companies developing Israel's largest natural gas reservoir are negotiating an alternative delivery route to key target market Egypt to skirt financial disputes.

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.

OPEC Expects Laggards To Comply More Fully With Oil Cut Pact
Tuesday, August 08, 2017 OPEC expects greater adherence to its pact with non-OPEC producers to cut oil output after two days of meetings in Abu Dhabi aimed at boosting compliance with the accord.

UAE's ADNOC To Split Huge Oil Concession, In Talks With Potential Partners
Monday, August 07, 2017 Abu Dhabi National Oil Co (ADNOC) says it will split its ADMA-OPCO offshore oil concession into two or more areas.c

Petrofac JV Awarded $2B Refinery Contract In Oman
Friday, August 04, 2017 Petrofac says Oman's Duqm Refinery and Petrochemical Industries awarded a $2 billion contract to the British oilfield services company's 50:50 joint venture with Samsung Engineering.

OPEC Supply-Cut Compliance Runs Up Against Ire Over Country Targets
Thursday, August 03, 2017 OPEC has delivered record-high adherence to its oil output-cutting pact so far in 2017.

Iraq's Kirkuk Province Spurns Plan to Ship Its Oil to Iran
Thursday, August 03, 2017 Kirkuk refuses to cooperate with any plans to ship its oil to neighboring Iran because the central government didn't consult with it on the matter, Kirkuk provincial officials said.

Saudi Oil Minister Is Said to Have Met Top Commodity Hedge Funds
Thursday, August 03, 2017 Khalid Al-Falih, Saudi Arabia's energy minister, met in private with some of the world's top commodity hedge funds in July.

Traders: ADNOC Finalizes July 2017 To June 2018 Diesel Term Contract
Tuesday, August 01, 2017 Abu Dhabi National Oil Company has finalized its July 2017 to June 2018 diesel term contract at a higher premium than an earlier contract it signed, traders say.

Fars News Agency: Maersk Sees Up To 140,000 Bpd Potential For Iran Field
Tuesday, August 01, 2017 Maersk Oil has estimated potential output for the second phase of Iran's South Pars oil deposit at 120,000-140,000 barrels of oil per day, Fars News Agency reports.

Saudis Said to Weigh Oil-Price Linked Tax for Aramco Before IPO
Monday, July 31, 2017 Saudi Arabia is considering a flexible tax system for state-owned oil company Aramco that would increase royalty payments when crude prices rise, according to people familiar.

OPEC Oil Output Jumps To 2017 High On Further Libya Recovery
Monday, July 31, 2017 OPEC oil output has risen this month by 90,000 barrels per day to a 2017 high, a Reuters survey finds.

Nikkei: ADNOC To Decide On Japan Oil Concession Renewal By Early Next Year
Friday, July 28, 2017 ADNOC expects to make a final decision on whether to renew Japanese firms' oil concessions in Abu Dhabi oilfields before year-end or very early next year.

UN: Saudi-Led Coalition Stops Oil Tankers From Entering Yemen
Thursday, July 27, 2017 A Saudi-led military coalition and the government of Yemen denied four oil tankers access to a Yemeni port last week.

Saudi Aramco To Complete Phase 1 Of Expanded Gas Pipeline By Year End
Wednesday, July 26, 2017 Saudi Aramco will complete the first phase of an expansion of the main gas pipeline across Saudi Arabia by the end of this year.

Sources: UAE Buys First US Oil Cargo To Replace Qatar Condensate
Wednesday, July 26, 2017 The United Arab Emirates will import the country's first oil cargo from the United States, two sources familiar with the matter say.

UAE Pledges Further Oil Output Cuts Starting in September
Tuesday, July 25, 2017 The United Arab Emirates reiterated its commitment to the OPEC agreement on production cuts and said it would deepen its own curbs.

OPEC Moves To Cap Nigerian Oil Output, Boost Compliance
Monday, July 24, 2017 OPEC moved to cap Nigerian oil output and called on several members to boost compliance with production cuts.