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Iraq Boosts Output Capacity At Kirkuk Oil Refinery-Oil Ministry
Monday, December 11, 2017 Iraq's Oil Ministry has added a new processing unit to the Kirkuk oil refinery, increasing the plant's capacity to 56,000 barrels per day.
UAE's ADNOC Proposes Change To Oil Price Mechanism
Monday, December 11, 2017 ADNOC seeks feedback from Asian buyers on whether it should change its monthly pricing mechanism.
CB&I Wins Contract for Saudi Aramco-Shell Project
Thursday, December 07, 2017 Contract valued at more than $95 million, CB&I reports.
Adnoc Unit IPO to Raise $902 Million After Narrowing Range
Wednesday, December 06, 2017 Abu Dhabi National Oil Co. plans to raise as much as $902 million from the IPO of its fuel-retailing unit.
TechnipFMC-Led Consortium To Expand Bahrain Refinery
Friday, December 01, 2017 Bapco has awarded a consortium led by UK-based TechnipFMC a contract to expand Bahrain's only oil refinery.
Israel's Oil Refineries Names Yashar Ben Mordechai As CEO
Wednesday, November 29, 2017 Israel's Oil Refineries (ORL), the country's largest refining and petrochemicals group, appoints Yashar Ben Mordechai as its new chief executive.
CEO: SABIC Plans To Spend $3-$10B In Acquisitions Over Next 5 Years
Tuesday, November 28, 2017 Petrochemical producer Saudi Basic Industries Corp (SABIC) plans to spend between $3 and $10 billion on acquisitions over the next 5 years.
Qatari Energy Minister Sees Oversupply Of LNG In Coming Years
Wednesday, November 22, 2017 Qatar's energy minister says he expects oversupply of liquefied natural gas in the coming years.
ADNOC Pushes Ahead With IPO After Emaar Sale
Monday, November 20, 2017 Abu Dhabi National Oil Co. plans to sell as much as 20% of its fuel-distribution unit.
Turkish, Iraqi Officials Discuss Resuming Kirkuk Oil Exports
Thursday, November 16, 2017 A Turkish energy delegation has met with Iraqi top oil officials in Baghdad to discuss issues including the resumption of Kirkuk oil exports.
Sources: China's Zhenhua Oil Wins First Diesel Tender With Iraq's SOMO
Thursday, November 16, 2017 Zhenhua Oil will supply diesel to Iraqi state-oil marketer SOMO through a term contract for the first time.
Oil Seen As Real Prize of Iran's Kurdish Adventure
Tuesday, November 14, 2017 After helping Iraq stifle a Kurdish push for independence, Iran is now positioning itself to take control of oil exports from the region's giant Kirkuk field.
Sources: Oman's Duqm Refinery To Seek $6B Bank Funding Soon
Monday, November 13, 2017 Oman's Duqm Refinery and Petrochemical Industries Co will approach banks in about two weeks.
As Saudi Arabia Limits US Crude Shipments, Iraq Steps In
Monday, November 13, 2017 Saudi Arabia's efforts to reduce a worldwide crude supply glut by cutting shipments to the United States means others are now filling in.
RIA: Moscow, Riyadh Agree To Explore Aramco Taking Part In Novatek Project
Monday, November 13, 2017 Russia and Saudi Arabia have agreed to study the possibility of Saudi Aramco taking part in Novatek's Arctic LNG 2 project.
Blast Causes Fire In Oil Pipeline In Bahrain, Says Ministry
Friday, November 10, 2017 An explosion caused a fire in an oil pipeline in Bahrain, the Interior Ministry said.
OPEC Sees Oil Use Peak in Late 2030s If Electric Cars Boom
Tuesday, November 07, 2017 A larger-than-expected boom in electric vehicle sales could cause global oil demand to peak and flatten out in the late 2030s, OPEC says.
Saudi Aramco to Push Back Shutdown at Ras Tanura Refinery
Monday, November 06, 2017 Ras Tanura is Saudi Arabia's largest oil refinery with a capacity of 550,000 barrels per day.
State Firm: Iraq Wants Control Of Kurdish Region's Oil Exports
Thursday, November 02, 2017 Iraq wants the Kurdistan region to stop independent crude exports and to hand over sales operations to state-oil marketer SOMO, the company's director says.
Fire At Tehran Oil Refinery Kills Six
Friday, October 27, 2017 A fire at an Iranian oil refinery in Tehran's Shar-e Rey district killed six workers and injured two others.
Why Oil-Rich Gulf Arab Countries Are Turning to Renewables
Thursday, October 26, 2017 Solar power is getting so cheap that even Gulf Arab states awash in crude oil are embracing the renewable resource.
Iraq Adds Oil-Export Facility to Offset Output Drop in Kurd Feud
Monday, October 23, 2017 Iraq began using a new offshore crude-exporting facility to help boost shipments by sea.
Iraq's Oil Exports via Turkey Dwindle as Kirkuk Fields Stay Shut
Thursday, October 19, 2017 Crude exports from northern Iraq fell again, and output remained curtailed in the nation's disputed Kirkuk province.
Iraq's Pipeline Exports Slump After Clash With Kurds at Kirkuk
Wednesday, October 18, 2017 Oil exports from northern Iraq dropped by more than half as production in the country's disputed Kirkuk province slumped for a second day.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Neverland Tanker With Disputed Kurdish Oil Reappears Off Malta
Friday, July 21, 2017 The Neverland tanker has reappeared off the coast of Malta after going off radar near Canada on June 30.
Qatar Seeks To Open New LNG Markets With Floating Terminals
Wednesday, July 19, 2017 Qatar Gas Transport Company and Norwegian shipping business Hoegh LNG have embarked on a joint project to open new markets for Qatar.
Kuwait to Boost Oil-Output Capacity From 2030, Plans Refineries
Thursday, July 13, 2017 Kuwait plans to raise oil-production capacity to as much as 4.75 million barrels a day after 2030.