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Iraq plans Kirkuk-Ceyhan crude pipeline

Iraq has started planning the construction of a new pipeline to transport crude oil from the Kirkuk fields to Turkey’s port of Ceyhan, the oil ministry said.

Omani crude exports to fall by 50,000 bpd in 2017

ORPIC's Sohar Refinery upgrade project, which is due to be completed in the first quarter of 2017, is expected to reduce the amount of crude oil Oman has available for export by around 50,000 bpd.

Iranian crude exports to India hit 5 year high

July marked the second time in the last six months that India had imported more than 500,000 bpd of Iranian crude. According to a report Indian imports of Iranian oil have increased by 48 per cent in the first four months of this fiscal year, to…

Saudi Aramco 2016 crude production hits record high, reserves ease

Saudi Aramco announced record crude oil production during 2016, while stating that its hydrocarbon reserves eased slightly from a year ago.

ADNOC to cut January crude supplies to Asia as part of OPEC deal

Abu Dhabi National Oil Company (ADNOC) on Tuesday said it would cut crude supplies by 3-5 percent across its three export grades to meet commitments under an OPEC deal to curb production, according to Reuters.

Libya's NOC reviews crude loading plans after clashes near oil ports

Libya's National Oil Corporation (NOC) held an urgent meeting to review crude loading schedules and emergency measures to protect oil facilities after clashes around the major terminals of Es Sider and Ras Lanuf, it said in a statement on Saturday.

Iraq, Lukoil's trading arm to form crude marketing JV

Iraq's state-oil marketer SOMO and the trading arm of Russia's Lukoil have agreed to form a joint crude marketing venture, the Iraqi Oil Ministry website reported.

Kurdistan independence vote threatens crude supply

Iran has banned the transportation of refined crude oil products by Iranian companies to and from Iraq’s Kurdistan region, adding to Turkey’s threat of cutting off a pipeline from the region following a vote for independence.

Saudi Aramco agrees with SABIC to develop $20 bln crude to chemicals complex

Saudi Aramco has signed a preliminary agreement with SABIC to start work on developing a fully integrated crude oil to chemicals (COTC) complex in Saudi Arabia.

Iran doubles crude and condensate exports to Japan

Iran exported 308,000 barrels of crude oil and gas condensate to Japan per day in the first half of 2016, a 195.8 per cent increase on last year’s figures.