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