A senior official from the National Iranian Oil Company has said that the terminal near Kharg Island in the Gulf would be ready to export the new grade of crude, known as West Kharoon
Search results
Sukuk buy helps Dana Gas offset low oil price blow
Sharjah-based private gas producer records flat Q2 2016 net profit at $7mn, while H1 2016 net profit stands at $13mn
Feature story: Lebanon’s production ambitions
The Levantine country is striving to transition from its position of being an importer of fossil fuels to become a key oil and gas producer, by embarking on an ambitious campaign of exploring its seemingly significant offshore and onshore reserves.
Iran plans to boost gas exports to 200mcm per day
Oil Minister Bijan Namdar Zanganeh has said completing projects pertaining to exports via pipelines to neighbouring countries and the completion of LNG projects are being prioritised
Weak demand urges Aramco to cut oil price for Asia
Saudi Arabia’s move to lower the official selling price is likely to intensify competition with rivals such as Russia and the UAE
OPEC oil output set to reach record high in July
Supply from the Organization of the Petroleum Exporting Countries has risen to 33.41mn bpd in July from a revised 33.31mn bpd in June, Reuters says
ENI awards Drake & Scull $61.5mn contract
Company to provide engineering, procurement and construction services for a water injection network installation project at the Zubair oil field in Basra, Iraq
Determined OPEC regains dominance
Although hopes of an oil production-freeze deal were dashed again at OPEC’s 169th general meeting in Vienna last month, the cartel’s members were enthused by the fact that their strategy of defending market share was yielding results.
OPEC production rises in June led by Nigeria gains
Nigeria pumped an average 1.53mn barrels a day last month, a gain of 90,000 a day from May
Iran, Kurdistan ‘eyeing oil co-operation’: Report
The two sides are planning to build a pipeline that could transfer as much as 250,000 barrels of oil per day from Kurdistan to Iran