Oil stockpiles of Fujairah recorded a four-week slide while the rebound of heavy distillates making up for a string of declines in middle distillates and a drop in light distillates for the lowest in six weeks.

The Libyan National Oil Corporation (NOC) announced the signature of contract to establish two water harvesting tanks in the cities of Rajban and Jado.

Saudi Arabia, which is the largest oil exporter in the world, keep its ranking as the first oil supplier for China during 2020, beating Russia .

The Indian Oil Corporation Limited (IndianOil) has signed a Memorandum of Understanding (MoU) with North Delhi Municipal Corporation (NDMC) for development of integrated waste-to energy facilities at Ranikhera in Narela of New Delhi.

Russian Novatek company announced that its joint venture with Gazprombank, Cryogas-Vysotsk has produced the first one million tons of liquified natural gas (LNG) since the launch of the project in 2019.

Pars Oil and Gas Company (POGC) announced that it has started to settle the first offshore pipeline in the Jaask oil terminal project due to the appropriate weather conditions.

The companies of Aramco and stc announced the launch of a new supercomputer under the name of Dammam 7 which is one of the top ten most powerful computers in the world

The Indian oil imports has recorded the highest level in nearly three years, reaching more than 5 million barrels per day (b/d), as its refiners raised the production following the increase of the demand.

Taas-Yuryakh Neftegazodobycha, which is affiliated to Roseneft Company, has announced a new discovery of large gas and condensate field in Yakutia, after conducting appraisal drilling on the license area of Nizhnedzherbinsky.

Iran announced that the 25th edition of the International Exhibition of Oil, Gas, Refining and Petrochemicals will be launched for four days during the period from January 22 till January 25.