Saudi Arabia to Sell 600,000 bbl/d of Crude to US
Saudi Arabia determined 600,000 barrels of its crude oil to be sold to USA daily in April 2020 to be the highest amount during a year.
News / International
Saudi Aramco to Provide 8.5 mmbbl/d of Crude Oil
Saudi Aramco company announced that it will provide its customers with 8.5 million barrel per day (mbl/d) of crude oil starting from May 2020 .
Qatar Petroleum Sells Three Cargoes of Al Shaheen Crude
Qatar Petroleum has announced that it sold another three cargoes of al Shaheen crude at a cost of 80 -95 cents per barrel by posting a tender above Dubai quotes.
ADNOC Terminates $1.65 B Petrofac Project
Petrofac Ltd has announced that its Petrofac Emirates joint venture with Abu Dhabi National Oil Company (ADNOC) for the Dalma Gas Development Project has been terminated.
South Pars Drilling Project to be Taken Over by Iranian Company
The oil minister, Bijan Namdar Zanganeh, said an Iranian drilling company is set to take over from French company Total and China National Petroleum Corporation (CNPC) for phase 11 of the country’s South Pars project.
KOTC Adds New Oil Tanker to its Fleet
Kuwait Oil Tanker Company (KOTC) has added the crude oil tanker “Al-Yamamah” to its repertoire of ships.
Qatar to Start Development Drilling in the North Field Expansion Project
Qatar Petroleum will start a development drilling campaign for the North Field Expansion Project (NFEP).
Iran’s Gas Storage Up 33% Year on Year
Iran’s Sarajeh and Shourijeh underground gas storage has increased by 33% year on year.
Kurdistan to be Included in Iraq’s Oil Production Cuts
Iraq’s oil minister, Thamer al-Ghadhban, announced that the Kurdistan region is included in the 1 million barrels per day (mmbbl/d) cut of oil production.
Libya Records $4 Billion Losses of Oil Revenue Since January
A blockade of oil and gas facilities in Libya has resulted in severe financial losses totalling $4,087,913,653 since mid January.
