Saudi Arabia’s oil production dropped by 660,000 barrels per day (b/d) in September, compared to August, reaching around 9.13 million b/d after an attack on its energy installation.
Libya’s Ras Lanuf Oil and Gas Processing Company (RASCO) has restarted production from its polyethylene factory, which had been shut in 2013.
Sources said on October 10, 2019, that at least seven refiners across Asia will receive the full Saudi crude volumes they have requested for November loading, a sign the top oil exporter's production has stabilized after the September attack, citing Zawya.
The UAE’s Brooge Petroleum and Gas Investment Co (BPGIC) announced in a statement published on Zawya on October 10, 2019, that it plans to boost the crude oil storage capacity and expand refining facilities after managing to lease additional land in the bunkering hub of Fujairah.
The attacks on Saudi Aramco’s installations will have no effect on its listing plans in the stock market, according to Amin Nasser, Aramco’s CEO.
The Abu Dhabi National Oil Company (ADNOC) is increasing its partnerships and investments in light of its new balanced smart growth strategy that aims to drive production and meet the world’s growing energy demand.
The Central Bank of Libya announced on Wednesday that the state’s revenues from oil stood at 22.7 billion Libyan dinars ($16.09 billion) from January till September 2019, citing Reuters.
The Saudi Oil Minister, Prince Abdulaziz bin Salman, discussed with the Minister of Economic Development of the Russian Federation, energy cooperation to stabilize the global energy market.
Qatar plans to select only one contractor to be responsible for building four new liquefied natural gas (LNG) trains or plants, according to Qatar Energy Minister Saad El-Kaabi.
Aramco Trading Company (ATC), an affiliate of Saudi Aramco, purchased 70,000 tonnes of naphtha from Indian Oil Corporation on October 4, 2019 at unprecedented premiums since 2013.
