Iran, Russia Ink Energy Cooperation MoU
Iran and Russia have signed a memorandum of understanding (MoU) to increase cooperation in the energy sector.
News / International
SABIC, ExxonMobil to Construct Petrochemical Plant in Texas
SABIC and ExxonMobil will jointly construct a petrochemical facility, including a 1.8 million metric ton ethane steam cracker in Texas.
Iraq’s Gulf Keystone Receives Shaikan Crude Payments
Gulf Keystone Petroleum has received $10.7 million for Shaikan crude oil sales.
ADNOC, OCI Discuss Merging Middle East Fertilizer Assets
ADNOC and Dutch chemical producer OCI could soon announce merging their fertilizer businesses in the Middle East.
Total Among Firms to Renew Licenses in Libya
Total and other international oil companies (IOCs) plan to renew their business licenses to continue their operations in Libya.
KOTC’s Vessels Operating Normally
Kuwait Oil Tanker Company (KOTC) announced that its vessels were operating normally after a suspected attack on tankers in the Gulf of Oman.
Saudi Arabia Voices Support for Extending OPEC Cuts
Saudi Arabia believes that the Organization of the Petroleum Exporting Countries (OPEC) should decide to extend the output curbs during its next summit in Vienna, according to Saudi Energy Minister Khalid Al-Falih.
Saudi Arabia Renews Commitment to Aramco’s IPO
Crown Prince of Saudi Arabia Mohammed bin Salman has reiterated the commitment to the initial public offering (IPO) of Armaco between 2020 and the beginning of 2021.
SABIC Gets Nod for ExxonMobil Petrochemical Project
SABIC announced that it has obtained the regulatory approvals to establish a petrochemical project with ExxonMobil in the US Gulf Coast.
Aramco to Reveal H1 Financials in August
Saudi Aramco will hold its first-ever earnings call in August to announce the results of the first half of 2019.
