GCC Countries Cooperating to Stabilize Oil Market
Arabian Gulf countries are working to strengthen their coordination in supplying crude oil to global markets, especially amidst increased regional tensions.
News / International
Saudi Arabia to Raise Oil Shipments to India
Saudi Arabia may recover part of its previous market share on the Indian market, especially after the US sanctions on Iran.
Moro to Lead ENOC’s Digital Transformation
Emirates National Oil Company (ENOC) has signed an agreement with Moro, the Dubai government owned digital data hub, to lead the company’s digital transformation journey.
OPEC Nears Output Cut Extension
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, led by Russia, may continue the production cut agreement as the market is still oversupplied.
Iraq Prepares for Halting Iranian Gas Imports
Iraq has its contingency plans to be able to absorb any stoppage in importing Iranian gas for its power grid with hopes that no such disruptions will take place, according to Iraqi Oil Minister Thamer Ghadhban.
Aramco Resumes Pipeline Oil Pumping After Drone Attack
Saudi Aramco has resumed oil pumping via its East-West pipeline after being temporarily closed because of drone attacks.
Eni, Sonatrach Extend Gas Supply Contract
Italy’s Eni and Algeria’s Sonatrach have signed agreements to renew the deal supplying Algerian natural gas to Italy until 2027.
Kuwait Announces Potential Bidders for Gas Project
Kuwait Oil Company (KOC) has pre-qualified 17 international companies to bid for a project to increase natural gas production in its northern fields.
Japan’s Idemitsu Kosan Mulls Replacement for Iranian Oil
The Japanese oil refining company expects to deal with alternatives for Iranian crude oil supply due to the US sanctions.
Oman LNG Awards FEED Contract to KBR
KBR has been awarded a Front- End Engineering Design (FEED) contract by Oman LNG for their facility’s debottlenecking at Sur in Oman.
