Saudi Aramco, Bahrain Agrees to Boost Oil Output
Saudi Aramco and Bahrain plan to conduct a feasibility study on boosting oil output, benefiting from Aramco’s produced carbon dioxide.
News / International
Aramco, Total, Daelim to Build Polyisobutylene Facility
Saudi Aramco and Total signed a Memorandum of Understanding (MoU) with Daelim, South-Korean petrochemical company, on January 31 to build Polyisobutylene facility.
UAE to Reduce Fuel Prices in February 2019
The UAE fuel price committee announced on January 30 reduced fuel retail prices in February 2019, which is the forth consecutive decline.
Kuwait Petroleum Seeks LNG Cargo to Deliver in February
Kuwait Petroleum corporation (KPC) is seeking a 3.2 to 3.4 trillion British thermal unit (TBtu) to be delivered between February 26 to 27.
Iraq Witnesses a Decline in Oil Exports in January 2019
Iraq’s oil exports averaged at 3.649 million barrels per day (b/d) during January 2019, down from 3.726 million b/d in December 2018.
OPEC Oil Output Decreases in January 2019
The Organization of the Petroleum Exporting Countries (OPEC) has reduced its oil production in January 2019 by 890,000 barrels per day (b/d).
Iraq to Drill 40 Wells in Majnoon Oilfield
Iraq's Basra Oil Company and Iraq Drilling Company inked an agreement to drill 40 wells at the Majnoon oil field, according to the Iraqi Oil Ministry Thamer Ghadhban.
Qatar, ExxonMobil to Proceed with LNG Facility Expansion
Qatar Petroleum and ExxonMobil plan to proceed with a $10 billion project to expand a LNG facility in Texas.
ADNOC Awards Onshore Block 3 to Occidental Petroleum
Under the agreement, Occidental will own 100% of the block in the exploration phase and invest around $244 million, meanwhile ADNOC will be able to hold 60% stake in the production phase of the concession.
Iraq, Jordan Agree on Trading Oil and Other Goods
Iraq is going to sell 10,000 barrels per day (b/d) of oil from its Kirkuk oilfields to Jordan at a special price and Iraqi goods imported through Aqaba port will have preferential tariffs.
