Turkey Vows to Keep Buying Iranian Oil Despite US Sanctions
Turkey has rejected US pleas to curtail crude imports from Iran, telling US officials that it is under no obligation to implement Washington's sanctions regime against Tehran.
News / International
Saudi Arabia Halts Red Sea Shipments After Houthi Attack
Saudi Arabia is “temporarily halting” all oil shipments through the Red Sea due to an attack on two oil tankers by Yemen's Houthi movement.
Borouge Awards EPC Contract for UAE Ruwais Refinery
Borouge has awarded an engineering, procurement and construction (EPC) contract to a unit of Italy's Maire Tecnimont for a fifth polypropylene plant in the Ruwais petrochemicals complex.
Kuwait to Buy UK Pipeline Firm for $1.7B
Wren House, the UK investment arm of Kuwait’s sovereign wealth fund (KIA), has agreed to purchase the pipeline firm North Sea Midstream Partners (NSMP) from ArcLight Capital for roughly $1.7 billion.
Kuwait’s Donated Oil Shipment Arrives in Iraq
An oil tanker containing supplies of gas oil donated by the Kuwaiti government arrived in the Iraqi port of Basra on July 23.
Iran Becomes India’s Second Highest Oil Supplier
Iran overtook Saudi Arabia to become the second biggest oil supplier to Indian state refineries between April and June 2018.
Saudi Crude Exports to Drop by 100,000 b/d in August
Saudi Arabian crude exports are expected to drop by roughly 100,000 barrels per day (b/d) in August as the country refrains from oversuppling the market, the kingdom's OPEC governor stated on July 19.
ADNOC Contracts CNCP in $1.6B Seismic Survey Deal
Abu Dhabi National Oil Company has awarded contracts worth $1.6 billion to China National Petroleum Company (CNPC) affiliate, BGC Inc., for the world’s largest onshore and offshore 3D seismic survey.
China Reveals $20B Loan Package for MENA Countries
Chinese President Xi Jinping on Tuesday pledged $20 billion in loans, and about $106 million in financial aid, to Middle East nations.
Saudi Arabia Looks to Increase Asian Crude Exports
Saudi Arabia is looking to increase its oil exports to Asia, according to anonymous sources.
