Iran, Iraq Begin Crude Oil Swap
Iraq has begun deliveries of crude oil from Kirkuk to Iran, while Tehran will export a similar amount to Iraqi ports on its southern border.
News / International
KNPC to Launch $8.3M Equipment Tender
Kuwait National Petroleum Company (KNPC) plans to float a tender worth $8.3 million on June 17 for the purchase of spare turbine and compressor parts for gas operations at the KNPC-owned Ahmadi Refinery.
ADNOC to Reduce Crude Oil Allocations in July
Abu Dhabi National Oil Company (ADNOC) will cut crude oil allocations in July as a part of the OPEC agreement to slow production.
UAE, Russia Sign Strategic Partnership Deal
The UAE and Russia have signed a declaration of strategic partnership during Crown Prince Sheikh Mohamed bin Zayed’s visit to Moscow.
Iran to Install 6 New Rigs at South Pars Field
The Director for Project Planning and Control at Pars Oil and Gas Company (POGC) said on May 31 that sox new oil platforms will be built at Iran’s South Pars Gas Field in the Persian Gulf.
Iraq to Sign 6 Development Contracts
Iraq will sign development contracts on June 2 and 3 for six blocks awarded during the last licensing round.
Saudi-Iranian Tension Expected in OPEC’s June Meeting
Iran has stated that it doesn't support Saudi Arabia’s desire to increase global oil supplies.
Oman Oil to Sell 10% Stake in Khazzan Gas Field
State-run Oman Oil plans to sell a 10% stake in the Khazzan natural gas field amid a restructuring of the company's business model.
Chinese Firm To Invest $2B In Iran Oil Refinery
A Chinese investment firm will spend $2 billion on building an oil refinery in the northern Iranian province of Mazandaran.
Amec Foster Wheeler Wins Saudi Pipeline Contract
Amec Foster Wheeler has been awarded a contract by Sadara Chemical Company for the construction of two gas pipelines at the PlasChem Park, located in Jubail Industrial City in Saudi Arabia.
