Saudi Crude Exports Fall in March
Saudi crude exports fell to 7.122 million barrels per day (mb/d) in March 2018 from 7.251 mb/d in February.
News / International
Oil Reaches $80 for First Time since November 2014
Oil prices reached $80 a barrel on May 17, driven by concerns over falling supplies due to renewed US sanctions on Iran.
UAE: More Pressing OPEC Issues than Iran
The Organization of Petroleum Exporting Countries (OPEC) has more important issues to consider than the US decision to withdraw from the 2015 nuclear agreement with Iran, United Arab Emirates Energy Minister Suhail Mohamed al-Mazrouei stated.
Saudi Aramco, Petronas Launch Malaysia Downstream Venture
Saudi Aramco and Malaysian national oil company Petronas have launched their joint ventures in refining and petrochemicals located in Malaysia and under the name “PRefChem”.
Libya’s Bahr al-Salam Gas Field Resumes Operations after Maintenance
Libya’s offshore Bahr al-Salam gas field has resumed production at 380 million cubic feet per day after completing upgrades and maintenance.
Qatar Petroleum Launches Bidding for New Petrochemicals Complex
Qatar Petroleum (QP) has invited companies to bid for development and operation contracts for a new petrochemicals complex at Ras Laffan Industrial City.
ADNOC, Cepsa Agree Deal for Ruwais LAB Facility
Abu Dhabi National Oil Company (ADNOC) and Spain’s Cepsa have signed a project development agreement for a new linear alkylbenzene (LAB) facility in Abu Dhabi’s Ruwais refining and petrochemicals complex.
Oman Signs MoUs with Shell, Total
Oman has signed agreements with Shell and Total to develop its natural gas fields.
Oman Signs Gas Deal with Bangladesh
Oman Trading International Limited (OTI) has agreed a ten-year deal with state-run Bangladeshi oil company Petrobangla for the supply of liquefied natural gas (LNG) to Bangladesh.
Sonatrach Expands its Petrochemical Ventures
Algerian state-run energy company Sonatrach is making acquisitions to increase its petrochemicals business with the view of reducing the north African country's fuel imports and boosting revenue.
