Iran Reduces Fuel Imports as New Refinery Opens
Iranian imports of refined fuels have sharply reduced since a new refinery began its operations, trade sources have said.
News / International
CNCP Buys Stakes in Abu Dhabi Concessions for $1.18B
China National Petroleum Corporation has bought two stakes in Abu Dhabi's offshore fields worth $1.18 billion from the Abu Dhabi National Oil Company.
APICORP Forecasts $950B in MENA Energy Investments
The Arab Petroleum Investments Corporation has predicted that almost $950 billion will be invested into MENA energy projects over the next five years.
Saudi Oil Shipments to US Down 14% in 2017
American imports of Saudi crude oil dropped to 943 b/d in 2017, a 14% decrease from 2016, according to US government statistics.
Petrofac Awarded $580 M Contract with GCC National Oil Company
UAE-based Petrofac announced the signing of a binding letter of intent for an engineering, procurement, and construction contract with a Gulf Cooperation Council (GCC) national oil company worth $580 million.
South Yemen Oil Production May Resume in April
Austrian oil company OMV has signaled that oil production could resume in south Yemen in April 2018.
Qatar Petroleum Awards Design Contract to Japanese Firm
Qatar Petroleum has awarded the front-end engineering and design contract for its North Field Expansion to Japanese Chiyoda Corporation.
Saudi Arabia Offsets OPEC Cuts with Record Fuel Exports
Saudi Arabia exported a record amount of gasoline and diesel in January 2018, helping the kingdom to offset the crude production cuts mandated by OPEC.
Iraqi Oil Exports Fall to 96 M Barrels
Iraq exported around 96 million barrels of oil in February 2018, generating revenues of $5.726 billion, the oil ministry has announced.
NIOC Signs $2.4 B Oil Deal with Iranian Firm
The deal aims to produce a maximum of 110,000 b/d with a total output of 512 million barrels from the two fields after 20 years.
