Libyan Oil Ports Close After Armed Clashes
Armed clashes have halted oil loadings at Libya’s Es Sider and Ras Lanuf oil ports, and at least one storage tank at Ras Lanuf was set alight.
News / International
Saudi Aramco Executive Details Downstream Plan
Saudi Aramco is looking to expand its investments in refining and petrochemicals to secure new markets for its crude, and has identified growth in chemical industries as strategic in combating the risk of a slowdown in oil demand.
Iraq to Increase Nasiriya Output to 100,000 b/d
Production at Iraq’s Nasiriya oilfield will be expanded to 100,000 barrels per day (b/d) following a government vote.
UAE, SNC-Lavalin Agree Refinery Contract
Canadian firm SNC-Lavalin has won a contract for with Dubai-based Florexx International Investments for the basic engineering, design and construction of an advanced topping refinery in the UAE.
Iraq Signs Oil Agreement with Chevron
Iraq’s Basra Oil Company and Dhi-Qar Oil Company have signed a memorandum of understanding with Chevron for studies and seismic surveys on oil activities in the country.
Iraq Opposes Calls for OPEC Production Boost
Iraqi oil minister Jabar al-Luaibi released a statement on June 11 in which he warned producers against being pressured to boost output levels, adding that unilateral decisions could collapse the OPEC and non-OPEC supply cut agreement.
Saudi Oil Output Hits 10 Million b/d
Saudi Arabia has boosted oil output to over 10 million barrels per day (b/d), the highest level since October 2017.
Total Signs 25-Year Algeria Gas Field Concession Extension
Total has signed a concession agreement with Algerian state-owned Sonatrach, Repsol, and Alnaft for a 25-year licence extension for the Tin Fouye Tabankort (TFT) gas and condensate field.
Iraq Raises Oil Selling Price for Asia-Bound Crude
Iraq's State Oil Marketing Organization (SOMO) has raised its oil selling price for July exports of Basra Light and Basra Heavy crude grades to Asia.
Russian Firms to Bid for Iranian Shadegan Oil Field
Two Russian firms are reportedly preparing bids and technical proposals to develop the Shadegan oil field in southern Iran.
