Iran to Boost Crude Output by 460M barrels Over 3 years
Iran is planning to increase its oil production by 460 million barrels over the next three years, according to oil minister Bijan Zanganeh.
News / International
Iran Sanctions: Pergas Consortium Ready to Replace Foreign Contractors
Pergas International Consortium will replace international companies unable to continue work in Iran because of the upcoming reimposition of US sanctions.
Saudi – Bahrain Pipeline Project Slated for Completion in 2018
Oil pipelines between Saudi Arabia and Bahrain are expected to be completed during 2018, according to Bahrain's Oil Minister Mohammed Al-Khalifa.
Aramco, Indonesian Company Strike Gasoline Supply Agreement
Saudi Aramco Products Trading Company (ATC) and Indonesia’s Pertamina struck a gasoline supply deal, as Aramco looks to increase its presence in the Southeast Asian market.
Kuwait Extracts Light Crude From Jurassic Production Units
Kuwait Oil Company has separated and extracted light crude oil from Jurassic production.
Aramco Raises Price of Crude Exports to Asia
Saudi Aramco has increased the price of crude exports to Asian buyers to their highest levels since 2014 amid rising demand for Saudi oil.
Saipem Wins $1.3B Middle East Pipeline Project
Italian energy industry contractor Saipem has secured a $1.3 billion pipeline project for work in the Middle East offshore engineering and construction sector.
Kufpec, OGDC Sign Upstream Agreement
Kuwait Foreign Petroleum Exploration Company (Kufpec) and the Oil and Gas Development Company (OGDC) have signed a strategic cooperation initiative to evaluate potential international upstream exploration and production business opportunities.
UAE’s Hamriya Free Zone Signs Investment Deal with Indian Oil Refinery
Hamriya Free Zone Authority has signed an investment agreement with Gandhar Oil Refinery India to establish an integrated project producing white oil, liquid paraffin, hydraulic liquid, transformer oil, rubber processing oil, motor oil and industrial oil.
Iran Sells First Cargo of West Karoun Crude to Repsol
Iran has sold its first cargo of West Karoun crude oil to Repsol.
