Iranian Crude Exports to S Korea Rise 40.2%
South Korea’s crude imports from Iran and Saudi Arabia rose in August.
News / International
Saudi Aramco: IPO on Track
Saudi Aramco confirmed that its initial public offering (IPO) remains on track for next year.
Bloomberg Sources: Saudi Arabia is Preparing for a Possible IPO Delay
Saudi Arabia is developing back-up plans in case the initial public offering (IPO) of Saudi Aramco is pushed back until 2019.
Shell to Sell Its Stake in Iraq’s West Qurna 1 Oilfield
Royal Dutch Shell plans to sell its stake in Iraq’s West Qurna 1 oilfield.
Iraq Changes Course on Price Benchmarks
Iraq is reconsidering its previously announced plan to switch its price benchmark for Asian-bound crude from the Platts’ Oman-Dubai average to DME Oman futures.
Iranian Company to Export Five Gas-Fired Power Plants to Syria
The Iranian company, Mabna, accepted a contract from the Syrian government to import five gas-powered units for use in Aleppo.
Iran Projects Crude Production of 4.5M b/d
The Managing Director of the National Iranian Oil Company (NIOC), Ali Kardor, projects that Iran will be producing 4.5 million barrels per day (b/d) of crude oil by the end of 2022.
Shell to Exit Iraq’s Majnoon Oilfield
Royal Dutch Shell is looking to conclude its operations at Iraq’s Majnoon oilfield.
Saudi Arabia Increases Crude Reserves in Japan
Saudi Aramco is increasing its crude oil reserves in Japan by 1.9 million barrels.
OPEC Production Falls in August
OPEC production fell in August as Saudi Arabia cut back its production
