News / International

Kuwait Pioneers Extraction Technique in the ME

Kuwait Oil Company announced the use of a new technique to extract heavy crude from complex oil reservoirs.

Iran Boosts Crude Exports to S Korea

Iran's oil exports to South Korea rose to 1.4 million tons for the month of July, a 26.5% year-on-year increase.

Operations at Libya’s Zueitina Port Halted

Operations at Libya’s Zueitina port ceased on Saturday after workers protested working conditions and demanded the payment their salaries.

KPC Claims “Major Portion” of Kuwait’s Oil Spill Removed

A spokesman for the Kuwait Petroleum Company (KPC) claimed significant progress in removing the oil from last week’s oil spill off Kuwait’s southern coast.

Security Challenges Continue to Plague Libya’s Sharara Field

Security issues at Sharara continue to hamper production at Libya's most important oil field.

Saudi Arabia Reportedly Favors NYSE for Saudi Aramco Listing

Saudi Arabia is leaning toward the New York Stock Exchange (NYSE) for its initial public offering (IPO) of Saudi Aramco.

OPEC Expects Higher Oil Demand in 2018

OPEC is predicting record oil demand in 2018.

UK Approves $117M to Finance Iraqi Power Plants

UK Export Finance, a British agency tasked to promote British exports, will provide $117 million in financing to General Electric and Enka UK for the construction of two gas-powered electricity plants in Iraq.

Oman’s Topez Secures $100M Contract

Topez Energy and Marine secured a contract to supply Dragon Oil Turkmenistan with six vessels.

Russian, Turkish, Iranian Firms Sign MoU

Russia’s Zarubezhneft, Turkey’s Unit International, and Iran’s Ghadir Investment Company signed a memorandum of understanding (MoU) on oil and gas development.

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