Saipem Awarded New Contract in Saudi Arabia
Saudi Aramco has awarded Saipem a new contract to conduct Engineering, Procurement, Construction (EPC) work in Saudi Arabia.
News / International
Iraq to Increase Production from Rumaila
Iraq aims to increase production at the Rumaila oilfield by 50,000 barrels per day (b/d) in 2018.
Omani Oil Exports Slide 8.7%
Crude exports from Oman slid 8.7% to 245.19 million barrels this year through October.
El Falih: Gulf Should Increase Petrochemical Production
Gulf oil producers should follow the US lead and convert a greater share of their crude to chemical products, according to the Saudi Oil Minister, Khalid El Falih.
Production-Cut Exemptions to be Discussed at OPEC Meeting
Libya and Nigeria’s exemptions from the production-cut agreement could be questioned at tomorrow’s meeting between OPEC and some non-OPEC oil producers.
Saudi Arabian Exports to China Rise
Saudi Arabia’s cru.de exports to China rose in October even as the Asian giant reduced oil imports
Oil Producers Considering Modified 9-Month Extension of Cuts
OPEC and its oil-producing allies are considering a modification of the proposed nine-month extension of the production-cut agreement.
OPEC: OECD Oil Inventories Continue to Drop
OECD commercial oil inventories fell to 140 million barrels over their five-year average in October.
Kirkuk Crude to Go to Iraqi, Iranian Refineries
Iraq plans to channel most of the output from the disputed Kirkuk oilfields to Iraqi oil refineries.
Pre-Export Financing Garners Interest in Gulf
With lower crude prices and abundant world supply, pre-export financing (PXF) is an increasing attractive option for state-owned oil companies in the Arabian Gulf.
