News / International
Prices for Arab Light Expected to Rise
Saudi Arabia is expected to raise the price the of its Arab Light crude in the Asian market for the month of October.
SMC Secures $728M for Ammonia Plant
Salalah Methanol Company (SMC), a subsidiary of Oman Oil Company, has secured $728 million in financing for its proposed ammonia plant
Saudi Arabia, Russia Push Extension of Production Cuts
Saudi Arabia and Russia are advocating a three-month extension of January’s production-cut agreement.
Supply Constraints Lower Zawiya Refinery to 50% of Capacity
The cessation of oil production at the Sharara oil field has forced Libya’s Zawiya refinery to pare back its operations.
Libya Seizes Tanker, Suspects Crew of Smuggling
The Libyan navy detained an oil tanker off the Abu Kammash coast on suspicions of smuggling
ADNOC to Cut October Crude Production by 10%
Abu Dhabi National Oil Company (ADNOC) will cut its crude oil output in October by 10%.
China Imports 77.2% of Oman’s Crude Exports
Shipments to China represent 77.2% of Oman’s crude oil exports.
Iran’s Exports from South Pars Rise
Iran’s exports of gas condensates from the South Pars field rose to $6.9 billion, a 12% year-on-year increase in value.
More Oil Fields Close in Libya
Security disruptions continue to plague Libya’s oil production. The National Oil Company (NOC) has declared force majeure at two new oil fields.
