News / International
UNSC Extends Ban on Illicit Crude Shipment from Libya
The UN Security Council (UNSC) has extended the ban on crude oil shipment from the Libyan territories controlled by the institutions not related to country's Government of National Accord until end July 2017.
IMF Expected to Unlock $15b in International Assistance to Iraq
The International Monetary Fund (IMF) could approve a standby arrangement (SBA) with Iraq as early as June, unlocking $15b in international assistance over the next three years, the head of the IMF's Iraq mission told press.
Iraqi Basrah Gas Co. Exported Second Cargo of Gas Condensates
Iraq exported a second cargo of gas condensates, produced by the Basrah Gas Company, a joint venture between the state-run South Gas Co., Shell and Mitsubishi, the Oil Ministry informed in a statement. The cargo was shipped to the UAE.
Saudi Aramco Maintains All Planned Oil, Gas, Refining Projects
The world’s biggest oil exporter, Saudi Aramco, will not cancel any oil, gas or refining projects, company’s CEO Amin Nasser told press. In addition, Aramco is studying a possible expansion of the country’s largest oil refinery, Ras Tanura, which has a capacity of 550,000b/d and presses ahead with an expansion of the Khurais oil field despite lower crude prices.
Bahrain Receives $570m for Oil, Gas Projects Expansion
Bahrain's Nogaholding, the investment and business development arm of Bahrain's National Oil and Gas Authority (NOGA), signed to obtain a five-year $570m murabaha financing facility to expand its oil and gas development projects.
BP, Kuwait Petroleum Corp. Sign New Framework Agreement
UK's oil and gas major BP and the state-run Kuwait Petroleum Corporation (KPC) have signed a framework agreement to explore possible joint opportunities for investment and cooperation in future oil, gas, trading and petrochemicals ventures.
Iraq Exported Near-Record Crude in March
Iraq exported near-record amount of crude in March from its southern ports reaching to around 3.286mb/d, up from 3.225mb/d in February, Oil Ministry informed.
Saudi Arabia, Kuwait to Resume Production at Khafji Offshore Oilfield
Saudi Arabia and Kuwait have reached a deal to resume production at the disputed Khafji offshore oilfield, Kuwait’s acting Oil Minister, Anas Al-Saleh, said.
