News / International
Iran to Boost Crude Exports to India
Tehran is hoping to increase its crude oil exports to India from the current 350,000b/d, Iranian Oil Minister, Bijan Zanganeh, was quoted as saying after meeting his Indian counterpart, Dharmendra Pradhan.
Kuwait Signs Three LNG Import Deals Through 2020
Kuwait’s state-run oil firm has signed three contracts to import 2.5m tons of liquefied natural gas (LNG) a year through 2020 to meet the country’s needs, a company official said.
Saudi Fund May Raise $106b From Aramco Stake Sale
Saudi Arabia’s sovereign wealth fund could receive $106b in cash from the sale to the public of a 5% stake in oil giant Aramco’s parent company, according to the Sovereign Wealth Fund Institute.
Iraq Oil Export Increased to 3.5mb/d in April
Oil fell as rising exports from Iraq underlined the global oversupply situation over an increase from Iraq's southern ports of an average of almost 3.5mb/d in April, an official from the state-run South Oil Company said.
Turkey Mulls New Legislation to Open Gas Market
Turkey is planning new legislation to further open the country's gas market, which is currently dominated by state gas importer and transmission operator Botas, Mustafa Yilmaz, the Head of Turkey's energy regulator EPDK said in an interview.
Austrian OMV to Develop Iranian Cheshmeh Khosh Oilfield
Austrian energy company OMV has announced it was ready to resume developing the Cheshmeh Khosh oilfield in western Iran.
Latin America Calls for Steps to Improve Oil Prices
Latin American oil producers, including main exporters such as Venezuela, Colombia, Ecuador, and Mexico, asked to take the necessary steps to stabilize the global crude market in a bid to improve prices for the benefit of the producing and consuming countries.
Iran Breaking Pricing Tradition for Crude Exports to Asia
Iran is seeking to enter an oil price war with its rivals. Tehran ratcheted up its offense in the oil market by breaking a pricing tradition, signaling it is determined to win its market share at a time when rival producers are trying to forge a deal on freezing output.
