News / International
Iran’s Oil Exports Surpass 2mb/d
Iran's oil exports have surpassed 2mb/d following the lifting of sanctions, Oil Minister Bijan Zanganeh said. According to released data, Iran’s overall crude output now stands at 3.2mb/d, the highest level since May 2012.
Iran Seeking $2.5b Investment in Oil Tankers Modernization
Iran is seeking $2.5b investment to modernize its oil tankers fleet following the lifting of sanctions against Tehran, National Iranian Tanker Company (NITC) stated.
Iraq’s Kurdish Region Marks Oil Exports Decline
Oil exports from Iraq's Kurdish region to Turkey slipped to an average of 327,371b/d in March, due to a pipeline outage and the suspension of flows from Kirkuk, the Kurdistan Regional Government's ministry of natural resources said.
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.
