Arabian Gulf | Egypt Oil & Gas
Iraq’s Oil Revenue Reach $3.49 B
Iraq’s oil ministry has announced that oil revenues accounted for in excess of $3.49 billion after a total of 85.6 million barrels of oil (mmbbl) were exported, according to a press release. The exports of crude oil f...
Saudi Arabia to Expand Pipeline as Alternate Export Route
Saudi Arabia plans to increase the capacity of the East-West Pipeline by 40% within two years in order to reduce oil exports through the Strait of Hormuz, Reuters reported. The move comes in response to a number of in...
Iran Hopes to Raise Oil Exports
Iran is hoping for an improvement in crude oil exports despite further sanctions, Reuters reported. “What matters now for Iran is the amount of oil that we can export,” said the Iranian Oil Minister Bijan Zanganeh. In...
Two Oil Tankers Evacuated in Gulf of Oman
The United Kingdom Maritime Trade Operations (UKMTO) has warned of an unspecified incident that reportedly took place in the Gulf of Oman, urging extreme caution, Gulf News reports. Meanwhile, Bloomberg has reported t...
McDermott Contracted Offshore Saudi Arabia
McDermott International has been awarded a substantial contract from Saudi Aramco for engineering, procurement, construction, and installation (EPCI) services in the Safaniya and Zuluf fields offshore Saudi Arabia, En...
Suez Canal Authorities Set New Fares for VLCCs
New toll rates have been set by Egypt’s Suez Canal Authority, as part of a six-month experiment, for the oil tankers that will be using the vital waterway to deliver very large crude carriers (VLCCs), reported Reuters...Page 1 of 1
