Arabian Gulf

  • Iraq’s Oil Revenue Reach $3.49 B

    Iraq’s Oil Revenue Reach $3.49 B

    Wednesday, 26th August 2020

    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.

  • Saudi Arabia to Expand Pipeline as Alternate Export Route

    Saudi Arabia to Expand Pipeline as Alternate Export Route

    Sunday, 28th July 2019

    Saudi Arabia plans to increase the capacity of the East-West Pipeline by 40% within two years in order to avoid exporting oil through the Strait of Hormuz.

  • Iran Hopes to Raise Oil Exports

    Iran Hopes to Raise Oil Exports

    Monday, 8th July 2019

    Iran is hoping for an improvement in crude oil exports despite further sanctions imposed by the US.

  • Two Oil Tankers Evacuated in Gulf of Oman

    Two Oil Tankers Evacuated in Gulf of Oman

    Thursday, 13th June 2019

    An unspecified incident took place in the Gulf of Oman and has reportedly affected two oil tankers.

  • McDermott Contracted Offshore Saudi Arabia

    McDermott Contracted Offshore Saudi Arabia

    Tuesday, 24th January 2017
    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.
  • Suez Canal Authorities Set New Fares for VLCCs

    Suez Canal Authorities Set New Fares for VLCCs

    Monday, 20th June 2016
    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 do deliver any very large crude carriers (VLCCs)