Saudi Arabia to Increase China’s Oil Exports
The Kingdom's crude exports to China is expected to increase, reaching 1.5 million b/d during Q1 2019, up from one million b/d at the same period a year before.
The Kingdom's crude exports to China is expected to increase, reaching 1.5 million b/d during Q1 2019, up from one million b/d at the same period a year before.
Trade between the countries increased by 32% last year.
Algeria signed a deal worth $6 billion with China to establish a phosphate plant on November 26.
Saudi Aramco has agreed to supply 130,000 barrels per day (b/d) of crude to private Chinese chemical group Hengli Petchem for 2019, Aramco’s second major marketing alliance with a private Chinese refiner.
Chinese oil major Sinopec has signed a 2019 annual deal to purchase crude oil from the Kuwait Petroleum Corp (KPC) on October 8.
Egypt has promising investment opportunities with China in the fields of energy, oil and natural gas, stated Ashraf Farag, deputy minister of petroleum for agreements and exploration.
The US has granted eight Iranian oil importers temporary waivers from the sanctions set to be imposed upon the country’s energy sector on November 5.
China's Zhenhua Oil is expected to sign an agreement with Iraq’s State Oil Marketing Organization (SOMO) to establish a joint venture (JV) company.
The Kuwait Petroleum Company (KPC) has signed a contract to supply crude oil to a privately owned Chinese oil refinery.
Kuwait has signed a memorandum of understanding (MoU) with Chinese oil major Sinopec for the construction of an oil refinery in the south of China, the Kuwait Oil Ministry announced on October 25.