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 avoid exporting oil through the Strait of Hormuz.
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.
The United Arab Emirates (UAE)’s Minister of State and the CEO of the Abu Dhabi National Oil Company (ADNOC), Sultan Ahmed Al Jaber, has confirmed that the UAE supplies of oil and liquefied petroleum gas (LPG) to ...
Saudi Arabia may recover part of its previous market share on the Indian market, especially after the US sanctions on Iran.
India was the second biggest importer of Iranian oil after China before the US sanctions more than halved Iran's oil exports to 1 million barrels per day (b/d).
India has shipped around 277,600 barrels per day (b/d) in April, dropping by 31.5% from March.
Indian refineries have postponed their May orders for Iranian oil, waiting for a decision on whether the US will extend their waiver from the sanctions.
India will lease half of its southern Padur oil storage site to Abu Dhabi National Oil Company (ADNOC).
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.
Egypt is expected to begin operating the 100-MW first phase of the electricity link with Sudan by the end of this year, according to government sources.
The Abu Dhabi National Oil Company is planning to fill up storage tanks contracted from the Indian government in the first week of November.