Saudi Oil Exports to China Hit Record Level
Saudi Arabia’s crude oil exports to China soared to 1.74 million barrels per day (b/d) in July, while shipments to the US tumbled to 161,000 b/d compared with 1.03 million b/d a year earlier.
Iran | Egypt Oil & Gas - Part 15
Saudi Oil Exports to China Hit Highest Level Since 2013
Saudi Arabia has compensated China for the shortage of crude oil supplies due to the US-imposed sanctions on Iran. After Chinese oil importer crude Iranian imports decreased to their lowest level since 2010.
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.
Iraq Invests in Associated Gas at Southern Fields
The Iraqi Ministry of Oil announced that it will invest in the associated gas, after signing a memorandum of understanding (MoU) with Honeywell for gas processing from the Artawi southern oilfield.
Iraq Discusses Cooperation Projects with Iran
An Iraqi delegation has recently discussed cooperation with Iranian companies in oil and gas projects during a meeting with Iran’s Energy Industries Engineering and Design Company (EIED).
Iran to Raise Natural Gas Exports to Armenia
Iran wants to reach an agreement to provide more natural gas to Armenia in exchange for electricity.
Iran, CNPC Disagree Over South Pars Field
Iran has denied a request by China National Petroleum Corporation (CNPC) to suspend work on Phase 11 of the South Pars gas project.
Iran Hopes to Raise Oil Exports
Iran is hoping for an improvement in crude oil exports despite further sanctions imposed by the US.
Iran, Turkmenistan Produce 63 mcm/d from Gonbadli Field
Production in the joint field has a massive role in ensuring natural gas supplies to Iran.
OPEC Production Hits 5-Year Low
OPEC produced 29.6 million per day (b/d) in June, down by 170,000 b/d compared with May.
