Iraq Forms Committee to Discuss Resumption of Kirkut Oil Exports
A newly-formed committee of experts are due to visit the Iraqi parliament to address the resumption of oil exports from Kirkuk through the Kurdistan region.
Iran | Egypt Oil & Gas - Part 18
US Grants Iraq 45-Day Waiver for Iran Imports
The US has granted Iraq a 45-day waiver from its sanctions on Iran in order to import natural gas and electricity supplies.
EU to Create SPV to Evade Iran Sanctions: French Minister
France will push to create the necessary mechanisms to allow EU countries to maintain trade with Iran following the re-introduction of US sanctions on November 5.
US to Give Eight Nations Oil Waivers for Iran Sanctions
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.
Saudi Aramco, Sabic to Build Petrochemical Complex in Yanbu
State oil giant Saudi Aramco and petrochemicals company Saudi Basic Industries Corp (SABIC) will build a new integrated industrial petrochemicals complex in the port city of Yanbu on the Red Sea coast.
Hyundai E&C Cancels $521M Iranian Petrochemicals Deal
South Korean Hyundai Engineering & Construction announced it has cancelled a $521 million agreement to build a petrochemicals complex in Iran.
Iraq to Halt Kirkuk Oil Exports to Iran
Iraq plans to stop exporting crude from its northern Kirkuk oilfield to Iran in November in compliance with US sanctions placed on the Iranian energy industry.
Yanbu South Terminal Upgrade Boosts Saudi Oil Exports by 3M b/d
An upgrade to Saudi Aramco’s Yanbu South Terminal (YST) has added 3 million barrels per day (b/d) to the export capacity of the Red Sea facility.
Iran, Russia Agree to Increase Output by 1M b/d
Iran and Russia have reached a deal to increase oil production by 1 million barrels per day (b/d) through joint efforts.
OPEC’s 2019 Oil Demand Growth Forecast Falls Again
OPEC has cut its 2019 global oil demand growth forecasts for the third straight month, citing trade disputes and volatile emerging markets, particularly in key consuming countries.
