Iran to Build Oil Storage Facility at Gulf of Oman
A National Iranian Oil Company (NIOC) subsidiary has signed an agreement with a domestic firm to construct a $232-million crude storage facility near Iran’s southeastern port of Jask.
Iran | Egypt Oil & Gas - Part 20
ENOC Stockpiles Jet Fuel Ahead of Iran Sanction Deadline
Emirates National Oil Company (ENOC) has reportedly chartered at least one vessel to store jet fuel as a measure to ensure supply to airlines in Dubai ahead of the US sanctions on Iranian energy trade, set to take ...
Saudi Nuclear Program “Fundamental to Energy Sector”: Energy Minister
Saudi Arabia’s nuclear program is fundamental to the development of a sustainable energy sector, Saudi Energy Minister Khalid al-Falih told the International Atomic Energy Agency on September 17.
OPEC-led Group Able to Cover Supply Shortage: Russian Energy Minister
Russian energy minister Alexander Novak has expressed confidence that the OPEC-led group of crude exporters are capable of covering potential supply shortages.
Iran to Move Main Oil Export Terminal to Gulf of Oman
Iran is planning to move its primary export terminal from the Arabian Gulf to the Gulf of Oman to avoid using the strategic Strait of Hormuz, President Hassan Rouhani stated in a televised speech on September 4.
Kuwait’s Crude Shipments to Japan Down 5.3% in July
Kuwaiti crude oil exports to Japan fell 5.3% in July year-on-year (YOY) to 216,000 barrels per day (b/d), the third consecutive monthly decrease.
Iran Sanctions: Japan May Halt Crude Imports from October
Japanese oil distributors plan to suspend Iranian crude imports in October before US sanctions become effective on November 4.
Iran Sanctions: Hellenic Petroleum Suspends Purchases of Iranian Crude
Greek company Hellenic Petroleum suspended purchases of Iranian crude oil in June because of the recently reimposed US sanctions, a company official announced on August 30.
Iran Sanctions: India Will Not Cut Iran Oil Imports to Zero
India will not cut all its crude exports from Iran, a senior Indian government official told Reuters.
Iranian Company Agrees to Well Drilling and Repair in Iraq
The National Iranian Drilling Company (NIDC) signed a memorandum of understanding with an Iraqi company to conduct drilling and oil well repair at the Basra and Az Zubeir oilfields.
