ADNOC Renews Storage Deal with Japan
The Abu Dhabi National Oil Company (ADNOC) renewed and expanded an agreement with Japan to store and trade crude in Asia’s second-biggest economy.
The Abu Dhabi National Oil Company (ADNOC) renewed and expanded an agreement with Japan to store and trade crude in Asia’s second-biggest economy.
The Abu Dhabi National Oil Company (ADNOC) has awarded three contracts for the procurement of casing and tubing, with a combined scope of $3.6 billion.
Tokyo International Conference on African Development (TICAD7) will be held next August, allowing a lot of cooperation.
SABIC has renewed its partnership agreement with JSMC for another 20 years in a $1.35 billion deal.
The UAE’s imported crude oil represents around 25.5% of Japan’s total imports during February, which was around 86.604 million barrels.
The 35-year agreement gives INPEX the block’s exploration rights.
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.
Qatar plans to boost its liquified natural gas (LNG) production capacity to 110 million metric tons per year (mt/year) by 2024, an increase of roughly 43%.
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.
Japanese oil distributors plan to suspend Iranian crude imports in October before US sanctions become effective on November 4.