Middle East Oil, LNG Shipments Continue Despite Hormuz Tensions
Middle Eastern producers are continuing to load oil and liquefied natural gas (LNG) despite recent ship attacks in the Strait of Hormuz and renewed US -Iran strikes.
Middle East | Egypt Oil & Gas
Hormuz Disruptions Force China to Delay 500,000 bbl/d in Refining Capacity
Chinese refiners have delayed two major refining projects slated for 2026 deployment, freezing a combined capacity of 500,000 barrels per day (bbl/d) following Middle Eastern crude supply disruptions at the Strait ...
South Korea Nears Oil Supply Deal with Kazakhstan Amid Middle East Disruptions
South Korea is close to securing crude oil supplies from Kazakhstan, as Seoul steps up efforts to diversify energy sources amid ongoing conflict in the Middle East, the country’s industry minister said.
Gulf Oil Exports Plunge Over 60% as Hormuz Disruptions Force Output Cuts
Daily oil exports from the Middle Eastern Gulf have fallen sharply amid ongoing disruptions linked to the US -Iran war, with flows dropping by more than 60% in the week ending March 15 compared to February levels, ...
Bahrain’s Bapco,TotalEnergies Launch Trading JV
TotalEnergies and Bahrain’s state energy company Bapco Energies have announced the launch of BxT Trading, a new equally owned joint venture designed to strengthen Bahrain’s position in global oil markets. The vent ...
LNG Freight Prices Surge to Highest Level in 8 Months Due to Tanker Scarcity, Regional Conflict
Liquefied natural gas shipping costs have surged to their highest level in roughly eight months, driven by reduced vessel availability as more tankers are redirected to Asia amid rising tensions in the Middle East ...
Shell Exercises “Very careful” Strategy with Middle East Shipments
Wael Sawan, the CEO of Shell stated that his company is being "very careful" with its Middle East shipments, due to the Israel-Iran conflict, to ensure not taking unnecessary risks, Reuters reported.
Gazprom Establishes Middle East Unit
Gazprom, the Russian majority state-owned multinational energy corporation, is establishing unit in the Middle East, Reuters reported.
Wintershall Dea Egypt’s External Revenues Reach €103M in Q3 2022
Wintershall Dea announced its external revenues in its Egypt profile to record €103 million in Q3 2022, compared to €99 million recorded in Q3 2021.
Qatar Inaugurates Al-Kharsaah Solar Power Plant
His Highness Sheikh Tamim bin Hamad Al Thani today inaugurated the Al Kharsaah solar power plant that was built by TotalEnergies and its partners QatarEnergy and Marubeni.
