Middle East
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INE Approves PetroChina as Storage Facilities for LSFO Futures
Tuesday, 15th December 2020
Shanghai International Energy Exchange (INE) approved PetroChina International Middle East as overseas storage facilities for lower Sulphur fuel oil (LSFO) futures.
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Indian Oil Imports from Africa, US Rise in November
Tuesday, 15th December 2020
Data obtained from industry sources showed that Indian oil imports from Africa and US, in November, has risen but dropped from Middle East and Latin America.
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Arabian Drilling Awards Siemens Modernization Contracts
Monday, 24th February 2020
Arabian Drilling Company awarded a contract to Siemens, under which Siemens is going to modernize a full drilling-drives package and cooling system on a jack-up rig in the Middle East.
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El Molla: The Middle East is a Natural Gas Basin
Monday, 13th January 2020
The Minister of Petroleum and Mineral resources, Tarek El Molla, said that the East Mediterranean is considered to be a global basin of natural gas, having great energy potential to support the regional cooperation as well as new partnerships and integrations between the countries and the markets.
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Iran to Lead the Middle East in Pipeline Additions
Monday, 13th January 2020
Iran is expected to be a leading country in the Middle East's oil and gas sector when it comes to new-build trunk/transmission pipeline length additions.
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KPC Offers Naphtha for Asian Companies
Sunday, 29th September 2019
Kuwait Petroleum Corp. (KPC) will provide its full-range naphtha to load $16 a tonne premium to the Middle East on a free-on-board basis from December 2019 to November 2020.
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Superior Drilling Products Establishes Middle East Partnership
Thursday, 18th October 2018
Superior Drilling Products plan to enter the Middle Eastern market through a service partnership with Smith International Gulf Services (SIGS) with the intention of launching the US company’s wellbore tool in the region.
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Eni Plans to Reduce Oil Output from Libya
Sunday, 18th March 2018
Eni’s oil production in Libya will be reduced from 320,000 b/d to 200,000 b/d, Eni CEO, Claudio Descalzi stated.
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Iran, Iraq to Lead Middle East Oil Growth
Wednesday, 22nd March 2017
The research consultancy Rystad Energy indicated that the oil field development in Iran and Iraq is expected to drive the largest production growth in the Middle East over the next four years. -
Middle East OSV Market Shows Modest Growth
Thursday, 2nd March 2017
The Middle East is the only region to buck the downward trend in offshore supply vessels (OSV) over the last two years, IHS Markit analysis suggested. The region is the second biggest global OSV market with 17% of the global fleet.
Latest News
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El Molla Reviews Midor Refinery Expansion
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Egypt Approves Extending SDX’s PSA of West Ghairb to 2031
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Agreement with Belgian DEME for Studies of Green Hydrogen Production
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El Molla Inspects Progress of New Alamein Pipeline Project
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Commodity CMDTY | Units | Price | Change |
Crude Oil (WTI) WTI | USD/bbl | 60.81 | -0.77% |
Crude Oil (Brent) Brent | USD/bbl | 63.72 | -0.55% |
NYMEX Natural Gas | USD/MMBtu | 2.80 | -0.46% |
OPEC Basket Price | USD/bbl | 61.97 | -3.53% |
Last Modified March 4, 2021