Qatar and Iraq have signed a number of memoranda of understanding (MoU). One of the MoUs is for establishing a joint company to build and operate oil tankers that carry crude oil and petroleum products according to th...
The Suez Canal Authority (SCA) is extending some of its decisions regarding the discounts granted for crude oil tankers passing through the Suez Canal until December 31. According to a publication issued by SCA’s offi...
The Kuwait Oil Tanker Company (KOTC) received the Shegardiah oil tanker from South Korean manufacturer Hyundai Mipo Dockyard on April 28, according to KUNA. The Shegardiah oil tanker is the newest addition to the Kuwa...
The Minister of Petroleum and Mineral Resources, Tarek El Molla, accompanied by Adel El-Ghadban, Port Said’s Governor, launched two new oil tankers (Egypt 2,3) to supply ships with fuel in the Port Said Port, a ...
Kuwait Oil Tanker Company (KOTC) announced that its vessels were operating normally after a suspected attack on two tankers in the Gulf of Oman, Reuters reported. The company said that it has taken precautions to be r...
Abdel Malek El Houthi, the leader of the Houthi militant group in Yemen, warned of possible attacks against Saudi Arabian oil tankers if the coalition backing the Yemeni government attacks the port of Hodeidah, Reuter...
The Kharg oil terminal in Iran has increased its crude oil loading capacity to 8mb/p, three times the current Iranian crude and condensate exports, the Iranian Oil Terminals Company (IOTC)’s Managing Director, ...
Dubai-based shipping company Gulf Navigation Holding PJSC (GulfNav) has entered into a strategic alliance with compatriot energy trading firm Mena Energy in order to cooperate in leasing, acquisition, and commercial m...
Iran and six world powers reached an agreement on Tuesday to lift sanctions against the Islamic Republic, and while U.S. and Iranian leaders have heralded the deal as a victory, the real winners could be corporations ...
Iran is storing as much as 40 million barrels of oil on supertankers at sea as it prepares for a sales drive if a nuclear deal can be sealed. Iran and six world powers are seeking to overcome remaining differences wit...