Saudi Petromin to Establish New Company for Lubricants Expansion in Egypt
Petromin, a Saudi energy and mobility company, signed a protocol to establish a specialized company to manage its investments and expansion plans in Egypt’s lubricants sector.
Saudi Arabia | Egypt Oil & Gas
Indian Refiners, Global Energy Major Halt Use of Iran-Blacklisted Ships
Iran’s blacklist of 45 vessels has prompted at least three Indian refiners and a global energy major to avoid the ships, including for ship-to-ship transfers, amid rising security risks in the Strait of Hormuz.
Aramco Signs Agreements Worth More Than $3.7 Bn With French Companies
Saudi Aramco has signed agreements and an MoU with French companies worth more than $3.7 billion, targeting supply chain resilience, drilling equipment procurement, and industrial AI and digital technology develop ...
Saudi Crude Exports Go Dark as Houthi Threat Rises
Saudi Arabia’s crude oil exports from the Red Sea are increasingly being conducted without visible vessel-tracking signals as tankers seek to avoid attacks by Yemen’s Iran-aligned Houthis, creating significant unc ...
Saudi May Crude Exports Hit Record Low Amid Gulf Tensions
Saudi Arabia’s crude oil exports fell to a record low of 3.434 million barrels per day (mmbbl/d) in May despite a rebound in production, as regional conflict disrupted Gulf shipments and higher domestic crude use ...
Middle East Gulf Crude, Condensate Exports Surge
Middle East Gulf crude and condensate exports climbed to their highest level since February during the first half of July as a temporary easing of US-Iran tensions boosted shipments. However, renewed fighting and ...
Saudi Arabia Explores East-West Pipeline Expansion to Bypass Strait of Hormuz
Saudi Arabia is in preliminary discussions to expand the capacity of its East-West crude oil pipeline by up to 2 million barrels per day (bbl/d), according to Reuters. The proposed expansion aims to enable the kin ...
OPEC Oil Output Increased Significantly in June, According to a Reuters Survey
The Organization of the Petroleum Exporting Countries (OPEC) raised production by 3.3 million barrels per day (bpd) compared to May, reaching a total of 19.43 million bpd. This rise followed a period of reduced ou ...
Russia’s Seaborne Fuel Oil, VGO Exports Decline 6% in May Amid Ukraine Strikes
Russia’s seaborne exports of fuel oil and vacuum gasoil (VGO) declined by around 6% month-on-month (MoM) in May to 3.2 million metric tons, as Ukrainian drone strikes on energy infrastructure disrupted production ...
Saipem Secures €900 Mn Gas Compression Plant Contract in Saudi Arabia
Italian energy services company Saipem has been awarded a new onshore contract for the Uthmaniyah Gas Compression Plant project in Saudi Arabia, with Saipem’s share of the contract valued at about €900 million, no ...
