Abu Dhabi National Oil Company (ADNOC) has reportedly closed a $600-million pipeline infrastructure investment agreement with GIC, Zawya reported. The deal with the Singaporean sovereign wealth fund raises investments...
Qatar Petroleum for the Sale of Petroleum Products Company (QPSPP) announced that it has reached a five-year sale agreement with ExxonMobil Trading Asia Pacific (EXTAP), a division of ExxonMobil Asia Pacific based in ...
Abu Dhabi National Oil Company (ADNOC) announced that it has signed an investment agreement with Singapore’s sovereign wealth fund (GIC), Emirates News Agency (WAM) reported. Under the agreement, the Singaporean...
National Iranian Oil Company (NIOC) aims to increase export volumes of cleaner diesel by 2017, as Tehran upgrades its refineries, Reuters reported. Diesel exports from NIOC containing 500 parts-per-million (ppm) of su...
The amount of West African crude oil heading east in September is expected to reach a five-month high, driven in part by trading houses. At least 60 cargoes, carrying the equivalent of 1.9mb/d are expected to make the...
Industry sources told Reuters that Aramco Trading Company, a subsidiary of oil giant Saudi Aramco, has started a Singapore office to market oil products. It is believed that Nader Al-Arfaj has been hired for the job, ...
Saudi Basic Industries Corp (SABIC) said on Sunday it had completed the formation of a joint venture with Korean petrochemical manufacturer SK Global Chemical Co to produce polyethylene products. Total investment will...
Oman, the largest oil producer in the Middle East outside of OPEC, plans to buy, lease or build fuel-storage tanks in East Africa to boost sales on the continent and open a U.S. office to trade refined products and La...
Singapore has called on Iran to investigate the warning shots fired by Iranian vessels at a commercial ship in Persian Gulf. The Asian city-state condemned Thursday’s incident involving the Singapore-flagged Alp...
Fuel oil stocks stored in the oil hub of Singapore are the highest in nearly two years as soaring Russian supplies are diverted from Europe, threatening to pressure Asian prices of the product that have rallied 10 per...