Strait of Hormuz | Egypt Oil & Gas

Brooge Energy Subsidiary Contemplating New Senior Secured Bond Issue

Brooge Energy Limited, a midstream oil storage and Service provider in the United Arab Emirates (UAE), has announced its intention to invest up to $325 million in the Nordic bond market.

Saudi Arabia to Expand Pipeline as Alternate Export Route

Saudi Arabia plans to increase the capacity of the East-West Pipeline by 40% within two years in order to avoid exporting oil through the Strait of Hormuz.

Two Oil Tankers Evacuated in Gulf of Oman

An unspecified incident took place in the Gulf of Oman and has reportedly affected two oil tankers.

Saudi Aramco, Sabic to Build Petrochemical Complex in Yanbu

State oil giant Saudi Aramco and petrochemicals company Saudi Basic Industries Corp (SABIC) will build a new integrated industrial petrochemicals complex in the port city of Yanbu on the Red Sea coast.

Yanbu South Terminal Upgrade Boosts Saudi Oil Exports by 3M b/d

An upgrade to Saudi Aramco’s Yanbu South Terminal (YST) has added 3 million barrels per day (b/d) to the export capacity of the Red Sea facility.

ADNOC Builds Crude Storage Facility in Fujairah Mountains

Abu Dhabi National Oil Company (ADNOC) is constructing a crude oil storage facility under the Fujairah mountains in the UAE.

Iran to Move Main Oil Export Terminal to Gulf of Oman

Iran is planning to move its primary export terminal from the Arabian Gulf to the Gulf of Oman to avoid using the strategic Strait of Hormuz, President Hassan Rouhani stated in a televised speech on September 4.

Shell, Vitol to Store Iraqi Crude at Fujairah

Royal Dutch Shell and Vitol are stepping up their operations in the port of Fujairah to store Iraqi crude as production from the OPEC member rises.

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