Strait of Hormuz | Egypt Oil & Gas - Part 6
Oil Tanker Crosses Strait of Hormuz Amid Ongoing Regional Disruptions
An oil tanker has navigated the Strait of Hormuz on route to the United Arab Emirates (UAE) to lift crude oil, marking one of the few voyages through the strategic waterway since regional hostilities disrupted shippin...
Brent Climbs Above $78 Amid Gulf Tensions, Shipping Disruptions
Global oil prices climbed sharply as escalating tensions in the Middle East and disruptions to shipping through the Strait of Hormuz heightened fears of supply shortages, pushing crude benchmarks to their highest leve...
Iran Blocks Strait of Hormuz
Iran has been sending radio signals to ships stating that no vessel is allowed to pass through the Strait of Hormuz, according to Reuters. Ships navigating near the waterway have received very high frequency (VHF) tra...
Oil Prices Surge, LNG Supplies at Risk if Strait of Hormuz Closes: IEA Report
The International Energy Agency (IEA) stated in a report that any disruption to transit flows in the Strait of Hormuz (SoH) would have significant consequences for global oil and LNG markets. The report, issued in Dec...
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 that its wholly-owned subsidiary, Brooge Petroleum and Gas Investment Company FZE (BPGIC), is pursui...
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 reduce oil exports through the Strait of Hormuz, Reuters reported. The move comes in response to a number of in...
Two Oil Tankers Evacuated in Gulf of Oman
The United Kingdom Maritime Trade Operations (UKMTO) has warned of an unspecified incident that reportedly took place in the Gulf of Oman, urging extreme caution, Gulf News reports. Meanwhile, Bloomberg has reported t...
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, Reuters reporte... 
