tankers | Egypt Oil & Gas - Part 2
Iran Seeking $2.5b Investment in Oil Tankers Modernization
Iran is seeking $2.5b investment to modernize its oil tankers fleet following the lifting of sanctions against Tehran, National Iranian Tanker Company (NITC) stated, according to Reuters. “To expand Iran’s...
Gas Golden Age to Usher in Iranian Exports to Europe
Mohammad Hossein Adeli, Secretary General of the Gas Exporting Countries Forum (GECF), declared that the world was entering the “Golden Age of Gas” thanks to “the world’s abundant natural gas resources, from both conv...
Downstream Investments Struggle with Oil Price Drop
The substantial fall in oil prices has weakened the onshore market, causing project delays and a focus on reducing costs for pipeline owners, an industry expert told Trade Arabia. “Despite this, the delays we have obs...
Iran Pitching New Contract Model to Recapture Oil Markets
Iran’s Oil Ministry website Shana announced on Friday that the long-awaited new model contract for oil and gas will be unveiled ahead of schedule, reported Reuters. “First, the new contracts will be unveil...
Oil Tankers Reach East Libya Port
Two tankers have arrived at the eastern Libyan port of Hariga to lift 1.15 million barrels of crude, an oil official said on Sunday. Another tanker was expected to lift 600,000 barrels of oil from the eastern Brega po...
Iran Building Terminal for 14,000-Ton Oil Tankers in Caspian Sea
Iran is developing an oil terminal in a northern Caspian port to allow docking by large tankers, an official said on Monday. With the development of the terminal, 14,000-ton oil tankers will be able to anchor in the I...
Bloomberg: Iran’s Tanker Lifeline to Syria
It’s no secret that Iran provides critical support to Syrian President Bashar al-Assad. The trouble comes in trying to figure out how much Iran spends and what that support actually looks like. Estimates of Iran’s lar...
Fright Rates Increase for East of Suez Dirty Tankers
Freight rates for dirty tankers in the East of Suez market have gone up sharply to hit their highest level so far in 2015 last week, amid strong demand to move crude and fuel oil and spike in interest for floating sto...
