UAE offers up to 20% stake in oilfield to Indian oil firmsSeptember 22, 2017 // 0 CommentsThe United Arab Emirates’ (UAE) Abu Dhabi National Oil Company (ADNOC) has offered up to 20% stake in its oilfield to [...]
Bangladesh signs LNG supply deal with Gunvor SingaporeSeptember 20, 2017 // 0 CommentsPetro Bangla, a Bangladeshi government-owned national oil company, has signed a liquefied natural gas (LNG) supply agreement [...]
Iran to increase oil output to 4.5 mn bpd in five years, NIOC CEO saysSeptember 11, 2017 // 2 CommentsIran will be raising its oil production to reach 4.5 million barrels per day (bpd) within five years, said National Iranian [...]
Saudi Arabia to cut 350,000 barrels of crude oil allocation globally in OctoberSeptember 8, 2017 // 4 CommentsSaudi Arabia will reduce its crude oil allocations to its customers all over the world in October, cutting 350,000 barrels [...]
Dow to increase ownership in Sadara to 50%; last of 26 plants commissionedAugust 29, 2017 // 3 CommentsDow Chemical Company and the Saudi Arabian Oil Company (Saudi Aramco) have signed a non-binding Memorandum of Understanding [...]
Bidding process for Saudi Aramco, SABIC joint chemicals project launchedAugust 28, 2017 // 0 CommentsThe bidding process for the engineering work on the joint crude oil-to-chemicals project by Saudi Arabian national petroleum [...]
China remains as top destination for Oman’s crude oil exports in 2017August 28, 2017 // 1 CommentChina remained as the top destination for Oman’s crude oil exports during the first seven months of 2017, importing 132.67 [...]
Petronas seeks to balance portfolio through overseas oil expansion prospectsAugust 25, 2017 // 2 CommentsMalaysian oil and gas firm Petroliam Nasional Berhad (Petronas) continues to seek out opportunities to expand its presence [...]
Rosneft pays India’s Essar Group’s US$2.4 bn debt to Iran after acquisitionAugust 25, 2017 // 1 CommentRussian oil giant Rosneft settled the more than US$2.4 billion debt owed by Indian conglomerate Essar Group to Iran’s [...]
Rosneft and partners complete US$12 bn buy of India’s Essar OilAugust 22, 2017 // 0 CommentsRussian oil major Rosneft, oil trader Trafigura and Russian fund UCP have closed the US$12.9 billion purchase of Indian oil [...]