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ADNOC Seeks Gasoline in Second Tender After Jan Fire - Trade
(Tuesday, March 28, 2017) Abu Dhabi National Oil Co (ADNOC) is seeking a total of 316,000 tonnes of gasoline for shipment in May and June to help make up for a shortfall in its own production following a fire in January at its Ruwais refinery, traders said on Tuesday.
COLUMN-Market Share or Higher Prices? The Saudi, Russia Oil Dilemma
(Tuesday, March 28, 2017) The world's top two oil exporters appear to be chasing both higher crude prices through their curbs to production and market share by increasing exports, at least in Asia, the world's biggest crude importing region and the fastest growing.
Aramco Tax Cut Lifts Company's Value by $1 Trln, Analyst Estimates
(Tuesday, March 28, 2017) Saudi Arabia's decision to cut tax paid by national oil giant Saudi Aramco has increased its value by $1 trillion, an analyst estimated on Tuesday ahead of Aramco's initial public offer of shares, expected to be the world's largest.
Saudi Arabia Sweetens Huge Aramco IPO with Tax Cut
(Monday, March 27, 2017) Saudi Arabia's government has cut the income tax paid by national oil giant Saudi Aramco to smooth the company's initial public offer of shares next year, which is expected to be the world's largest equity sale.
Oman: Could Cut Crude Exports by 15% from June for Sohar Refinery-Sources
(Friday, March 24, 2017) A cut would likely affect China most, as the world's second-largest oil consumer buys close to 90 percent of Oman's exports.
Saudi Arabia Spends Money to Make Money in Foreign Investment Drive
(Wednesday, March 22, 2017) Most of the big deals were in refining and petrochemicals, not the new industries Riyadh hopes to develop.
Israel-Turkey Gas Talks May Wrap Up in Summer, Steinitz Says
(Tuesday, March 21, 2017) The Israeli push to connect the eastern Mediterranean through pipelines in a region riven by old conflicts is going to be hard to pull off, especially as world energy prices remain depressed.
Rosneft Signs Deal To Supply 10 LNG Cargoes To Egypt In 2017
(Tuesday, March 21, 2017) Rosneft signs a deal to supply 10 liquefied natural gas (LNG) cargoes to the Egyptian Natural Gas Holding Company this year.
Saudis to Tighten Curbs on Foreign Workers in Local Jobs Push -Sources
(Tuesday, March 21, 2017) The new rules could potentially affect large numbers of people since about 12 million foreigners work in Saudi Arabia, doing many of the strenuous, dangerous and lower-paid jobs shunned by 20 million Saudi citizens.
Facilities Ops Specialists in Demand in Middle East
(Tuesday, March 21, 2017) Region's oil and gas employers still need facility asset pros, consultant tells Rigzone.
Saudi King's Asia Tour Trumpets Aramco's Moves Downstream
(Monday, March 20, 2017) Saudi King Salman's lavish tour of Asia, arriving in each country on a golden escalator with 400 tonnes of luggage, had a hardnosed marketing mission.
Beijing, Saudi Arabia Agree to More Oil Cooperation, Exports to China
(Monday, March 20, 2017) The world's largest oil exporter has been looking to cement ties with the world's second-largest economy.
France's Total Seeks Stake in $4 Bln Iranian Gas Field Project
(Friday, March 17, 2017) Total is seeking a 50 percent stake in a $4 billion project in Iran's giant South Pars gas field, the French energy firm said in a regulatory filing on Friday detailing talks held with Iranian officials on several projects in 2016.
Iran's Natural Gas Rush Won't Bring Export Riches -- For Now
(Thursday, March 16, 2017) The Iranians won't have much gas to export because they are likely to use most of their new production themselves.
Jordan Moves Ahead with $2.1 Bln Oil Shale Power Plant
(Thursday, March 16, 2017) Oil shale is a sedimentary rock that can be burned directly in furnaces to generate electricity.
Oman Refiner Said to Hire Credit Agricole for $6 Billion Project
(Wednesday, March 15, 2017) Spokesmen for Oman Oil and Credit Agricole didn't respond to requests for comment.
Middle East Gasoline Boom Stirs Sales Fight From Europe to Asia
(Wednesday, March 15, 2017) European refiners are set to lose out as newer rivals from the Middle East, India and China vie with them for sales, according to consultants Wood Mackenzie Ltd. and FGE.
Saudi Aramco to Resume Oil Product Shipments to Egypt Soon
(Wednesday, March 15, 2017) Saudi Aramco will resume oil product shipments to Egypt some six months after halting them suddenly, the Egyptian Petroleum Ministry said on Wednesday, signalling a potential thaw in relations after months of tension.
Japan's Toyota to Look at Saudi Production as Countries Seek Closer Ties
(Tuesday, March 14, 2017) Saudi Aramco and Japan's biggest oil refiner JX Nippon Oil & Energy also agreed to consider a refinery joint venture in a third country and cooperation in trading and technology of oil and petrochemical products.
Despite Sanctions Relief, Shell Still Cool on Iranian Oil Buys
(Friday, March 10, 2017) Royal Dutch Shell has bought only three cargoes of Iranian oil since sanctions were eased a year ago, a small fraction of what it used to buy and an indication of the legal difficulties and high prices that still hamper the trade.