Russia, Iran agree to expand cooperation in oil and gas industry March 29, 2017 // 1 Comment Russia and Iran have agreed to expand their economic cooperation in the oil and gas industry. During Iranian President [...]
US EIA: US daily crude oil exports in 2016 12% higher than previous year March 29, 2017 // 3 Comments The US exported an average of 520,000 barrels of crude oil per day in 2016, which is 12% or 55,000 barrels more than what [...]
Hurricane Energy discovers ‘largest undeveloped’ oil in UK Continental Shelf March 29, 2017 // 2 Comments North Sea oil exploration company Hurricane Energy has discovered what it describes as the “largest undeveloped” oil [...]
OPEC, non-OPEC producers to review oil supply cut extension March 27, 2017 // 0 Comments Members of the Organization of Petroleum Exporting Countries (OPEC), along with other non-OPEC nations, will consider an [...]
China’s Sinopec buys its first major refinery, other oil assets in Africa March 24, 2017 // 1 Comment Asia’s largest oil refiner, China Petroleum and Chemical Corp (Sinopec) purchases its first major oil refinery in Africa [...]
Saudi Arabia signs multiple deals worth US$65 bn with Chinese firms March 22, 2017 // 1 Comment Saudi Arabia’s King Salman recent visit to China oversaw the signing of deals worth as much as US$65 billion as the [...]
Opal launches India’s largest petrochemical plant March 20, 2017 // 2 Comments India’s ONGC Petro additions Limited (OPaL), a joint venture company incorporated in 2006 between Oil and Natural Gas [...]
Iran to increase crude oil exports to Europe to reach 800,000 bpd March 20, 2017 // 0 Comments Iran is expecting to increase its export of crude oil to Europe within the next two months to as high as 800,000 barrels per [...]
Sabic/Sinopec study feasibility of projects in China/Saudi Arabia March 17, 2017 // 1 Comment Riyadh-headquartered petrochemicals firm Sabic and Chinese firm Sinopec have signed an agreement to study joint venture [...]
Japanese oil firm considers setting up refineries in Saudi Arabia March 13, 2017 // 3 Comments As part of the broader economic cooperation between Japan and the Kingdom of Saudi Arabia during King Salman’s current [...]