Australian fund buys oil storage terminal in UAE January 29, 2018 // 1 Comment Australia-based Prostar Capital has bought a storage terminal in the key Fujairah oil hub in the United Arab Emirates, said [...]
We don’t practice any discrimination measures against palm oil in Malaysia – French envoy January 29, 2018 // 2 Comments France does not practise any discrimination measures against palm oil, in fact, the European country is ready to explore the [...]
Venezuela presiding over OPEC in 2018 January 24, 2018 // 2 Comments Venezuela has assumed the rotating presidency of the Organization of Petroleum Exporting Countries (OPEC), Venezuelan Oil [...]
Malaysia to subsidise oil palm farmers to diversify as EU moves to ban import of palm oil biofuels starting 2021 January 22, 2018 // 4 Comments Malaysia’s Sarawak state government will subsidise oil palm smallholders in diversifying into other crops to mitigate the [...]
India’s ONGC set to purchase majority stake in refiner HPCL for US$5.78 billion January 22, 2018 // 4 Comments India’s biggest explorer Oil and Natural Gas Corp (ONGC) has agreed to purchase the government’s majority stake in [...]
Vitol reaches US$530 million deal with Nigeria’s Shoreline to finance oilfield in exchange for oil access January 19, 2018 // 3 Comments Vitol, the European trading house, has reached a US$530 million deal with Nigeria’s Shoreline to finance an oilfield in [...]
Venezuela’s oil output sank to decades low in 2017 January 19, 2018 // 2 Comments According to figures released by the OPEC recently, oil production in Venezuela plummeted nearly 13 % last years, hitting a [...]
Burning Iranian oil tanker Sanchi finally sinks January 15, 2018 // 3 Comments A burning Iranian oil tanker that had drifted into Japan’s exclusive economic zone has sunk after a collision on January [...]
11 men charged with oil-theft at Shell’s refinery January 10, 2018 // 1 Comment Eleven men were charged in a Singapore court recently in connection with a large-scale oil theft at Shell’s biggest [...]
Malaysia’s Petronas to grow non-fuel contribution to downstream business January 8, 2018 // 0 Comments Petronas is looking to increase the non-fuel segment contribution to its downstream business this year, in line with most [...]