Oil
President & CEO Amin Nasser: Attacks will not delay the IPO of the company on schedule

During his visit to places of terrorist attacks on Aramco facilities, Saudi Aramco president & CEO, said: “We are gratified that there were no injuries. I would like to thank all teams that...

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China plans to invest $10 billion in LNG

Japan’s public and private sectors are planning to invest about $10 billion to encourage wider use of liquefied natural gas (LNG) worldwide.   Japanese Industry Minister Aisho Sugawara is...

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Severe differences between Baghdad and Erbil over exporting Kurdistan oil

The Kurdistan region is floating above 45 billion barrels of oil reserves, about a third of Iraq’s 142.5 billion barrels. Kurdistan reserves exceed those of major oil members of OPEC. The...

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Incidental imbalances in Saudi supplies test US ability to close gap

Following the September 14 attacks on oil infrastructure in Saudi Arabia, Will Scargill, Managing Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers his view on the...

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Iraqi crude oil exports 3.6 million barrels per day in August 2019

Iraqi crude oil exports raised to 3.6 million barrels per day in August 2019, from 3.56 million bpd the July, the oil ministry said in a statement.   Exports from the southern Basra terminals...

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Iraqi Oil Minister: Restructuring the energy sector in general

Prime Minister for Energy Affairs and Iraqi Oil Minister (Thamer Ghadhban) stressed his country’s keenness to develop the energy sector in Iraq according to the latest scientific programs and...

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Saudi Arabia to separate industry and mineral wealth from the Ministry of Energy

Through recent royal orders aiming at dividing the tasks and focus on developing the Saudi economy, Saudi Arabia announced the independence of the energy sector in the ministry from the industry and...

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Following the attacks on Saudi oil installations, the IEA reassures oil markets about supplies

  The Director General of the International Energy Agency (IEA), Fatih Birol, welcomed the statement of Saudi Energy Minister Prince Abdulaziz bin Salman on the return of Saudi oil supplies to...

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The International Energy Agency cuts its estimates for global oil demand growth in 2019 and 2020

Amid growing signs of an economic slowdown that has reduced consumption growth to low levels; the International Energy Agency (IEA) lowered its estimate of global oil demand growth in 2019 by 100,000...

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China-Kazakhstan pipeline transports 6 million tons in first half of this year

PetroChina West pipeline Company announced that the oil pipeline between China and Kazakhstan transferred 5.59 million tons of crude oil to China in the first half of this year 2019.  With a total...

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