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Oil Nears $80 per Barrel by Decrease Iranian Production
Oil Nears $80 per Barrel by Decrease Iranian Production Austria >> 9/5/2018 - The price of OPEC basket of fifteen crudes stood at $76.32 a barrel on Tuesday, compared with $75.77 the previous day, according to OPEC Secretariat calculations. ...
Sakhalin Energy Offloaded the 600th Standard Oil Cargo Since the Beginning of Year-Round Production
Russia >> 8/14/2018 - Sakhalin Energy offloaded the 600th standard oil cargo since the beginning of year-round production 10 years ago in December 2008 Sakhalin Blend cargo was dispatched to China's Sinochem – a long-term ...
Signature of Memorandum of Understanding Between Niger and Nigeria
Niger >> 7/24/2018 - Savannah Petroleum PLC, the British independent oil and gas company focused around oil and gas activities in Niger and Nigeria, is pleased to note the signature earlier of a Memorandum of Understandin...
OPEC Producers Key to World Supply through to 2040
Austria >> 7/16/2018 - Global natural resources consultancy Wood Mackenzie sees OPEC maintaining its role as a key oil supplier through to 2040, although output from non-OPEC producers will help ensure adequate supply in th...
Saudi Aramco to Supply Egyptian Refineries for Another Six Months
Saudi Arabia >> 6/19/2018 - Saudi Aramco, the world’s largest oil producer, agreed to supply Egyptian refineries with crude oil for another six months from July, Egypt’s Petroleum Minister Tarek El Molla said. ...
Indian Oil Company Receives Lower Zakum Shipment
United Arab Emirates >> 6/10/2018 - A landmark agreement signed in February between the UAE and India expanding their bilateral energy relationship has started bearing fruit. ...
Repsol Encourages US Rage with First Purchase of Iranian Oil
Iran >> 6/9/2018 - Iran’s oil exports hit a new record in May which also saw the country sell its first cargo from West Karoun to Spain’s Repsol. National Iranian Oil Company exported 2.4 million barrels per day (bpd) o...
Kenya Launches Pilot Oil Export Scheme via Mombasa
Kenya >> 6/3/2018 - Kenya has launched a pilot scheme to export crude oil via Mombasa as part of efforts to capitalise on the country’s oil reserves. ...
Kenya Oil Production on Course after Agreement on Revenue Share
Kenya >> 5/19/2018 - Kenya will start the small scale export of crude oil from its fields in the far northern county of Turkana in June after an agreement on how to share the revenue, averting delays, the presidency said ...
Echo Energy Announce First Oil Export Cargo
Argentina >> 4/18/2018 - Echo Energy plc, the Latin American focused upstream oil and gas company, is pleased to announce that its first export cargo of oil was loaded from the Punta Loyola terminal, Rio Gallegos, on to the N...
Petrogress Announces Supply Agreement Expanding Operations into Ghana
Ghana >> 3/20/2018 - Petrogress, Inc. announces that its Petrogress Co. Limited (“PGL”) subsidiary has entered into a Partnership Agreement with Platon Gas Oil Ghana Limited, a limited liability company incorporated in Gh...
Iraq to Reduce Oil Products Imports by 25%
Iraq >> 3/12/2018 - Mr. Jabbar Ali Al-Luiebi the minister of oil ordered to reduce the importation of the oil Derivatives by 25% to save money to the federal budget. ...
PetroChina Is Said to Agree to 2018 Deal to Lift Libya Oil
Libya >> 3/1/2018 - PetroChina Co. agreed to an annual contract to buy Libyan crude after similar deals by oil majors like Royal Dutch Shell Plc and BP Plc, underscoring a recovery in the North African country’s producti...
Saudi Aramco to Supply Egyptian Refineries for 6 Months
Saudi Aramco to Supply Egyptian Refineries for 6 Months Egypt >> 3/1/2018 - Saudi Aramco, the world’s largest oil producer, agreed to supply Egyptian refineries with crude oil for six months, starting January 2018, Egypt’s Petroleum Minister Tarek El Molla told Reuters. ...
ADNOC Signs Agreement with Chemlube S.A. for Base Oil Sales in Europe
United Arab Emirates >> 2/22/2018 - The Abu Dhabi National Oil Company (ADNOC) has concluded an exclusive agreement with Chemlube S.A., appointing the Switzerland based company as the exclusive seller of its Group III Base Oil product i...
BP and Energean Extend Long-Term Offtake Agreement for Prinos Field
Greece >> 2/12/2018 - Energean Oil & Gas is pleased to announce the extension of the Prinos long-term offtake agreement with BP Oil International Limited (“BP”) until 1 November 2025. All of the Group’s production of crude...
Egypt & Kuwait Discuss Boosting Cooperation in Oil Field
Egypt & Kuwait Discuss Boosting Cooperation in Oil Field Egypt >> 2/2/2018 - Petroleum Minister Tareq el Molla discussed in a meeting with CEO of Kuwait Petroleum Corporation (KPC) Nizar Mohammad Al Adsani ways of boosting bilateral cooperation and available investment opportu...
Oil Steady as OPEC Compliance Offsets Robust U.S Output
United States >> 2/1/2018 - Oil prices pared early gains to stay little changed on Thursday as OPEC’s strong compliance with a supply reduction pact offset news that U.S. production topped 10 million barrels per day (bpd) for th...
S-Oil Sells $1.8B Worth of Diesel, Naphtha to Saudi Aramco's Trading Arm
Saudi Arabia >> 1/31/2018 - S-Oil Corp, South Korea’s third-biggest refiner, has signed a contract to sell a total of 1.944 trillion won ($1.82 billion) of oil products including diesel and naphtha to Saudi Aramco’s trading arm....
Shell & BP to Buy Libyan Oil as Country Recovers
Libya >> 1/17/2018 - Royal Dutch Shell Plc and BP Plc agreed to annual deals to buy Libyan crude, underscoring how the North African country’s recovering production and improving security are enticing some of the world’s ...

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