Oil News

Iraq Minister of Oil Receives the Algerian Minister of Energy and Mining
Iraq >> 2/25/2024 - The Deputy Prime Minister for Energy Affairs and Minister of Oil, Mr. Hayan Abdel Ghani, received today, Sunday, the Algerian Minister of Energy and Mining, Mr. Mohamed Arkab.

During the me...
Bahrain Oil Minister Recieves Outgoing Italian Ambassador
Bahrain >> 2/15/2024 - Dr. Mohammed bin Mubarak Bin Daina, Minister of Oil and Environment and Special Envoy for Climate Affairs, received Paola Amadi, the outgoing Italian Ambassador to Bahrain.

The minist...
QatarEnergy announces 10-year condensate supply agreement with Mitsui & Co
Qatar >> 2/4/2024 - QatarEnergy has announced a long-term condensate supply agreement with Mitsui & Co. Energy Trading Singapore Pte. Ltd., a wholly owned subsidiary of Mitsui & Co. Ltd. (“Mitsui”), a global conglomerate...
CBN's Takeover of Sales Proceeds From NNPCL Illegal - Atiku
Nigeria >> 2/2/2024 - Former vice president Atiku Abubakar has said the directive by the federal government for the Central Bank of Nigeria (CBN) to take over the responsibility for crude oil sales proceeds from the Nigeri...
KazTransOil Plans to Transit 550 Thousand Tons of Russian Oil to Uzbekistan
Uzbekistan >> 1/26/2024 - In 2024, the volume of transit of Russian oil through the territory of the Republic of Kazakhstan to the Republic of Uzbekistan will increase from the planned 500 thousand tons to 550 thousand tons....
Angolan Oil Exports Increased in the Last Quarter of 2023
Angola >> 1/25/2024 - Angolan oil transactions on the international market reached a volume of around 103 thousand and 100 barrels of Crude Oil, valued at 8.6 billion USD, which represents an increase of 3 percent compared...
Sinopec Ranks among Singapore's Top Three Marine Fuel Oil Suppliers
China >> 1/24/2024 - The Maritime and Port Authority of Singapore announced the ranking of 41 marine fuel oil suppliers in Singapore in 2023. Sinopec Fuel Oil (Singapore) Company ranked third, among the three largest mari...
Bahrain Oil Minister Inaugurates 10th BBTC MENA 2024
Bahrain >> 1/23/2024 - Mohammed bin Mubarak Bin Daina, Minister of Oil and Environment and Special Envoy for Climate Affairs, inaugurated the 10th edition of the Bottom of the Barrel Technology Conference (BBTC MENA).
The Transportation Volume by KazTransOil in 2023 Amounted to 44M &188 Thousand Tons
Kazakhstan >> 1/19/2024 - KazTransOil JSC summed up production results for 2023. During the reporting period, the planned indicators for oil transportation and turnover were achieved.

The volume o...
QatarEnergy Announces Five-year Crude Supply Agreement with Shell
Qatar >> 12/28/2023 - QatarEnergy has announced a five-year crude oil supply agreement with Shell International Eastern Trading Company, Singapore (Shell).

The agreement stipulates the supply of up to 18 million...
Drop in EU Imports of Energy Products in Q3 2023
United States >> 12/22/2023 - In the third quarter of 2023, the EU imported €35.4 billion worth of energy products amounting to a total of 65 million tonnes. Compared with the same quarter of 2022, imports decreased both in value ...
KazTransOil in Georgia Will Increase the Transshipment of Fuel Oil for 30%
Kazakhstan >> 12/20/2023 - Batumi Oil Terminal LLC (100% participation share KazTransOil JSC) plans to increase the volume of transshipment of Kazakh fuel oil through the Batumi oil terminal to 90 thousand tons per month in Dec...
COSCO Takes Multiple Measures to Ensure Supply of Shipping Fuel in Winter
China >> 12/20/2023 - As the end of the year is approaching, China Shipbuilding Industry Corporation will continue to adhere to its professional and high-quality service support capabilities and make every effort to promot...
Bahrain Oil Minister Participates in OAPEC Meeting
Bahrain >> 12/16/2023 -  Dr. Mohammed bin Mubarak Bin Daina, Minister of Oil and Environment and Special Envoy for Climate Affairs, participated in the meeting of the Council of Ministers of the Organisation of Arab Petroleu...
Enserva’s 2023-2024 Fall State of the Industry Report Forecasts Oil & Gas Prices
Canada >> 12/14/2023 - Enserva released its Fall 2023-2024 State of the Industry Report (the “Report”), providing trends, insights and an overall outlook for the oil and gas and drilling services sector moving into 2024. ...
Gulf Keystone Announces Operational & Corporate Update
Iraq >> 12/13/2023 - Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq, today provides an operational and corporate update.

Jon Harris, Gulf Keystone’s Chief Executive...
The Volume of Kazakh Oil Exports from the Port of Aktau Increased by 50%
Kazakhstan >> 12/11/2023 - KazTransOil JSC (a subsidiary of NC KazMunayGas JSC) exported 3 million 62 thousand tons of Kazakh oil from the port of Aktau for 11 months of 2023, which is 1 million 14 thousand tons, or 50% more ...
ICE Extends Transfer Fee Waiver for Houston Crude by 12 Months
United States >> 12/4/2023 - Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, today announced that Enterprise Products Partners L.P. (NYSE: EPD) and ONEOK, Inc...
Oman Signs Oil Supply Deal with ITOCHU
Oman >> 11/30/2023 - Under the patronage of H.E. Salim Bin Nasser Al-Aufi, Minister of Energy and Minerals, the celebration of the fifth anniversary of the commercial partnership between the Ministry of Energy and Mineral...
Energy Transfer & TotalEnergies Signs HoA for Crude Offtake from Blue Marlin Project
United States >> 11/16/2023 - Energy Transfer LP (ET) announced it has entered into a non-binding Heads of Agreement (HOA) with TotalEnergies related to term crude oil offtake from its proposed Blue Marlin Offshore Port for 4 mill...

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