Latest news
Saudi Aramco, Abu Dhabi to build mega refinery in India
Saudi Aramco and Abu Dhabi National Oil Company (ADNOC) will build a new $44 billion mega refinery and petrochemicals complex in India's western port city of Ratnagiri, the companies announced Monday.
read more... 28/06/2018
Saudi Arabia to boost oil production to record high
OPEC leader Saudi Arabia is set to increase oil production to a record 10.8 million barrels per day (bpd) in July, Bloomberg reports.
read more... 27/06/2018
Protests In Iran Erupt While U.S. Sanctions Loom
A fresh wave of protests erupted in Iran over the weekend against the plunging value of the local currency and rising prices, in what some observers and analysts describe as the biggest protest in the capital Tehran since 2012, just before the previous sanctions on Iran were imposed.
read more... 26/06/2018
Angola: Eni announces a new oil discovery offshore Angola
Eni has announced a new oil discovery in Block 15/06, in the Kalimba exploration prospect, in Angola’s deep offshore. The new discovery is estimated to contain between 230 and 300 million barrels of light oil in place.
read more... 26/06/2018
U.S. Sanctions Won’t Affect Iraq-Iran Crude Oil Swap Deal
The return of the U.S. sanctions on Iran will not impact an agreement between Iran and Iraq to swap crude oil, Iraq’s Oil Minister Jabbar al-Luiebi said on Friday.
read more... 25/06/2018