MEOG - Middle East Oil & Gas
Iran uses 'dark fleet' to deliver 1.8 million barrels of oil daily
An independent ship monitoring service said Iran was utilising a “dark fleet” of oil tankers to deliver nearly 1.8mn barrels of crude oil and oil products per day to its customers.
Aphrodite partners resubmit development plan to Cyprus government for East Med gas field
Turkey’s Calik Enerji to partner with Turkmengaz for construction of gas compressor station
Saipem wins two engineering jobs from Aramco
Italian engineer Saipem reported this week that it has been awarded two engineering contracts by Aramco under its long-term agreement programme. The contracts, worth around $1bn combined, relate to the Marjan, Safaniyah and Zuluf oilfields.
Oil sales bring in $19.5bn for Iran in five months, customs office says
Iran raked in $19.5bn from the exports of crude oil and mazut during the first five months of the Persian calendar year (March 20-August 21), said the head of the Islamic Republic of Iran Customs Administration (IRICA).
UAE's ADNOC appoints banks for three-tranche bond issue
UAE’s Dragon Oil, Turkmenistan discuss anticipated $10bn+ investment in Caspian Sea Cheleken concession area
Analysts lower oil price outlooks: China largely to blame
Oil industry analysts have lowered their 2024 oil price outlooks on the back of continued weak fuel demand from China as well as rising inventory levels
ADNOC set for first bond issuance in two years
Abu Dhabi National Oil Co. (ADNOC) ran a two-day bond roadshow early this week as it looks to raise debt across five-, 10- and 30-year tranches.
Turkey’s gas-hub-for-Europe ambition boosted by Shell LNG deal
Shell signs deal to supply LNG to BOTAS
Shell has signed a 10-year deal to supply LNG to BOTAS, beginning in 2027
China’s imports of Iranian crude surge to 11-year high in August
China’s imports of Iranian oil last month hit a record high of 1.75mn barrels per day in 11 years, the latest data from Belgian analytics group Kpler suggests.
Son of Iranian leader’s advisor acts as oil tycoon to sell crude, Bloomberg claims
An investigation revealed that the son of a top security adviser to Iran’s supreme leader Ayatollah Ali Khamenei had become a “kingpin” in global oil markets, even in the face of US sanctions.
Iran's supreme leader approves halving of oil revenue savings
Iran’s Supreme Leader Ayatollah Ali Khamenei has approved a government request to halve the amount of oil revenue allocated to the country's sovereign wealth fund this year, the National Development Fund of Iran.
Daleel Petroleum signs deal for Oman’s Block 15
Daleel has signed an agreement for E&P in the Oman's Block 15 concession area
MEOG: Iran progresses with gas expansion
Swiss court convicts Saudi oil firm executives in $1.8bn 1MDB fraud case
Switzerland's federal criminal court on Wednesday, 28 August convicted two top managers of PetroSaudi, a Saudi oil company, for fraud and money laundering in a scheme that siphoned at least $1.8bn from Malaysia's 1MDB state investment fund.
Qatar in talks to buy Rosneft stake in Germany's Schwedt refinery
Qatar is in negotiations with Germany over the potential purchase of Russian oil giant Rosneft’s majority stake in the German Schwedt oil refinery that Berlin placed under trusteeship in 2022.
APIKUR urges Kurdish oil exports resumption
The Association of the Petroleum Industry of Kurdistan (APIKUR) has again urged Baghdad to take immediate action to resume Kurdish oil exports.
Production boosted in Iranian oil giant after maintenance work
The National Iranian South Oil Co. (NISOC) has added 35,000 barrels of crude oil to its daily production capacity by developing and repairing 25 oil wells, a deputy at the state-owned giant said.
Yemen and Russia agree to boost cooperation in energy, other sectors
Yemen and Russia have agreed to enhance bilateral cooperation in various fields, including energy, culture, science and technology, the official Yemeni Foreign Minister Shaya Mohsen al-Zindani said on August 27.
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