Exemptions are only helping Iran’s sanctions busting
Nearly a year has passed since the US implemented economic, financial and trade sanctions on Iran covering key sectors, while those on its oil and gas industry took effect last Continue Reading
Saudi Aramco to Buy Majority Stake in Petrochemicals Producer Sabic for $69.1 Billion
Saudi Arabia’s national oil company has agreed to buy a 70% stake in Saudi Basic Industries Corp., the kingdom’s petrochemicals firm, for $69.1 billion, giving Crown Prince Mohammed bin Salman’s Continue Reading
LNG Is Finally Taking Off In Egypt
What a difference just a few years can make. After more than a decade of uncertainty for Egypt’s natural gas sector, leading even to importing LNG for years, Cairo is Continue Reading
U.S. approved secret nuclear power work for Saudi Arabia
U.S. Energy Secretary Rick Perry has approved six secret authorizations by companies to sell nuclear power technology and assistance to Saudi Arabia, according to a copy of a document seen Continue Reading
February production falls as OPEC cuts begin to bite
Iraq’s total oil production fell by about 70,000 barrels per day (bpd) in February as the government took measures to cut output in line with an OPEC agreement. The federal Continue Reading
Uncovering Iran’s sanctions-busting sale of fuel oil on the high seas
It was a quiet day in January, and many oil traders were still on holiday, when two sources in the industry called to alert me to something unusual – a Continue Reading
Saudi Aramco to Buy Majority Stake in Petrochemicals Producer Sabic for $69.1 Billion
Saudi Arabia’s national oil company has agreed to buy a 70% stake in Saudi Basic Industries Corp., the kingdom’s petrochemicals firm, for $69.1 billion, giving Crown Prince Mohammed bin Salman’s Continue Reading
The World’s Largest Oil Company And Petrochemical Company Merge
The long awaited Saudi Aramco acquisition of Saudi Basic Industries Corporation (SABIC) is finally here. With a statement to the press, Aramco CEO Amin Nasser reported that Aramco has acquired Continue Reading
U.S. Squabbles Over New Iran Sanction Waivers
US sanctions on Iran’s oil sector and the waivers of said sanctions are causing rifts among the US administration—pitting the National Security Council and the US State Department against each Continue Reading
A “Perfect Coup’’ Is Unfolding In Algeria
The ongoing unrest in one of North Africa’s largest oil and gas producers Algeria is reaching boiling point. After weeks of protests from the opposition, aimed at blocking the possible Continue Reading