Saudi Aramco Discusses $10 Billion Pipeline Sale
Saudi Arabia’s oil giant Aramco is in early talks to potentially structure a deal worth more than US$10 billion to sell a part of its pipeline business to asset managers, Continue Reading
Iraq forecasts 2021 crude oil price at $50/b; proposes oil, gas reforms
Iraq has forecast the average price of its crude oil at $50/b in 2021, 23.4% higher than that which was proposed in the 2020 budget, as OPEC’s second largest producer Continue Reading
Iran to receive Iraqi medicine, staples for gas and power in bid to avoid sanctions
Iran and Iraq have agreed to settle Iraq’s energy debt to Iran through a barter deal, under which Baghdad would supply Tehran with needed medicine and staples, Iranian state news Continue Reading
OPEC’s No.2 Expects Another Weak Quarter Of Oil Prices
Iraq expects the pressure on oil prices to continue through at least the first quarter of 2021, with oil minister Ihsan Abdul Jabbar expecting the average for Brent during January-March Continue Reading
FEATURE: A year after Abqaiq attacks Saudi Aramco still seen vulnerable
Attacks on Saudi Aramco’s giant Abqaiq crude processing plant last September threatened a heart attack moment for the global oil market and the kingdom’s cherished reputation as a reliable supplier. Continue Reading
Iraq’s oil minister proposes creating Kurdish crude upstream, export company
Iraq’s oil minister has proposed creating a company to manage upstream and export operations in the semi-autonomous Kurdish region as Erbil and Baghdad hammer out an agreement to resolve their Continue Reading
Greece calls new Turkish survey mission a threat to region
ATHENS, Greece (AP) — Greece accused neighbor Turkey of undermining efforts to ease a crisis over eastern Mediterranean drilling rights Monday, after Ankara redeployed a survey vessel for new energy Continue Reading
Middle East Natural Gas Megaprojects Face Major Risks
In a new report, the Arab Petroleum Investment Corporation (Apicorp), the investment fund of the Organization of Arab Petroleum Exporting Countries (OAPEC), states that the ongoing oil market crisis and Continue Reading
Iraqi militias say they have halted anti-U.S. attacks
An array of Iran-backed Iraqi militia groups have suspended rocket attacks on U.S. forces on condition that Iraq’s government present a timetable for the withdrawal of American troops, one of Continue Reading
Iran’s rial falls to new low, as coronavirus deaths hit new high
The Iranian rial fell to a new low against the U.S. dollar on Sunday as a record daily death toll from COVID-19 compounded concerns over new U.S. sanctions which may Continue Reading