Iraq has agreed a deal with the semi-autonomous Kurdistan Regional Government to resume crude oil exports through its pipeline to Turkey, halted since last July, local media quoted Prime Minister Continue Reading
In the long-term, many oil analysts expect the world to become increasingly dependent on oil production from the Middle East, as U.S. shale fades in importance. However, geopolitical turmoil is Continue Reading
An Iraqi-Iranian oil swap deal under which Iraq would truck 60,000 bpd of Kirkuk oil to Iran in exchange for Iranian oil to southern Iraq cannot be currently fully implemented Continue Reading
Iraq is in talks with Chevron Corp about the Majnoun oilfield, an Iraqi oil ministry official said on Tuesday. The official, Abdul Mahdi al-Ameedi, head of the ministry’s licensing and contracts Continue Reading
French oil major Total is interested in bidding to build the greenfield 150,000 barrels per day Nassirya oil refinery in Iraq, according to two sources familiar with the matter. The refinery Continue Reading
King Salman (C) acceded to the throne in 2015 Saudi Arabia has sacked its top military commanders, including the chief of staff, in a series of late-night royal decrees. Saudi Continue Reading
For the next 40 years, Japanese energy company INPEX said it would play a role in the development of oil reserves off the coast of the United Arab Emirates. INPEX said Continue Reading
American shale fields have flooded the oil market with crude, allowing the United States to import less from the Organization of the Petroleum Exporting Countries, which is led by Saudi Continue Reading
State-run Saudi Aramco has agreed to supply China’s Huajin Chemical Industries Group Corp 12 million barrels of crude oil under an annual deal for 2018, up sharply from last year, Continue Reading
Over the years, America’s involvement in the strife-ridden politics of the Middle East has brought a lot of heartache. By one measure, however, Americans’ luck in the Middle East has Continue Reading
