Israel accuses Iran over deadly oil tanker attack
EPA Israeli Foreign Minister Yair Lapid blamed the incident on “Iranian terrorism” Israel has accused Iran of being behind an attack on an oil tanker in which two crew members Continue Reading
Kurdistan gives oil companies 18-month deadline to end gas flaring
The Kurdistan Regional Government’s Ministry of Natural Resources (MNR) has issued a directive to field operators that they have 18 months to halt the flaring of associated gas that is Continue Reading
Value Of Saudi Oil Exports Jumps 147% In May
Higher oil prices and higher exports resulted in a 147-percent jump in the value of Saudi Arabia’s oil exports in May 2021 compared to May 2020, data from the Kingdom’s Continue Reading
The Most Important Oil Project Of The Year Is Set To Go Live
Iran’s Jask oil terminal is now fully set to start loading vast quantities of crude to any major buyer in the world via the Gulf of Oman, with the first Continue Reading
Iraq Wants Other U.S. Oil Company To Replace Exxon
Iraq wants another U.S. company to replace Exxon as a shareholder in the West Qurna 1 field, one of the country’s largest after the supermajor leaves the country. “Exxon Mobil Continue Reading
Why The U.S. Wants China To Stop Importing Iranian Crude
In an attempt to increase pressure on Iran in order to push through a nuclear deal with Iran, the U.S. is considering cracking down on Iranian oil exports to China. Continue Reading
Growing Activist Pressure Puts Key Middle East Oil Deal On Hold
A UAE oil transport deal is now on hold due to environmental concerns from Israel’s environmental protection ministry following pressure from activists. The agreement between the UAE and Israel expects Continue Reading
Iraq Oil Expert: Baghdad Shouldn’t Replace Oil With Renewables
It is not in Iraq’s best interest to adopt renewable energy at the expense of fossil fuels, energy and oil expert Hamza al-Jawaheri told local Shafaq News Agency in an Continue Reading
China To Build Airport, Houses Under Oil-For-Projects Deal In Iraq
Chinese firms are set to build an airport and 90,000 houses in Iraq as part of a 2019 agreement for crude supply in exchange for projects, an Iraqi official was Continue Reading
Iraq to sell Lebanon 1 mil mt/year of heavy fuel oil in barter deal
Lebanon will resell fuel oil Iraq will get ‘goods and services’ from Lebanon Iraq has a surplus of heavy fuel oil Iraq has agreed to sell Lebanon 1 million mt/year Continue Reading