Middle East
Honda at fault in complaint over Pakistan gasoline, oil companies say
ISLAMABAD (Reuters) — A body representing oil companies in Pakistan said Honda Motor Co, which has blamed local gasoline companies for damage to engines in one of its vehicle models, appears to know the engines are incompatible with Pakistani fuel standards and need to be calibrated.
Saudi Aramco to push back shutdown at Ras Tanura refinery
(Reuters) — Saudi Aramco is expected to shut down its condensate splitter at its Ras Tanura refinery by the end of November for a month for planned maintenance work, two industry sources said, later than originally planned.
Italy seizes 100 t of diesel on ship sailing from Libya
ROME (Reuters) — Italian police said on Saturday they had seized more than 100 t of contraband diesel from a ship which set sail from Libya and arrested the captain for smuggling and money-laundering.
ABB teams up with Saudi firm Arkad for turnkey oil and gas projects
ZURICH/KHOBAR, Saudi Arabia (Reuters) — Swiss engineering conglomerate ABB is putting its turnkey projects arm for the oil and gas industry into a joint venture majority owned by Saudi Arabia's Arkad Engineering & Construction, as ABB seeks to "optimize" its business portfolio, the company said on Monday.
Oil near 2-yr high as tightening market attracts buyers
AMSTERDAM (Reuters) — Oil prices rose on Friday, nearing their highest levels in more than 2 yr, with buyers attracted by expectations of an extension to a global pact to cut output that has reduced oversupply.
Petronas, Aramco to finalize RAPID deal after resolving 'technical issues'
KUALA LUMPUR (Reuters) — Malaysian state energy company Petronas and Aramco are facing "technical issues" in finalizing the Saudi oil major's $7 B investment in a refinery project, but the deal will be completed soon, state news agency Bernama reported on Friday.
Puma Energy expands operations into Pakistan
KARACHI, PAKISTAN — Puma Energy, the globally integrated midstream and downstream energy company, has successfully concluded an agreement with the Chishti Group to acquire 51% interest in Admore Gas Pvt. Ltd (Admore).
Honda says fuel from Shell, Total, PSO harms engines in Pakistan
ISLAMABAD (Reuters) — Pakistan's state oil and gas regulator said on Thursday it would investigate a complaint that fuel suppliers including local units of Shell and Total as well as Pakistan State Oil (PSO) had added manganese to their gasoline.
Egypt gasoline consumption fell 4.2% in July–Sept
CAIRO (Reuters) — Gasoline consumption in Egypt fell by 4.2% and diesel consumption by 7.1% in the first quarter of the 2017–2018 fiscal year, which began in July, the oil minister said.
Oil flat, erases gains as US crude draw shy of API report
NEW YORK (Reuters) — Oil prices were steady in see-saw trade on Wednesday, hitting their highest since mid-2015 and then retreating after US government data showed that the latest weekly draw in domestic crude stocks was not as big as an industry trade group had reported.
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