Middle East
Saudi energy minister: Market to remain oversupplied by March 2018
BONN, Germany (Reuters) — The world will still have a surplus of oil by end-March next year, Saudi Arabia's energy minister said on Thursday, signaling a willingness to extend output cuts when OPEC meets at the end of November on whether to extend caps well into 2018.
Turkish, Iraqi officials discuss resuming Kirkuk oil exports
BAGHDAD (Reuters) — A Turkish energy delegation has met with Iraqi top oil officials in Baghdad to discuss issues including the resumption of Kirkuk oil exports via the Turkish port of Ceyhan, Iraq's oil ministry said in a statement on Thursday.
ADIPEC ’17: Energy sector overtaking finance as cyber-crime target in Middle East
ABU DHABI, UAE — Energy is overtaking banking and finance as a target for cyber-criminals in the Middle East, yet companies in the sector are leaving themselves significantly more open to a successful attack, leading international experts have told the Security in Energy conference in Abu Dhabi.
S.Korea's Oct crude oil imports from Iran down 9.5% on-month
SEOUL (Reuters) — South Korea's imports of Iranian crude oil fell 9.5% in October from the previous month as the Middle Eastern country cut crude and condensate exports to Asia due to production setbacks.
Burckhardt Compression awarded revamp contract at PAZ refinery
The Israeli government tightened its health, safety and environment (HSE) regulations so that they now reflect the highest level in this field. As a result, PAZ Ashdod Refinery had to revamp their existing process gas compressors for hydrogen application in order to be compliant with the new strict HSE standards.
IEA: Warmer weather may tilt oil market into surplus as demand slows
LONDON (Reuters) — Global oil demand growth looks likely to increase more slowly over the coming months, as warmer temperatures cut consumption, which may tilt the market back into surplus in the first half of next year, the International Energy Agency said on Tuesday.
ADIPEC '17: Execs discuss the changing world of LNG
ABU DHABI—On the opening day of ADIPEC, executives from the LNG sector gathered for a heavy-hitting "C-Suite Dialogues" afternoon panel discussion to answer the question: "What is the future for natural gas and LNG in a low-carbon, low-cost landscape?"
Oil steady near 2-yr highs, US supply increase caps rise
LONDON (Reuters) — The Brent oil price was steady at close to two-year highs on Monday, with support from Middle East tensions and record long bets by fund managers balanced by rising US production.
ADNOC to sell at least 10% of fuel distribution business in IPO
ABU DHABI/DUBAI (Reuters) — Abu Dhabi National Oil Company (ADNOC) aims to sell at least 10% of its fuel distribution unit in an initial public offering in Abu Dhabi, as Gulf states step up plans to privatize energy assets in an era of cheap crude.
Oman’s Duqm Refinery to seek $6 B bank funding soon
DUBAI (Reuters) — Oman's Duqm Refinery and Petrochemical Industries Co will approach banks in about two weeks for the debt financing it needs to back a $6 B refinery project, banking sources familiar with the matter told Reuters on Monday.
- Kumho Mitsui Chemicals begins operation of chlor-alkali plant using thyssenkrupp nucera technology 6/16
- MAIRE, Azerbaijan partner to increase sustainability projects in Azerbaijan 6/16
- Mitsubishi Gas Chemical, RITE partner to convert captured CO2 into methanol 6/16
- Yara Clean Ammonia supports groundbreaking ammonia bunkering pilot in Pilbara (Australia) 6/16
- Syensqo signs carbon fiber composites recycling contract with Fairmat 6/16
- OCI Global receives U.S. regulatory approval for the sale of its global methanol business to Methanex Corp. 6/16
