Middle East
Pakistan orders Shell subsidiary to pay $2.4 MM for tanker blast
ISLAMABAD (Reuters) — Pakistan's oil and gas regulator on Friday ordered a subsidiary of Royal Dutch Shell to pay about $2.4 MM in damages and compensation for a tanker explosion that killed more than 200 people.
Saudi Aramco's 2016 oil reserves slip, gas up
KHOBAR, Saudi Arabia (Reuters) — Saudi Aramco said on Thursday its recoverable crude oil and condensate reserves slipped to 260.8 Bbbl at the end of 2016 but its daily crude oil production hit a new record of 10.5 MMbpd.
Saudi Arabia tightens its grip on Japan, its biggest Asian oil market
SINGAPORE/TOKYO (Reuters)— Saudi Arabia has boosted its market share in Japan, the world's top oil exporter's biggest Asian market, by selling more light crude to the country as a way to offset revenue lost implementing OPEC's production cuts.
Saudi Aramco, Hyundai Heavy to make engines and pumps together
DUBAI (Reuters) — National oil giant Saudi Aramco said it had signed a memorandum of understanding with South Korea's Hyundai Heavy Industries to make engines and marine pumps in the kingdom.
Pakistan State Oil seeks 905 Mt of oil products for September
SINGAPORE (Reuters) — Pakistan State Oil is seeking 905,000 t of gasoline and fuel oil for September, three tender documents showed on Wednesday.
Saudi Aramco, France's Total study mixed feed cracker
KHOBAR, Saudi Arabia (Reuters) — Saudi Aramco and France's Total are considering building a mixed-feed cracker and derivatives in Jubail, near their joint refining complex, industry sources said.
Total nears deal to invest up to $2 B in Iran's petrochemical industry
LONDON (Reuters) — Total and Iran have reached a preliminary agreement to build three petrochemical plants in a deal that if finalized could see the French oil major investing up to $2 B in Iran, an Iranian oil industry official said on Tuesday.
OPEC oil output jumps to 2017 high as Nigeria, Libya pump more
LONDON (Reuters) — OPEC oil output has risen in June by 280,000 bpd to a 2017 high, a Reuters survey found, as a further recovery in supply from the two member countries exempt from a production-cutting deal offset strong compliance by their peers.
S.Korea's GS E&C wins $865-MM order to rebuild ADNOC's fire-hit refinery
SEOUL/SINGAPORE (Reuters) — Abu Dhabi demand for gasoline is expected to stay firm after its plans to restart a gasoline-making secondary unit at its Ruwais refinery were delayed by about a year into early 2019.
Iran's July crude exports set to fall from June-source
TOKYO (Reuters) — Iran's crude oil exports in July are set to fall 7% from this month's three-month high, mainly due to a decline in exports to Europe, a person with knowledge of the Middle Eastern country's tanker loading schedule said.
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