Middle East
Saudi king's Asia tour trumpets Aramco's moves downstream
SINGAPORE (Reuters) -- Saudi King Salman's lavish tour of Asia, arriving in each country on a golden escalator with 400 t of luggage, had a hardnosed marketing mission -- to cement the kingdom's place as leading oil supplier to the world's biggest consumer region.
Saudi Aramco to resume oil product shipments to Egypt soon
CAIRO (Reuters) -- Saudi Arabian state oil company Aramco will resume oil product shipments to Egypt some six months after halting them suddenly, the Egyptian Petroleum Ministry said on Wednesday, signaling a potential thaw in relations after months of tension.
China, Saudi Arabia eye $65 B in deals as king visits
BEIJING (Reuters) -- Saudi Arabia's King Salman oversaw the signing of deals worth potentially $65 billion on the first day of a visit to Beijing on Thursday, as the world's largest oil exporter looks to cement ties with the world's second-largest economy.
S.Korea's February crude imports from Iran jump 54% on year
SEOUL (Reuters) -- South Korea's crude imports from Iran jumped nearly 54% in February from a year ago as Tehran continues to ramp up output after sanctions over its disputed nuclear program were removed early in 2016.
OPEC says oil stocks still increasing, Saudis raise output
LONDON (Reuters) -- OPEC said on Tuesday oil inventories have risen despite a global deal to cut supply and raised its forecast of production in 2017 from outside the group, suggesting complications in an effort to clear a glut and support prices.
Iran leapfrogs Iraq as India's No. 2 oil supplier in February
NEW DELHI (Reuters) -- India's oil imports from Iran rose nearly 17% in February from a month earlier as refiners received less crude from key OPEC producers Saudi Arabia and Iraq after an OPEC deal to cut output, shipping data showed on Monday.
Korea's Hyundai Engineering $3.2-B Iran petchem deal awaiting funding
DUBAI (Reuters) -- An Iranian investment fund signed a deal with Korea's Hyundai Engineering Co. on Sunday for a $3.2 billion petrochemical project, which is awaiting financing by Korean banks, the oil ministry's website SHANA said.
Iraq exports 3.320 MMbpd oil in Jan, 3.269 MMbpd in Feb, ministry says
BAGHDAD (Reuters) -- Iraq's daily oil exports stood at 3.269 MMbpd in February and 3.320 MMbpd in January, the oil ministry said in an emailed statement on Thursday.
Saudi Aramco to supply full crude contract volumes to Asia
TOKYO (Reuters) -- Saudi Aramco will supply full contract volumes of crude oil to multiple Asian buyers in April, three industry sources with knowledge of the matter said.
Iraq announces increase in Kirkuk oil refinery capacity
BAGHDAD (Reuters) -- Iraq has added a processing unit to the Kirkuk oil refinery, increasing the plant's capacity by 10,000 bpd, the oil ministry said in a statement on Wednesday.
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