Tuesday 16 September 2014
 
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Exports

Rise in Iran oil storage to help export flexibility

A substantial increase in Iranian oil storage capacity will give the sanctions-hit country more flexibility to export crude, the International Energy Agency (IEA) said on Thursday. The United States and the European Union have imp

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Iran delays start of gas exports to Iraq due to conflict

Iran's scheduled start of gas exports to neighbouring Iraq will be delayed because of fighting between Islamic State militants and Iraqi troops, the Iranian Oil Ministry's official website Shana quoted Oil Minister Bijan Zanganeh as sa

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Iraqi Kurdistan oil shipments over 10 million barrels

Iraqi Kurdistan has shipped 10 million barrels of oil from the Turkish port of Ceyhan since May, Turkish Energy Minister Taner Yildiz said, as the autonomous region employs new tactics to establish independent oil sales in defiance of Baghdad.

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UAE’s Camel Soap expands to Germany, India

Dubai-based start-up The Camel Soap Factory has made inroads to international markets such as Germany and India, and has announced plans to enhance its global presence next year. Earlier in April, Stevi Lowmass, CEO, The Camel Soa

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Iraq oil exports average 2.375 mbpd in August

Iraq’s oil exports fell in August to an average of 2.375 million barrels per day (mbpd) from 2.442 mbpd in the previous month, officials from the state-run South Oil Company (SOC) said.   Iraq exports the b

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Saudi crude exports fall as domestic demand rises

Saudi crude exports fell in June to their lowest levels in almost three years as oil use in the country's power sector rose and local refineries processed high volumes, official data showed.   The top oil exp

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Iran's oil exports lower in July

Iran's oil exports slipped for a second month in July, yet sales remained above the limit set by the West under an interim deal aimed at curbing Iran's nuclear programme, according to sources who track tanker shipments. Iran and

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Saudi non-oil exports down 5pc in May

Saudi Arabia's imports fell an annual 5 per cent in May, the seventh drop in a row, while non-oil exports dropped 5.1 per cent, their first fall since March 2013, data from the Central Department of Statistics and Information showed on Wedne

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ME to play key role in Taiwan growth

The Middle East region has a significant role to play in Taiwan's dynamic and export-driven economy, said a top official of the Asian country. With foreign trade a major thrust of Taiwan's development, the Middle East is w

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Opec oil output slips by 70,000 bpd in June

Opec's oil output has fallen in June from May's three-month high, a Reuters survey found on Monday, as fighting in Iraq closed its largest oil refinery and technical problems slowed its southern exports. The slight decline

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