Thursday 2 October 2014
 
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Exports

Iraqi Kurds ship 13.7m barrels of oil since May; earn $1.3bn

Iraqi Kurdistan has shipped a total of nineteen tankers carrying 13.7 million barrels of crude oil since May via a pipeline to Turkey's Mediterranean port of Ceyhan, a Turkish energy official told Reuters.  

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Saudi Q2 GDP growth down to 3.8pc on oil slowdown

Saudi Arabia's economic growth eased to an annual 3.8 per cent in the second quarter of 2014, the lowest rate in a year, because of a slowdown in the oil sector, official data showed on Wednesday. But the first-quarter growth

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Iraq exports more oil from southern terminals far from conflict

Iraq's oil exports from its southern terminals on the Gulf, far from the fighting in its north, have increased so far this month as bad weather and logistical delays subsided, approaching a record high reached in May.  

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Saudi July oil exports steady, power use offsets higher output

Saudi crude exports remained steady in July as oil use in the country's power sector surged to a near record high, offsetting higher output, official data showed.   The world's top oil exporter and Opec h

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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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