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Iraq and Iran sign Kirkuk oil export contractIraq and Iran have signed an agreement to export up to 60,000 barrels of oil per day from the fields of Kirkuk to Iran. The rate of exports can be increased through the basin until the completion of the extension of an oil pipelin More… |
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Kuwait signs $2bn-per-year oil export dealKuwait signed a deal to export 100,000 barrels of oil per day (bpd) with a major refiner, with a potential annual return of $2 billion, state news agency KUNA reported on Wednesday. "The contract is one of the important strat More… |
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US on verge of lifting 40-year oil export banThe US appears on the brink of ending a four-decade ban on most exports of crude oil, which would end a years-long fight brought about by a boom in domestic shale output that contributed to a supply glut and depressed prices. The More… |
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Oil export port in Libya still closed over strikeLibya's Hariga oil export port is still closed due to a strike by security guards demanding salary payments, a port official said on Monday. "There are talks with the guards to end the protest but the port is still closed More… |
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US must decide on crude export ban: IEA chiefThe United States must decide soon whether to overturn its nearly 40-year ban on oil exports or it risks inhibiting output from the domestic drilling boom, the executive director of the International Energy Agency said on Tuesday. More… |
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Libyan leader says will not reopen oil portsThe leader of an autonomy movement in eastern Libya said on Sunday he will not order his militia troops to end the blockade of several oil-exporting ports. "We will not reopen the ports," Ibrahim Jathran told reporters, More… |
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Setback for Iraqi oil exportsIraq's oil exports from its southern ports have slowed so far in September and may fall further until mid-October due to maintenance, according to shipping data and industry sources, tightening supply from Opec's second-largest producer. More… |
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Bad weather cuts Iraq South oil exportsBad weather cut oil exports from Iraq's Basra ports to 864,000 barrels per day (bpd) on Saturday from 2.23 million bpd a day earlier, a shipping source said. "High winds in the Gulf are disrupting loading operations and p More… |
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Cyber 'attack' hits Iran oil industryIran is investigating a suspected cyber attack on its main oil export terminal and on the Oil Ministry itself, Iranian industry sources said on Monday. A virus was detected inside the control systems of Kharg Island, the country's lar More… |
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Iraq targets 200,000 bpd oil export jumpIraq aims to boost oil exports by 200,000 barrels per day next month after it opens up a new Gulf outlet, a senior Iraqi oil official said, freeing Baghdad to export all the extra barrels foreign oil companies are extracting from its giant fields. More… |
