Middle East
Saudi Aramco to boost oil loading capacity with reopened terminal
DHAHRAN, Saudi Arabia (Reuters) -- State oil giant Saudi Aramco plans to launch its overhauled Muajjiz oil terminal on the Red Sea next year, lifting its total loading and export capacity to as much as 15 MMbpd, Saudi officials said.
Iran self-sufficient in petrol production, aims to export
LONDON (Reuters) -- Iran said on Sunday it was now self-sufficient in petroleum production as President Hassan Rouhani opened a refinery in the southern city of Bandar Abbas.
Iran gets positive output cut signals from OPEC, NON-OPEC states
TEHRAN (Reuters) -- Iran's Oil Minister said on Saturday OPEC and non-OPEC countries had given positive signals for an extension of output cuts, which Tehran would also back.
Dow, Aramco JV achieves commercialization of entire plastics franchise
MIDLAND, Mich. - April 27, 2017 - The Dow Chemical Company announced that its JV in the Middle East—Sadara Chemical Company—has achieved a milestone with the commercialization of Sadara’s entire plastics franchise. The start-up of Sadara’s high-pressure low-density polyethylene plant adds to Sadara’s mixed feed cracker and the three additional polyethylene trains currently in operation.
Saudi forces foil bombing attempt on Aramco fuel distribution terminal
DUBAI (Reuters) -- Saudi forces foiled an attempt from Yemen to blow up an Aramco fuel terminal in the southern Jazan province on Tuesday using a boat laden with high explosives, the interior ministry said in a statement carried by state news agency SPA.
Metso to supply emergency shutdown valves at Orpic petchem complex in Oman
Metso will supply 400 Neles emergency shutdown (ESD) valves for an ethylene cracker as part of the new Liwa Plastics Industrial Complex (LPIC) Project in Sohar, Oman.
Oil dips on doubts over OPEC's ability to reduce inventories
LONDON (Reuters) -- Oil eased on Tuesday, paring earlier gains, as doubts about OPEC's ability to reduce global crude inventories put the price on track for its six fall in seven days.
Oman plans IPOs for downstream energy firms
ABU DHABI (Reuters) -- Oman plans to offer shares in some state-owned downstream energy companies to the public, partly to raise money as low oil prices pressure its finances, Omani Oil and Gas Minister Mohammad bin Hamad al-Rumhy said on Thursday.
Saudi Arabia, Kuwait signal likely extension of oil supply cuts
ABU DHABI (Reuters) -- Leading Gulf oil producers Saudi Arabia and Kuwait gave the clearest signal yet that OPEC plans to extend into the second half of the year a deal with non-OPEC producers to curb oil supplies.
Iraq completes repairs at Basra oil jetty, loading operations resume
BASRA, Iraq (Reuters) -- Repair work at a Basra oil jetty damaged by a tanker collision last month were completed on Sunday, two officials at state-run South Oil Company told Reuters on Monday.
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