Monday 25 May 2015
 
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US drivers yield 'swing' oil demand crown to Saudis

As the United States raced over the past five years toward becoming a global petroleum powerhouse, the world's biggest oil exporter Saudi Arabia quietly seized a market milestone from America: the largest source of peak summer demand.

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Arab team explores opportunities in Brazil’s Amazonas

A high-profile Arab delegation recently explored trade and investment opportunities between Amazonas, the largest state in Brazil and Arab countries, according to the Arab-Brazilian Chamber of Commerce (ABCC). The delegates compri

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Iran, Indonesia in oil export, power plant construction deal

Iran and Indonesia have signed a deal on oil export and the construction of a power plant and a refinery in the Southeast Asian country, according to a report. Indonesia sought the co-operation of Iranian contraction in the renova

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Halt to Libya's Zueitina oil port, linked fields cuts output

All crude flows to Libya's Zueitina port have stopped after protesters demanding jobs blocked a pipeline, forcing the closure of several eastern oilfields, oil officials said.   State oil firm NOC confirmed t

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Brazilian exports to Mena exceeds $1bn in March

Brazil exports $1.036 billion worth of products to the Middle East and North Africa (Mena) region in March, an increase of 1.03 per cent over the same period last year, according to latest statistics. The statistics released by Br

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Gulf petchem exports exceed 65m tonnes

Gulf petrochemical and chemical exports exceeded 65 million tonnes last year, in comparison to less than 36 million tonnes in 2006, according to an expert. Mohammad Husain, president and chief executive officer, Equate Petrochemic

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Gulf petchem exports exceed 65m tonnes

Gulf petrochemical and chemical exports exceeded 65 million tonnes last year, in comparison to less than 36 million tonnes in 2006, according to an expert. Mohammad Husain, president and chief executive officer, Equate Petrochemic

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Swedish wood exports to Mena region hit $797m

Sweden has exported three million cu m of wood to the Middle East and North Africa (Mena) region, valued at €750 million ($797.3 million), according to an expert. One-fourth of this export goes to the UAE estimated at €1

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Iran eyes Kuwait natural gas export deal

Iran is looking to export natural gas to Kuwait, National Iranian Gas Company chief Hamidreza Araghi said on Sunday, as he confirmed plans to begin exports to neighbouring Iraq next month. "There is capacity to export gas to

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Saudi's Yasref refinery loads first petcoke cargo

The Yasref refinery in Saudi Arabia, a joint venture between Saudi Aramco and China's Sinopec has exported its first shipment of petroleum coke, the company said.   The new 400,000 barrel per day refinery had

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