Wednesday 27 July 2016
 
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Oil Exports

Libya oil exports threatened as NOC warns against port deal

Libya's hopes to boost crude exports have been dealt a blow after the head of the National Oil Corporation (NOC) objected to a deal between the government and local guards to reopen key ports. In a letter seen by Reuters to UN

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Saudi to build shipbuilding complex

Saudi Arabia will build a maritime complex on its east coast, with shipbuilding capability, to support oil exports, a report said. The kingdom also will have a shipping fleet that will match its oil capabilities, Energy Minister K

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Saudi to build shipbuilding complex

Saudi Arabia will build a maritime complex on its east coast, with shipbuilding capability, to support oil exports, a report said. The kingdom also will have a shipping fleet that will match its oil capabilities, Energy Minister K

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80pc of oil deals with Europe operational: Iran

Some 80 per cent of Iran's oil contracts with Europe are operational, Iran's oil export chief said on Saturday according to the ministry's news agency Shana, adding Tehran was continuing talks with major European oil compani

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Tanker begins delayed oil loading at Libya's Hariga

A tanker that had been blocked for three weeks in a stand-off over oil exports at the eastern Libyan port of Marsa Al-Hariga entered the port and began loading on Thursday, officials said. The Seachance, which had been waiting to

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Iran struggles to find enough ships for oil exports

Iran faces a struggle to increase oil exports because many of its tankers are tied up storing crude, some are not seaworthy, and foreign shipowners remain reluctant to carry its cargoes. Tehran is seeking to make up for lost trade

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Iran to boost refining capacity to 3.1mbpd

Iran plans to add 1.8 million barrels per day (mbpd) to its refining capacity which will reach 3.1 mbpd when several ongoing refinery projects begin operations, a report said. Some of these projects are underway in Persian Gulf St

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Iran oil exports ‘still facing constraints’

Iran still faces constraints on oil exports as buyers are cautious about boosting trade immediately because of banking and ship insurance difficulties, a senior Iranian oil official said, despite seeing a "tangible" rise in shipments t

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Iran boosts oil exports by 500,000 bpd

Iran has increased oil exports by 500,000 barrels per day since international sanctions against Tehran were lifted in January, a top official said on Saturday. "As we had promised, we managed to increase our exports by 500,00

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Insurance snags holding up Iran oil exports to Europe

Efforts by Iran to start exporting oil to Europe are being held up as foreign tanker owners are still struggling to secure insurance for cargoes, leading shipping players said. A nuclear deal between world powers and Iran earlier

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