Abu Dhabi has received strong interest from international firms for participating in its largest oilfields, as it weighs continuing previous partnerships with Western oil giants or letting big Asian buyers take stakes, said a top official.
Sinochem Corp will become one of Baghdad's top oil buyers next year when the Chinese state company starts its first wholly-owned refinery, the latest example of Iraq beating Middle Eastern rivals in the competition for new markets in Asia.
Iraq plans to store 4 million barrels of crude in South Korea, the country's oil minister said on Wednesday.
"The reason we are storing it in Korea is it to be near the markets - the Asian markets," Oil Minister Abdu
Iraq has cut Kirkuk crude oil shipments by more than half in the September programme as loadings run a month behind, due mostly to leaks and attacks on the export pipeline, according to the preliminary programme and trading sources.
Crude oil flows have resumed through a pipeline running from Iraq's Kirkuk oil fields to the Mediterranean port of Ceyhan in Turkey, two officials from Iraq's North Oil Company said on Saturday.
Flows resumed on Friday at
Yemen's main oil pipeline has started pumping crude oil again after it was repaired following an attack by tribesmen late last week, oil officials said.
Tribesmen blew up the pipeline on Thursday, in the latest of a series of
The short length of track, nestled in a dark pine and birch forest in Quebec, is a regular overnight stop for freight trains hauling crude oil and other raw materials across North America.
Normally, before retiring for the night,
China's crude oil imports from Iran rose nearly 50 percent in May from April on a daily basis, customs data showed on Friday.
China, Iran's top oil customer, bought 2.36 million tonnes of Iranian crude in May, equivalent t
Major crude producer Kuwait plans to start drilling for heavy oil aiming to produce up to 60,000 barrels per day (bpd) of it by 2017, a local newspaper reported on Wednesday.
Opec member Kuwait already has a crude oil production c
Demand for Saudi crude is likely to rise over the next few months, Saudi oil minister Ali Al-Naimi told Reuters on Monday, in a sign the world's largest oil exporter sees a recovery of demand in Asia, its biggest export market.