W.Asia
2020, November, 24, 12:40:00
ADNOC, UAE OIL INVESTMENT $122 BLN
At the meeting, the SPC approved ADNOC’s capital expenditure (CAPEX) plan of AED 448 billion ($122 billion) for 2021-2025 to enable smart growth.
2020, November, 20, 13:30:00
SAUDI ARABIA, RUSSIA OIL FOR CHINA
Saudi Arabia was catching up with Russia which has exported about 1.7 million bpd of oil to China so far in 2020, with Iraq at a third place with about 1.2 million bpd.
2020, November, 19, 14:30:00
RUSSIA, SAUDI ARABIA STRATEGIC PARTNERSHIP
The Kingdom remains Russia’s strategic partner. We are looking forward to a long-term partnership with Saudi Arabia on the Sputnik V vaccine.
2020, November, 19, 14:20:00
U.S., IRAN SANCTIONS AGAIN
Iran's oil exports are already under intense US sanctions pressure, and recent moves by the Trump administration have been seen as an attempt to harden its policy ahead of a Joe Biden White House.
2020, November, 18, 14:35:00
OPEC+: 101%
The Committee reviewed the crude oil production data for October 2020 and welcomed the positive performance in the overall conformity level for participating OPEC and non-OPEC Countries, at 101 per cent.
2020, November, 18, 14:25:00
UAE OIL PRODUCTION 2.4 MBD
The UAE produced 2.4 million b/d in October, according to secondary sources quoted in OPEC's November monthly oil report. The UAE's quota is 2.59 million b/d.
2020, November, 18, 14:15:00
TAP GAS PIPELINE STARTING
In December 2019, Turkey and Azerbaijan formally inaugurated the US$6.5bn Trans-Anatolian Natural Gas Pipeline (TANAP) gas interconnector.
2020, November, 17, 13:20:00
OPEC+ CUTS PRODUCTION
OPEC+ ministers are weighing whether to relax their current 7.7 million b/d in collective production cuts to 5.8 million b/d as originally scheduled, maintain them at the same level for a few months, or even deepen them.
2020, November, 17, 12:55:00
SAUDI ARABIA, UAE NUCLEAR COOPERATION
The UAE's Federal Authority for Nuclear Regulation (FANR) and Saudi Arabia's Nuclear and Radiological Regulatory Commission (NRRC) have agreed to cooperate in nuclear and radiation regulatory matters, and to form topical working groups.
2020, November, 16, 12:35:00
QATAR LNG WILL UP
Qatar currently has an LNG production capacity of some 77 million mt/year, but has plans to boost it to 110 million mt/year by 2025 with the addition of four more trains and to 126 million mt/year by 2027 with the addition of two further trains.
2020, November, 13, 13:25:00
OPEC+ RUSSIA REDUCING
Saudi Arabia and Russia, leaders of the 23-nation coalition, have already indicated publicly that they are thinking twice about easing production cuts in January as the resurgent pandemic hits fuel demand.
2020, November, 12, 14:05:00
OPEC CUTS 7.7 MBD
OPEC+ alliance's current 7.7 million b/d in output cuts could be maintained into 2021 instead of being eased as originally planned, or even extended.
2020, November, 12, 14:00:00
MIDDLE EAST NUCLEAR POWER
"If you look at it in terms of energy efficiency, nuclear energy is not the most efficient way of developing electricity. Solar energy probably offers better efficiency in the long-run, while in the short-run because of the depressed price of oil, countries are finding it more economic to just import oil."
2020, November, 11, 14:30:00
OPEC+ IRAQ, SAUDI ARABIA
Saudi Arabia, Iraq "stressed full commitment to all decisions that have been agreed upon, in a manner that guarantees reaching fair and appropriate oil prices for exporters and consumers in the global oil market," the statement said.
2020, November, 11, 14:20:00
IRAN PETROLEUM EXPORTS 700 TBD
Iran’s oil exports have shrunk from more than 2.5 million bpd since 2018,