W.Asia
2018, August, 27, 14:15:00
U.S. - IRAN SANCTIONS
REUTERS - The lawsuit filed with the ICJ says the U.S. sanctions, which are damaging the already weak Iranian economy, violate terms of a little-known friendship treaty between the two countries.
2018, August, 24, 11:25:00
SAUDI ARAMCO IPO
ARAB NEWS - The Government remains committed to the IPO of Saudi Aramco at a time of its own choosing when conditions are optimum. This timing will depend on multiple factors, including favorable market conditions, and a downstream acquisition which the Company will pursue in the next few months, as directed by its Board of Directors.
2018, August, 20, 14:15:00
SAUDI ARAMCO: THE GLOBAL LEADER
SAUDI ARAMCO - 2017 highlights:
Produced an average of 10.2 million barrels per day of crude oil including condensate
Increased amount of natural gas supplied for fourth straight year, to an average of 8.7 billion standard cubic feet per day
Crude oil exports averaged 6.9 million barrels per day
2018, August, 20, 14:10:00
TOTAL LEFT IRAN
ARAB NEWS - “Total has officially left the agreement for the development of phase 11 of South Pars (gas field). It has been more than two months that it announced that it would leave the contract,” he told the ICANA news agency, which is linked to the oil ministry.
2018, August, 15, 10:40:00
RUSSIAN NUCLEAR IN EURASIA
WNN - Rusatom International Network - a subsidiary of Russian state nuclear corporation Rosatom - has signed a memorandum of understanding and cooperation with the Eurasian Development Bank (EDB). The memorandum provides for establishing common principles of bilateral cooperation with Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan and other countries.
2018, August, 10, 10:35:00
IRAN VS OPEC QUOTAS
PLATTS - Saudi Arabia pumped 10.63 million b/d in July, according to the latest S&P Global Platts OPEC survey, far above its quota of 10.06 million b/d, though kingdom officials say their July output was 10.29 million b/d. Russia produced 11.22 million b/d in July, according to official data, basically erasing its 300,000 b/d pledged cut.
2018, August, 10, 10:25:00
SWITZERLAND - IRAN SANCTIONS
REUTERS - “U.S. decisions on sanctions do not affect the legal situation in Switzerland with regard to Iran,” said Fabian Maienfisch of the State Secretariat for Economic Affairs (SECO).
2018, August, 10, 10:20:00
IRAQI OIL PRODUCTION: 4.46 MBD
PLATTS - Iraqi crude oil production hit its highest in 13 months in July of 4.46 million b/d, the country's State Oil Marketing Organization said Thursday.
2018, August, 10, 10:15:00
ADNOC - JAPAN RELATIONSHIP
OG.COM - “For more than four decades, the UAE and Japan have enjoyed a deep rooted and successful strategic relationship, underpinned by long standing energy partnerships,” Dr Al Jaber said. “ADNOC is keen to further strengthen the relationship, deepen partnerships and seize growth opportunities along the full oil and gas value chain.
2018, August, 10, 10:05:00
CHINA - TURKEY NUCLEAR
REUTERS - Turkey will build a third nuclear power plant in the Thrace region northwest of Istanbul, and will cooperate with China on the initiative, Energy Minister Fatih Donmez said on Wednesday.
2018, August, 6, 13:20:00
IRANIAN GAS UP
SHANA - The CEO of Pars Oil and Gas Company (POGC) said Iran's natural gas production from the supergiant South Pars Gas Field will increase by 100 million cubic meters by the end of the current calendar year to Mach 2019.
2018, August, 3, 09:55:00
SAUDIS OIL PRICES DOWN
BLOOMBERG - Saudi Aramco, as the state-owned company is known, cut pricing for September shipments of all grades to Asia, its largest market. Aramco set the premium for Arab Light crude to Asia at $1.20 a barrel above the Middle East benchmark, it said Thursday in an emailed price list. The reduction of 70 cents for Arab Light was the second consecutive monthly cut for the grade and was 10 cents deeper than the median estimate of five traders in a Bloomberg survey.
2018, August, 3, 09:50:00
IRAQ'S OIL EXPORTS 3.5 MBD
PLATTS - Iraqi southern crude oil exports in July surged to a record high of 3.543 million b/d, data from the oil ministry showed Wednesday, despite OPEC's second largest oil producer facing major protests near its key oil assets.
2018, August, 3, 09:45:00
KUWAIT OIL PRODUCTION 2.8 MBD
PLATTS - Kuwait's crude oil production currently stands at 2.8 million b/d, the country's oil minister Bakheet al-Rashidi said Wednesday, up about 90,000 b/d from June levels.
2018, August, 1, 09:25:00
IRANIAN OIL EXPORTS 2.3 MBD
SHANA - Iran exported an average of 2.3 million barrels per day of crude oil to Asian and European countries during the four months. This is while exports for last calendar year's corresponding period stood at 2.115 mbd.