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W.Asia

W.Asia
2018, June, 29, 10:40:00
QATAR - U.S. INVESTMENT: $20 BLN
BLOOMBERG - QATAR Petroleum, the world’s biggest seller of liquefied natural gas, is looking to get even larger, investing US$20 billion in America’s oil and gas fields, at a time when rival U.S. exporters are expanding.
W.Asia
2018, June, 29, 10:00:00
NOV - ARAMCO COOPERATION
NOV - National Oilwell Varco, Inc. (NYSE: NOV) today announced the signing of an agreement with Saudi Aramco to form a joint venture in the Kingdom of Saudi Arabia. Through its state-of-the-art manufacturing and fabrication facilities in the Kingdom and NOV’s market-leading drilling technologies, the joint venture will provide high-specification land rigs, rig and drilling equipment and offer certain aftermarket services.
W.Asia
2018, June, 27, 10:50:00
U.S. - IRAN SANCTIONS
ARAB NEWS - The United States warned countries that they must stop buying Iranian oil before Nov. 4 or face a renewed round of American sanctions.
W.Asia
2018, June, 27, 10:45:00
ARABIAN INVESTMENT FOR INDIA: $44 BLN
AOG - Sheikh Abdullah said: “This agreement strengthens the already close ties between the UAE and the Kingdom of Saudi Arabia and between the UAE and India. The UAE is unwavering in its commitment to its strategic multi-lateral relationships with both Saudi Arabia and India, as well as being a reliable partner in India’s energy security. We look forward to exploring further opportunities to expand our energy partnerships and to collaborating on new, broader, opportunities that will further strengthen and deepen the long-standing economic links between our three countries.”
W.Asia
2018, June, 25, 12:25:00
IRAN EXECUTES AGREEMENT
SHANA - The Iranian official, following the 174th ordinary meeting of the Organization of the Petroleum Exporting Countries (OPEC) said: As I said on the minute of my arrival in Vienna, we needed to fully comply with the output reduction agreement of the organization and nothing more.”
W.Asia
2018, June, 22, 13:25:00
RUSSIA - SAUDIS SUPER OPEC
BLOOMBERG - Russian Oil Minister Alexander Novak said in a speech yesterday that “we need to build upon our successful cooperation model and institutionalize its success through a broader and more permanent strategically focused framework.” His Saudi counterpart Khalid Al-Falih echoed those comments.
W.Asia
2018, June, 20, 13:05:00
IRAN - OPEC DECISION
PLATTS - Iran will not accept any proposals for OPEC to raise its quotas, the country's oil minister said Tuesday, adding that even a 500,000 b/d increase "is not necessary." "Decisions in OPEC need unanimity," Bijan Zanganeh said on arrival in Vienna ahead of OPEC talks this week. "I don't think at this meeting we can reach an agreement."
W.Asia
2018, June, 15, 11:30:00
RUSSIA - SAUDI ARABIA COOPERATION
ARAB NEWS - Saudi Arabia’s Crown Prince Mohammed bin Salman held talks with Russian President Vladimir Putin in Moscow Thursday.
W.Asia
2018, June, 15, 11:25:00
OIL PRODUCTION WILL UP
REUTERS - Saudi Arabia and Russia, architects of the deal among producers to cut output by about 1.8 million barrels per day (bpd) from January 2017, have now indicated they want output to increase.
W.Asia
2018, June, 15, 11:05:00
INDIA - IRAN OIL IMPORTS
REUTERS - India’s oil imports from Iran surged to about 705,000 barrels per day (bpd) in May, their highest level since October 2016, according to data from shipping and industry sources, despite the threats of fresh U.S. sanctions.
W.Asia
2018, June, 15, 11:00:00
SAUDI ARAMCO INVESTMENTS WILL UP
REUTERS - Saudi Aramco plans to boost investments in refining and petrochemicals to secure new markets for its crude, and sees growth in chemicals as central to its downstream strategy to lessen the risk of a slowdown in oil demand.
W.Asia
2018, June, 15, 10:45:00
U.S. - OPEC TIES
REUTERS - OPEC and U.S. representatives have met at least twice this year, with a third high-profile meeting set for Vienna next week. Finding the optimal balance of crude supply and demand will be the hot topic.
W.Asia
2018, June, 13, 13:20:00
RUSSIA'S OIL PRODUCTION: 11 MBD
BLOOMBERG - The nation boosted crude supply to the highest in 14 months in the first week of June as some companies breached their caps, said a person with knowledge of the matter. While both the Kremlin and oil bosses remain publicly committed to the accord, production of 11.09 million barrels a day exceeds the 10.95 million limit agreed with OPEC, the official said.
W.Asia
2018, June, 13, 13:15:00
SAUDIS OIL PRODUCTION: 10 MBD
BLOOMBERG - Saudi Arabia, which along with Russia is trying to garner support for lifting output limits, told the Organization of Petroleum Exporting Countries that its daily production rose 162,000 barrels a day to 10.030 million in May compared with the previous month, a person with knowledge of the data said, asking not to be identified because the information isn’t public.
W.Asia
2018, June, 13, 13:00:00
CHINA - IRAN PARTNERSHIP
PLATTS - China and Iran have agreed to strengthen strategic cooperation during Iranian President Hassan Rouhani's visit to China, possibly paving the way for steady crude flows between the two countries.