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W.Asia

W.Asia
2018, June, 4, 13:30:00
IRAN NEEDS SUPPORT
SHANA - The Iranian Minister of Petroleum further stressed that should the sanctions lead to any reduction in the oil market share of the I.R. Iran, Tehran, once the illegal limitations were resolved, reserves the right to return to its oil market share in the shortest possible time and resume its normal production-level and that it would not accept any limitations in that regard.
W.Asia
2018, June, 4, 13:15:00
QATAR'S GDP GROWTH 2.6%
IMF - The near-term growth outlook is broadly positive. Overall, GDP growth of 2.6 percent is projected for 2018. Inflation is expected to peak at 3.9 percent in 2018—as the impact of the value-added tax being introduced during the second half of 2018 would mostly be felt in that year—before easing to 2.2 percent in the medium term. The availability of significant external and fiscal buffers and the strong financial sector should enable the country to withstand downside risks, including lower-than-envisaged oil prices, tighter global conditions and an escalation of the diplomatic rift.
W.Asia
2018, May, 30, 13:50:00
OPEC: CONFORMITY LEVEL 152%
OPEC - The JMMC reported that participating countries have achieved a conformity level of 152% during the fourth month of the second year of the Declaration of Cooperation. This demonstrates the commitment of participating countries to the restoration of market stability, which is intended to serve the long term interests of producers, consumers and the global economy.
W.Asia
2018, May, 25, 10:50:00
RUSSIA - SAUDIS DISCUSSION
FT - "We will discuss the current situation, the outlook and possible further actions to be taken within the framework of our deal. Speaking of relaxing the deal: it is possible but should be based on a thorough analysis of the situation," Mr Novak told the Financial Times. "Generally speaking, we are quite flexible."
W.Asia
2018, May, 23, 10:21:00
IRAN - EUROPE NUCLEAR
WNN - "We met today to confirm the continuing commitment of the European Commission and the Atomic Energy Organisation of Iran towards the implementation of the Joint Comprehensive Plan of Action, and in particular its Annex III which addresses civil nuclear cooperation," Cañete and Ali Akhbar Salehi, president of the AEOI, said in a joint statement on 19 May. "We believe that the continuing implementation of the JCPOA, which was unanimously endorsed by UN Security Council Resolution 2231, is crucial for the development and progress of the region as well as the global peace and security."
W.Asia
2018, May, 23, 10:05:00
ARABIAN OIL FOR INDIA
AOG - The agreement between ADNOC and ISPRL, which was initiated in January 2017 during a visit to India by a high-ranking UAE delegation, led by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, covers the storage of 5.86 million barrels of ADNOC crude oil in underground facilities, at the Karnataka facility. The first shipment, of approximately two million barrels of crude oil, will be followed by further shipments after India’s annual monsoon season.
W.Asia
2018, May, 21, 11:00:00
IRAN & VENEZUELA SANCTIONS
NYT - China and India are the biggest buyers of Iranian crude, but they also provide markets for 40 percent of Venezuelan exports, which have been plummeting under the weight of mismanagement, debt and American financial sanctions.
W.Asia
2018, May, 21, 10:55:00
EU & IRAN SANCTIONS
SHANA - Climate Action and Energy Commissioner Miguel Arias Cañete met Iranian Minister of Petroleum Bijan Zangeneh in his Tehran office on Saturday in a bid to protect Iran's oil trade following US withdrawal from the nuclear deal.
W.Asia
2018, May, 21, 10:50:00
EU - IRAN COOPERATION
IRNA - since banning Iran’s oil exports was the first sanction imposed by the US, in their statement, Europeans has put extra emphasis on the continued sale of Iran’s oil and gas condensate petroleum products and petrochemicals and related transfers.
W.Asia
2018, May, 18, 09:05:00
NO IRAN SANCTIONS
REUTERS - European Union leaders united behind the 2015 accord, and Brussels announced it would launch a legal process banning EU-based firms from complying with the sanctions that President Donald Trump has reimposed on Iran.
W.Asia
2018, May, 16, 12:30:00
OIL MARKET BALANCE
PLATTS - "It is too early to say [what the impact of the US decision on the oil market will be]. In any case, we have all the tools that could be used to balance the market," Novak said, commenting on the potential impact of the move on the oil markets.
W.Asia
2018, May, 14, 11:35:00
GLOBAL IRAN SANCTIONS
PLATTS - Trump's plan to leave the Iran nuclear deal and reimpose sanctions could have major impacts for global oil, natural gas, metals and petrochemical markets.
W.Asia
2018, May, 14, 11:30:00
SAUDIS - RUSSIA COORDINATION
FT - “Any action will be taken in co-ordination with other producers,” the person said on Wednesday, adding that Saudi Arabia was already in talks with Russia and other producers, including the UAE.
W.Asia
2018, May, 14, 11:25:00
IRAN IMPLEMENTS COMMITMENTS
IAEA - As of today, the IAEA can confirm that the nuclear-related commitments are being implemented by Iran.
W.Asia
2018, May, 14, 11:00:00
ADNOC INVESTMENT PLAN: $45 BLN
AOG - The Abu Dhabi National Oil Company (ADNOC) has unveiled plans to invest $45bn alongside partners, over the next five years, to become a leading global downstream player.