Middle East
Iraq plans oil pipeline network to cover all its territory
BAGHDAD (Reuters) — Iraq plans to build a pipeline network to carry oil products across all its territory as an alternative to expensive and hazardous transport by tanker truck, Oil Minister Jabar al-Luaibi said on Saturday.
S.Korea's Nov Iran crude oil imports fall to 5-month low
SEOUL (Reuters) — South Korea's Iranian crude oil imports in November dropped to the lowest level since June, due to reduced shipments from the Middle Eastern country to Asia affected by its production issues.
SNC-Lavalin, Saudi Aramco sign MoU supporting in-country opportunities
MONTREAL — SNC-Lavalin and Saudi Aramco today signed a Memorandum of Understanding (MoU) signaling SNC-Lavalin's continued commitment to creating and accelerating opportunities for local workforces in the Kingdom of Saudi Arabia.
OPEC sees balanced oil market by late 2018 as cuts erode glut
LONDON (Reuters) — OPEC expects the world oil market to be balanced by late 2018 as its deal with other producers to cut output reduces excess oil in storage, even as US and other producers outside the group pump more crude.
Saudi Aramco lifts spending plans to $414 B over next decade
DAMMAM, Saudi Arabia (Reuters) — Saudi Aramco plans to raise its spending to $414 B over the next 10 yr, including on infrastructure and drilling, as the state oil giant moves into new businesses, executives said.
Saudi Arabia to supply full Jan crude volumes to several Asian buyers
TOKYO/SINGAPORE (Reuters) — Saudi Arabia, the world's top oil exporter, will supply full contractual volumes of crude to five North Asian refiners in January, unchanged from the previous month, five sources with direct knowledge of the matter said on Monday.
Iraq boosts output capacity at Kirkuk oil refinery
BAGHDAD (Reuters) — Iraq's Oil Ministry has added a new processing unit to the Kirkuk oil refinery, increasing the plant’s capacity to 56,000 bpd, the ministry said in a statement on Monday.
CB&I awarded EPC contract for Aramco, Shell refinery
THE WOODLANDS, Texas — CB&I announced it has been awarded a contract for more than $95 MM by Saudi Aramco Shell Refinery (SASREF).
SABIC looking at investing in US gas
(Reuters) — Petrochemicals company Saudi Basic Industries Corp (SABIC) is considering several possible investments in the United States, while state oil giant Saudi Aramco is looking at gas prospects abroad, Saudi energy minister said on Wednesday.
SABIC to open office in Iraq as relations improve
DUBAI (Reuters) — Petrochemical giant Saudi Basic Industries Corp (SABIC) plans to open an office in Iraq soon, Saudi Arabia's energy minister said during a visit to Iraq's southern oil city of Basra, as relations between Riyadh and Baghdad thaw.
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