Middle East

Saudi Aramco: Domestic Supplies Unaffected by Missile Attack

Saudi Aramco said on Tuesday its domestic fuel supplies had not been affected by an attack the previous day by Yemen's Houthi group on a petroleum products distribution plant in Jeddah, with operations resuming three hours after the event.

Yemen Rebels Claim attack on Saudi Oil Facility in Jiddah

Yemen's Houthi rebels said they struck a Saudi oil facility in the port city of Jiddah on Monday with a new cruise missile, just hours after the kingdom finished hosting its virtual Group of 20 leaders summit.

Islamic State Claims Responsibility for Sinai Pipeline Blast

A blast struck the Al Arish-Al Qantara natural gas pipeline in Egypt's Sinai Peninsula on Thursday, and Islamic state later claimed responsibility without giving evidence.

Blast Strikes Natural Gas Pipeline in North Sinai

A blast struck the Al Arish-Al Qantara natural gas pipeline in Egypt's Sinai Peninsula on Thursday, three witnesses told Reuters.

China Bullish on Myanmar’s Gas Reserves, Pipelines

After many years of brokering deals and planning, China has managed to cement its place as the sole buyer of Myanmar’s massive Shwe Gas reserves. A new trans-Burma corridor now aims to secure oil imports from the Middle East and Africa.

Global News

OPEC Predicts Oil Demand to Plateau in Late 2030s World oil demand will plateau in the late 2030s and could by then have begun to decline, OPEC said, in a major shift for the producer group that reflects the lasting impact of the coronavirus crisis on the economy and consumer habits.  ..

Iran Says it Exports 700,000 bpd of Oil, Later Denies

An Iranian official said Tehran exported up to 700,000 bpd of oil since March, but an Iranian news agency later quoted him as casting doubt on the figure, which had been kept secret as the country fights U.S. sanctions.

Energy Leaders Leave Door Open to More Cuts as Virus Spikes

Saudi Arabia's energy minister said Monday that global energy producers have the ability to tweak an agreement on production cuts that could be extended through the end of 2022, signaling the anticipation of continued weakened demand for oil as the coronavirus pandemic peaks again in Europe and the United States

Gas Pipeline Blast in Southern Iraq Kills 3, Injures 51

At least three people were killed and more than 50 injured in a gas pipeline explosion near a militia camp in southern Iraq. Firefighters contained the fire after shutting down the gas line.

Brooge Energy Begins Preconstruction Work on Phase III Oil Storage Facility

Oil storage firm Brooge Energy has begun preconstruction work on Phase III of its storage facility outside the Straight of Hormuz in the United Arab Emirates.

Israeli Pipeline Company Signs Deal to Bring UAE Oil to Europe

Israeli pipeline company EAPC has signed a preliminary deal to transport oil from the United Arab Emirates to Europe via a pipeline connecting the Red Sea city of Eilat to the Mediterranean port of Ashkelon.

Islamic State Tells Supporters to Target Westerners, Oil Pipelines

An Islamic State spokesman called on the militant group's supporters to target westerners, oil pipelines and economic infrastructure in Saudi Arabia.

ADNOC to Divest 20% Stake in Gas Pipeline Assets

ADNOC has announced a 20% sale of its gas pipeline assets to the Abu Dhabi Pension Fund and a regional holding company, ADQ.

Azerbaijan's SOCAR Says Oil and Gas Infrastructure is Safe

State-owned Azeri energy firm SOCAR said on Tuesday that the country's oil and gas infrastructure was safe from the current military conflict taking place in the Nagorno-Karabakh region.

U.S. Tightens Waiver for Iraq Gas Imports from Iran

The United States has extended a sanctions waiver that enables Iraq to continue importing gas from Iran but this time granting a significantly shorter waiver period, Iraqi officials and the U.S. State Department said Thursday.

UAE, Israel Discuss Pipelines, Infrastructure for Gas Exports to Europe

The energy ministers of the United Arab Emirates and Israel discussed possible cooperation and investment opportunities, including natural gas exports to Europe, in a video call on Wednesday, an Israeli statement said.

East Mediterranean States Formally Establish Egypt-Based Gas Forum

Six Mediterranean countries signed a charter on Tuesday to formally establish a group that seeks to boost natural gas exports from the region.

Pipeline Conference To Explore Germany’s Hydrogen Grid

Join the inaugural Pipeline Opportunities Conference – EMEA (POC-EMEA) from your home or office on September 17 and gain insight into the ongoing challenges operators and service companies face in the region.

Terrorists Blamed for Pipeline Blast in Syria

An explosion on a main gas pipeline traversing the Middle East caused a blackout across Syria on Monday. Government officials said it was the result of a terrorist attack.

Kuwait's KIPIC Starts Operation of Gas Line Feeding Al-Zour

Kuwait Integrated Petroleum Industries Co (KIPIC) has begun operating the gas line that will feed its long-delayed Al-Zour refinery, state news agency KUNA said on Tuesday.

Israel Approves Pipeline Deal to Sell Gas to Europe

Israel has approved an agreement with European countries to build the Eastmed pipeline to supply gas to Europe from the eastern Mediterranean.

Iran's Oil Storage Almost Full as Sanctions, Pandemic Weigh

As U.S. sanctions and the coronavirus pandemic take its toll on Iran, the country has been forced to cut back its oil production due to a decreasing amount of storage.

UAE’s BPGIC to Expand Storage Facilities

The United Arab Emirates’ Brooge Petroleum and Gas Investment Co (BPGIC) said on Wednesday that it was moving ahead with its oil storage expansion plans as there has been a limited impact from the coronavirus pandemic on the company's operations.

Abandoned Oil Tanker off Yemen Coast at Risk of Exploding

An abandoned oil tanker less than four miles off the Yemeni coast is at risk of exploding releasing more than a million barrels of crude oil into the Red Sea according to UN officials.

Investors Raise $7.96 Billion Loan for ADNOC Pipeline Deal

A group of investors has signed a nearly $8 billion loan to help finance a $10 billion gas pipeline investment with the state-owned Abu Dhabi National Oil Company.

Iraq Agrees on Deeper Output Cuts in June — Sources

Iraqi officials said the country has agreed with the operators of its major oil fields to comply with production cuts agreed upon by OPEC+ earlier this month.

Bidders for ADNOC Gas Pipelines in Talks for $8 Billion Loan: Sources

U.S.-based Global Infrastructure Partners is heading a consortium of buyers looking for up to $8 billion in financing to invest in ADNOC natural gas pipeline assets.

Iran: 'Terrorist' Attack on Gas Pipeline Halts Exports to Turkey

Iran said on Tuesday its natural gas exports to Turkey have stopped after an attack on a pipeline inside the neighboring country

Saudi Arabia Plans to Boost Oil Exports to 10.6 Million Bpd from May

Saudi Arabia is planning to increase its oil exports to 10.6 million bpd beginning in May.

UAE's SNOC Gas Project Startup Delayed

UAE's SNOC has announced that it's Mahani gas project startup is being delayed by 2 months due to the coronavirus pandemic.