Tag Archives: Persian Gulf Countries

This is a signal of Aramco’s intent to become a global gas player and develop a broad LNG portfolio.

There is great anxiety in the market today mainly related to supply concerns.

The Saudi Arabian national oil and gas company Saudi Aramco has decided not to buy a share in Novatek’s Arctic LNG-2 project.

Imports of Russian crude to China stood at 1.49 million bpd – up from 1.35 bpd in April last year.

China in April imported 3.24 million tons of crude oil from Iran. or 789.137 bpd. up from March’s 541.100 bpd.

Sempra has said it hopes to reach a final investment decision by early 2020.

Saudi Arabia is tapping into the U.S. shale revolution that will primarily ship the fuel to buyers in Europe and Asia.

India is Iran’s second largest oil customer after China.

India had bought about 300.000 barrels per day (bpd) of Iranian oil under the six-month U.S. sanctions waiver.

OECD oil inventories as of March stood 22.8 million barrels above the five-year average.