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Chinese state-owned oil companies PetroChina and Sinopec have written to Saudi Aramco in recent weeks to express an interest in a direct deal.
Read More »China Keen to Buy 5% of Saudi Aramco Directly
Petronas Looks to Exit from Iraq’s Majnoon Field
The field. located near the southern Iraqi city of Basra. pumped its first oil in September 2013.
Read More »Russia and China Continue to Boost Oil Ties
Russia and China are growing their partnership and investment links as Moscow scrambles to find ways to fund oil and gas projects that are made difficult under Western sanctions.
Read More »Iraq`s Talks with Exxon on Southern Oilfields Project Reach Final Stages
Iraq. OPEC’s second-largest producer. had approached PetroChina and Exxon Mobil about investing in the project.
Read More »Saudi Aramco to Sign China`s Yunnan Refinery Deal in 6 Months
Saudi Arabia aims to break the slow pace in the progress of Saudi projects in China and push for more investments between the two nations.
Read More »India to Import Crude Oil from US for First Time
A second Indian refiner Bharat Petroleum Corp Ltd also planned to buy its first ever US crude oil cargo and has issued a purchase tender.
Read More »Iraq Drills First Well in Huwaiza Oil Field Near Iranian Border
OPEC'.s second largest producer. after Saudi Arabia. Iraq seeks to boost its production capacity to 5 million barrels per day by the end of the year.
Read More »PetroChina Cuts Fuel Oil Floating Storage
Marine fuel sales in Singapore fell last month. by 4.2 percent on the year to 4.181 million tons.
Read More »Asian Energy Firms Sink as OPEC Output Deal Disappoints
The final decision sent both main oil contracts plunging Thursday. which in turn dragged energy firms lower.
Read More »Iran in Talks with Iraq about Joint Fields
Iran has signed MoU with some of big companies to study the joint fields with Iraq.
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