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Oil Exports

Saudi oil exports value for December surges 11pc to $23bn

The value of Saudi Arabia's oil exports in December 2022 surged by 11% to hit SR86 billion ($23 billion), when compared to SR77 billion ($20.5 billion) the year before, according to General Authority for Statistics (GASTAT). 

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Saudi oil exports value plunges $11bn as Covid crisis bites

The value of Saudi Arabia's oil exports plunged by 21.9 per cent year on year in the first quarter to $40 billion, corresponding to a decline of about $11 billion, Reuters reported quoting official data on Sunday.  

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Infrastructure to drive GCC growth in 2020: World Bank

Infrastructure investment and business climate reforms are seen advancing economic growth among the Gulf Cooperation Council (GCC) economies to 2.2 per cent in 2020, said the World Bank in its latest global economy report. Meanwhi

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Infrastructure to drive GCC growth in 2020: World Bank

Infrastructure investment and business climate reforms are seen advancing economic growth among the Gulf Cooperation Council (GCC) economies to 2.2 per cent in 2020, said the World Bank in its latest global economy report. Meanwhi

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Infrastructure to drive GCC growth in 2020: World Bank

Infrastructure investment and business climate reforms are seen advancing economic growth among the Gulf Cooperation Council (GCC) economies to 2.2 per cent in 2020, said the World Bank in its latest global economy report. Meanwhi

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DNO gets $69m payment for Kurdish May deliveries

DNO, the Norwegian oil and gas operator, today reported receipt of $69.03 million as payment for May 2018 crude oil deliveries to the export market from the Tawke licence in the Kurdistan region of Iraq. The funds will be shared b

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Iran's oil export hits record high

Iran's oil and gas condensates exports hit a record of 3.047 million bpd in February-March,  the managing director National Iranian Oil Company (NIOC) said on Saturday. “Some part of the export, however, was the gas

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Libya set to restart oil exports from seized ports

Libya's National Oil Corporation (NOC) said on Tuesday it would immediately start working to resume crude exports from ports seized in recent days by forces loyal to eastern commander Khalifa Haftar. Welcoming pledges from Haf

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Iraq oil exports from south rise to 3.2mbpd

Iraq's oil exports from its southern ports rose to 3.2 million barrels per day (bpd) on average in July, up from 3.175 million bpd in June, as the Opec nation increased crude production, two Iraqi oil officials said on Monday.

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Libya oil exports threatened as NOC warns against port deal

Libya's hopes to boost crude exports have been dealt a blow after the head of the National Oil Corporation (NOC) objected to a deal between the government and local guards to reopen key ports. In a letter seen by Reuters to UN

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