The UAE will provide about US$9bn worth of petroleum products to Egypt over the next year, according to Egyptian Oil Ministry
Industry
German Oman joint venture to provide fuel delivery facility at Sohar Port
Omanoil Matrix Marine Services LLC, a joint venture (JV) between German’s Matrix Marine Holding and Oman Oil, will offer ex-pipe fuel deliveries to the Sohar Port and Freezone’s liquid bulk terminal
KPC and Sinopec enter a 10-year crude oil supply deal
Kuwait Petroleum Corporation (KPC) signs 10-year deal with China’s Sinopec to double its supplies of crude oil to China
Iran oil exports breach P5+1 JPOA agreement
Iran oil exports continue to breach terms of the joint plan of action (JPOA) agreed by the P5+1, with crude oil output reportedly reaching 1.14mn bpd in July 2014
ADNOC and KPC to lease India’s oil storage facilities
Abu Dhabi National Oil Corporation (ADNOC) and Kuwait Petroleum Corporation (KPC) are in talks with India to hire a part of its storage facilities, currently under construction
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