Fujairah port to expand storage capacity this year, says energy official
UAE’s Fujairah port is expected to have a total storage capacity of nine million cu/m by the end of 2015, according to a top UAE government official
Industry
Bahri signs 10-year agreement to ship S-Oil's crude cargoes
The National Shipping Company of Saudi Arabia (Bahri) has signed a 10-year agreement to ship crude cargoes belonging to South Korea’s S-Oil starting Q3 2015
Shell set to buy BG Group for US$69.7bn
Anglo-Dutch oil explorer Shell will acquire British gas producer BG Group for US$69.7bn in cash and stock, both companies have announced
Libyan oil output hits 600,000 bpd
Libya’s state-owned firm Arabian Gulf Oil Company (AGOCO) crude production has hit 317,000 bpd, the highest in the last two years, the company’s spokesperson revealed
Saudi Aramco signs new standby credit facilities
Saudi Aramco has signed a US$10bn loan agreement with 27 financial institutions in order to secure better borrowing terms
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