Bijan Zangeneh, Iranian minister of petroleum, has announced that Iran and Iraq have reached an agreement for joint development of the Naft Shahr and Khorramshahr joint oil fields
Petrochemicals
Aramco Trading signs supply deal with Poland’s refiner
Aramco Trading, Saudi Aramco’s trading subsidiary, has signed an agreement to supply Arabian crude oil to Poland’s leading refiner, PKN Orlen, in exchange for a similar volume of high sulfur fuel oil from the Polish refiner
Subsea 7 awarded contracts offshore Saudi Arabia
Saudi Aramco has awarded two contracts to Subsea 7 for conventional projects in shallow water offshore Saudi Arabia
ADNOC signs long-term agreement with China for base oil sales
The Abu Dhabi National Oil Company (ADNOC) announced that it has concluded a long-term sales agreement with Xiamen Sinolook Oil Co., of China, for its high-quality base oil, ADbase
SABIC deal supports Aramco’s global expansion plans: Wood Mackenzie
The US$69.1bn contract between Saudi Aramco and Saudi Basic Industries Corporation (SABIC) is expected to help the Saudi oil giant to expand aggressively in the downstream sector and boost its profits
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