An Indonesian coast guard boat conducts an inspection near the Iranian ship MT Arman. Indonesian coast guards seized an Iranian oil-laden ship. The oil tanker named ‘MT Armaan 114’ contained 272 thousand 569 metric tons of crude oil worth 304 million dollars. Indonesia’s Maritime Security Agency says the oil tanker was transferring oil to another…
Bandar Abbas Oil Refinery, file photo A fire broke out in the oil refinery of the city of Bandar Abbas in Iran, according to the Iranian news agency, there was a fire in the storage tanks of the oil refinery. This oil refinery is located in the south of Iran, in a video released on…
Carrying over 1.1 million barrels of oil, the supertanker FSO Safer was abandoned off Yemen’s Red Sea port of Hudaydah after the civil war broke out in the country in 2015. Since then, the vessel has deteriorated significantly in absence of any servicing or maintenance, prompting fears of a major environmental disaster. According to David…
bill to: The Taliban government in Afghanistan has started the process of extracting oil from wells in the north of the country. According to Afghanistan’s official media Bukhtar News Agency, the Acting Minister of Mines and Petroleum, Sheikh Shahabuddin Dilawar, while addressing the ceremony, said that the employment of technical and non-technical personnel for oil…
It was agreed that the payment will be made in the currencies of friendly countries, Minister of Energy. Photo file Moscow: Russia has said that it has not given any special concession to Pakistan in the purchase of oil. According to a US media report, Russia has said that it has started exporting oil to…
Iran’s oil cargo, file photo Despite US sanctions, Iran’s oil exports hit a new milestone in 2023. According to the foreign news agency, consultants, shipping data and sources related to the matter have confirmed this. Iran’s crude oil exports stood at 1.5 million barrels per day in May, the highest since 2018. Oil exports were…
The Chinese Ministry of Foreign Affairs says that in principle, our way is open for the trade of crude oil in Chinese currency. The Chinese Foreign Ministry has given this statement on Pakistan’s payment to Russia in Chinese currency for the purchase of crude oil. China says that this is normal trade cooperation between Pakistan…
Riyadh: Apart from oil, Saudi Arabia is also developing in other sectors. The non-oil GDP of the country is expected to increase significantly in the second quarter of this year. According to Urdu News, a business survey revealed that Saudi Arabia’s non-oil sector gained significant momentum in May as the kingdom’s economic diversification strategy continues….
The United Arab Emirates and Kuwait have decided to continue voluntary cuts in oil production in line with the quotas set at the OPEC Plus meeting. According to foreign media, the United Arab Emirates has said that it will voluntarily continue to cut oil production by 144,000 barrels per day until the end of 2024….
Diesel tank explodes in UAE; Photo: File Abu Dhabi: A terrible fire broke out in an oil depot in the industrial area of the United Arab Emirates, resulting in the death of 2 people and injuries to 3 people. According to Arab media, a diesel tank exploded in an oil depot of a warehouse of…
