Kuwait has raised its import of liquefied gas shipments to 8 ships per month because of the rising temperatures and subsequent power consumption, reports Al-Anba daily quoting senior oil sources.

Abu Dhabi National Oil Co. has maintained the forecast of its flagship Murban crude available for export from September 2021 to July 2022 and added a figure for August 2022.

Lebanon has awarded its first ever tender to swap Iraqi fuel oil with a specific fuel oil grade and gasoil for use in its power plants.

Oman, the largest Arab oil producer outside of OPEC, is bolstering ship-fueling services at the container and commodities port of Sohar as it looks to rival the region’s busiest shipping terminal in the neighboring United Arab Emirates.

Global oil majors may be teaming up with investment funds that are already in the race to acquire Bharat Petroleum Corporation Ltd (BPCL), a document detailing steps needed to complete India’s biggest privatisation showed.

The Abu Dhabi National Oil Company (ADNOC) said it has awarded exploration rights to its Offshore Block 5 in its second competitive bid round to a consortium of Pakistani companies led by Pakistan Petroleum Limited (PPL).

Saudi Basic Industries Corporation (Sabic) has signed an agreement to build a petrochemical complex in China at an investment of RMB40 billion ($6.15 billion) in a joint venture with Fujian Petrochemical Industrial Group.

Iraq is testing power generation systems at its new 140,000 b/d Karbala refinery ahead of start-up next year. The plant, which was originally due on stream in 2018, is the country's first new downstream facility in decades.