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Turkey Crude Imports: Iraq Soars Past Russia For 2020 Top Spot
...*Iraq was way out in front as top crude supplier to key Mediterranean importer Turkey for 2020. The 236,000 b/d Turkey took from Iraq was not only a record and up 24% on 2019, but the highest volume that Turkey has taken from any single supplier ever – beating 229,000 b/d from Iran in 2017 (se...
Volume: 64Issue: 10Published at Fri, 12 Mar 2021 -
Houthis Step Up Siege On Aramco Energy Infrastructure
...rt of a regional tour, during which he met with Saudi Foreign Minister Prince Faisal bin Farhan. During the talks, Prince Faisal said that Riyadh will take “necessary deterrent measures to protect its national resources,” hinting that the kingdom could pursue its plans from 2017 to purchase Russian S-...
Volume: 64Issue: 10Published at Fri, 12 Mar 2021 -
Adnoc & Petronas Ink Wide-Ranging Partnership Deal
...reements were reached during the visit to the UAE of Malaysian Prime Minister Tan Sri Muhyiddin Yassin. Trade relations between the two countries are on the rise, although they’ve not been without their turbulence. Abu Dhabi state firm IPIC, which was merged into Mubadala in 2017, was previously embroiled in...
Volume: 64Issue: 10Published at Fri, 12 Mar 2021 -
Saudi Oil Export Revenues Down 40% For 2020
...oking ahead to 2021 as a whole, a relatively conservative estimate would peg oil export revenues at slightly more than $150bn, putting them broadly in line with 2015 levels. However, 2017’s $170.2bn remains an attainable target, which if achieved would greatly ease the financial pressure on Saudi Aramco as...
Volume: 64Issue: 10Published at Fri, 12 Mar 2021