Middle East

Iran's Yemen-bound Aid Ship Docks in Djibouti

An Iranian aid ship on Friday docked at Djibouti's port where it will be inspected by the United Nations so its cargo can be shipped to conflict-torn Yemen, Iran's Fars news agency reported.

ExxonMobil Says Not Lobbying on Iran Sanctions

ExxonMobil issued a press statement today dismissing media reports that it is lobbying the U.S. government on Iran sanctions.   “ExxonMobil is not lobbying on Iran sanctions,

WFP: Aid Cargo for Yemen will be Delivered After Ship Docks

The World Food Programme will deliver a cargo of Iranian aid for Yemen once the ship carrying it reaches Djibouti's port, the U.N agency said on Friday. Earlier

Iran Aid Ship Reaches Djibouti Waters, Waits to Enter Port

An Iranian aid ship has reached the outskirts of Djibouti's port and is waiting for a permit to enter after Tehran agreed to an international inspection of the vessel with goods for Yemen,

Oil Nears $66 on U.S. Inventories, Iraq Violence

U.S. crude stockpiles fall for third week; Islamic State attacks in Iraq support prices. Oil rose towards $66 a barrel on Thursday, gaining for a second day,

Italy: 900 Migrants Rescued at Sea, One Dead

More than 900 migrants were rescued in one day from three overcrowded boats en route to Europe from North Africa, an Italian coast guard official said on Thursday.

How Do You Lose 100 Million Barrels of Oil?

Oil-market watchers are struggling to reconcile the large estimated oversupply in the market with the much smaller buildup of reported inventories and narrowing contango in futures prices.

Palfinger Cranes Ordered for Lamprell Jack Up Rigs

Lamprell Energy Ltd., based in the United Arab Emirates, is a provider of fabrication, engineering and contracting services to the offshore and onshore oil and gas industries.

Iran to Allow UN Inspection of Yemen Aid Ship

Iran will allow the United Nations to inspect an aid shipment to Yemen, the ISNA agency quoted Deputy Foreign Minister Hossein Amir Abdollahian as saying on Wednesday.

MPA Asks Iran to Investigate Alpine Eternity Incident

The Maritime and Port Authority of Singapore (MPA) said it is “deeply concerned” in regard to the reported shooting incident on May 14, 2015, involving a Singapore-registered

BP Increases Stake in Egypt Gas Field

BP has increased its share in the $12 billion West Nile Delta gas field in Egypt to above 80 percent after buying a stake from DEA, the energy group owned by Russian billionaire Mikhial Fridman.

Iraq Approves $526m Drilling Deal for West Qurna Oilfield

Iraq's cabinet has approved a $526.6 million drilling deal with China's Zhongman for the West Qurna Two oilfield, the government said in a statement on Tuesday.

Iran Warships 'Linked Up' with Yemen-bound Cargo Ship

The Pentagon said on Tuesday that two Iranian warships had linked up with a cargo ship that Iran says is carrying humanitarian aid to Yemen, adding it was monitoring the ships "every step of the way.

CMA CGM Implements War Risk Surcharge in Yemen

French container shipping company CMA CGM said it has implemented a War Risk Surcharge on all shipments to Hodeidah, Yemen.   Applicable with immediate effect,

Putin to Discuss Energy with Iraqi PM in Moscow

Russian President Vladimir Putin will host Iraqi Prime Minister Haidar al-Abadi in Moscow on Thursday to discuss ways to strengthen energy ties, the Kremlin said on Monday.

Iran Uses Maritime Confrontations to Project Power in Gulf

Iran is using its sea power in the Gulf to show it will not be cowed by Washington's newly assertive Arab allies, prompting critics to accuse Tehran of destabilising the region.

BP, Iraq Agree to Rumaila Spending Cuts

British oil major BP has agreed with the Iraqi oil ministry to cut this year's expenditure on development work at Rumaila oilfield to $2.5 billion from $3.5 billion,

Azeri Oil Exports Down in Jan-Apr

Azeri oil exports declined 0.9 percent in January-April year-on-year, a source at the State Customs Committee said on Friday.   The source, who declined to be

Tanker Attacked in Gulf Collided with Iran Oil Platform in March

A Singapore-flagged oil products tanker fired at by Iranian craft on Thursday had previously collided with an Iranian oil drilling platform in March and efforts

Iran Navy Fires at Tanker as Gulf Tensions Rise

Iranian naval vessels fired shots at a Singapore-flagged tanker in the Gulf on Thursday in what appeared to be the country's latest attempt to settle a legal dispute

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