Middle East News

A National Iranian Oil Company (NIOC) tanker was hit by two rockets this morning about 100 kilometres from the Port of Jeddah, according to multiple reports.

The Indian Register of Shipping (IRClass) has opened an office in Doha at the Qatar Financial Centre (QFC).

The company undertook its first LSFO bunkering operation at the Middle East bunker hub from a 6,000 tonne bunker barge.

The International Maritime Organization (IMO) has reported that a regional workshop which took place in Jeddah this week focused on MARPOL Annex VI’s energy-efficiency measures aimed at reducing GHG, SOx and NOx emissions.

Iraq-based bunker supplier Sea Crown Marine Services has told Bunkerspot that it is ’poised to start the supply of LSFO soon’.

Although Saudi Aramco has given upbeat assurances over its plans to restore full operational capacity by the end of September following Saturday’s drone attacks, Rystad Energy has advised caution over this ‘optimistic guidance’.

Saudi Aramco has completed the acquisition of Shell’s 50% interest of the SASREF joint venture refinery operation in Jubail Industrial City for $631 million.

Saudi Aramco President & CEO Amin Nasser has said that the company’s production capacity, suspended as a result of terrorist attacks on its plants at Abqaiq and Khurais, will be fully restored by the end of September.

The Netherlands-based Royal Boskalis has signed a memorandum of understanding (MoU) with the Iraqi government over the construction of an offshore oil export and storage installation.

The drone attacks on Saudi Arabian oil facilities over the weekend have ‘turned the market on its head’, according to research consultancy Rystad Energy.