Middle East News

The 0.50% global sulphur cap will enable Saudi Arabia and the UAE to benefit from higher exports of diesel; however, less sophisticated refineries in Iraq will make it difficult for the country to market its high sulphur fuel oil (HSFO), says Arab Petroleum Investments Corporation (APICORP).

Three new bunker traders have joined the company’s Dubai office.

The Iraqi company has been granted a bunker license to operate in the Suez Canal and Egyptian territorial waters.

Tests on samples taken at Mina al Ahmadi showed catfines values ranging between 85 to 110 mg/kg, against the ISO 8217:2017 limit of 60 mg/kg.

The Dubai-listed tanker company has installed scrubbers on two of its vessels, as well as new advanced engine fans which, it claims, will reduce fuel consumption by 5%.

Following the signing of a memorandum of understanding, Dubai-headquartered NICO International and UK-based Cleanship Solutions will collaborate on retrofitting exhaust gas cleaning and ballast water management (BWM) systems in the Gulf and Middle East region.

Contractors on the multi-billion-dollar refinery project have been issued with a ‘notice to proceed’.

The CEO of the Pakistan-headquartered company tells Bunkerspot that a subsidiary company will open for business in the UAE with an eight-strong team on 1 July.

Al-Iraqia Shipping Services and Oil Trading (AISSOT) claims to have bunkered more than 500 ships since it commenced bunkering operations in September 2017.

The oil and gas major has signed a Memorandum of Understanding (MoU) with the Government of Oman to develop natural gas resources in the country.