14:59 [Press TV] (E)
“I never believed that with this attack half of the oil production of Saudi Arabia was made unavailable,” Zangeneh said Wednesday upon arrival in Moscow for a meeting of the Gas Exporting Countries Forum (GECF).
7:27 [Red Pepper] (E)
Anna Baum - The United States debt-based fracking boom has been compared to the mortgage backed securities crisis before 2008, and if it does go bust it will be taxpayers who bear the brunt. Through government lobbying and the support of the financial sector, the industry is presenting itself as the next big thing for the UK economy when in reality its growth is based on systemic financial risk.
19:36 [Press TV] (E)
Iran has awarded contracts to three domestic engineering firms for manufacturing giant pumping devices needed for a major pipeline project that would transfer Iran’s oil from export terminals southwest of the country to the coast of the Sea of Oman, in the southeast.
14:33 [RT] (E)
China’s largest oil and gas producer CNPC has announced the discovery of an oilfield that could hold over a billion tons of reserves in the northwest of the country.
19:33 [RT] (E)
Repairs at the Khurais field and the Abqaiq processing facility may take several months rather than the ten weeks tops that Aramco had initially estimated.
7:03 [google.com/translate] (E)
Translated from an article of a russian source. " The Saudis stupidly ran out of oil. According to some reports, the peak of production was passed by the Saudis in 2004 - and since then all efforts of Saudi Aramco have been aimed at hiding this fact."
14:39 [Zero Hedge] (E)
Much of the attention concerning the crippling damage to Saudi Aramco facilities struck in last week`s aerial attack ultimately blamed on "Iranian sponsorship" by US and Saudi officials has focused on Abqaiq processing plant, but on Friday the first on the ground images from the kingdom`s giant Khurais oil field — the country`s second largest — have been revealed, showing scorched infrastructure, ruptured pipelines, and "a mess of oil melted to asphalt, twisted and charred metal grates" according to an on site Bloomberg report. And yet Aramco has remained insistent that the field will return to pre-attack output levels this month, after the company reported losing half its daily output in the aftermath of the early Saturday attacks, impacting a whopping 5% of total global supply.
7:45 [Press TV] (E)
Experts say critical oil supplies lost due to Yemeni attacks on Saudi Arabia’s production plants can only be compensated if the United States eases its sanctions on sale of crude by Iran.
7:33 [TASS] (E)
Earlier, the US envoy admitted that Rosneft’s activities in Venezuela do not violate existing US extraterritorial sanctions against that country. Washington is not yet ready to impose sanctions on Russia`s state oil giant Rosneft in connection with the company’s business in Venezuela, but may consider possible restrictive measures in the future, US Special Representative for Venezuela Elliott Abrams said during a telephone briefing broadcast in Brussels.
6:50 [Press TV] (E)
The spokesman for Iran`s Foreign Ministry says despite all acts of sabotage by the United States, the Iranian tanker Adrian Darya 1 has discharged its oil cargo and is now berthing at a Mediterranean port.