|
|
|
|
|
|
|
30.09.26 - 00:30
|
UAE′s Next $25 Billion Bet On India Includes Energy Sector (ZeroHedge)
|
|
|
UAE's Next $25 Billion Bet On India Includes Energy Sector
Authored by Tsvetana Paraskova via OilPrice.com,
The United Arab Emirates has expressed intent to invest another $25 billion in India, including in the energy sector, Indian Commerce and Industry Minister Piyush Goyal said at a high-level meeting in Mumbai.
The UAE has already invested about $25 billion in India and has signaled its intent to invest another $25 billion in the near term, the Indian minister said at the 14th Meeting of the India-UAE High Level Joint Task Force on Investments.
The UAE ultimately targets to have $100 billion invested in India in the long term, according to the minister.
The UAE-India meeting was co-chaired by Sheikh Hamed bin Zayed Al Nahyan, managing director of Abu Dhabi Investment Authority (ADIA), and was attended by Thani bin Al Zeyoudi, the Emirati Minister of Foreign Trade.
The Indian minister noted that he held "productive discussions on further strengthening our robust trade & investment partners...
|
|
|
|
|
|
|
05.09.26 - 01:33
|
Asian Oil Buying Spree Sends Dubai Crude Toward $100 (ZeroHedge)
|
|
|
Asian Oil Buying Spree Sends Dubai Crude Toward $100
Authored by Irina Slav via OilPrice.com,
Stronger appetite for Middle Eastern crude grades from China and India has added upward pressure on prices for these grades, pushing the Dubai futures close to $100 per barrel, Bloomberg reported today, citing unnamed traders.
Demand for Middle Eastern oil is especially strong from refining majors such as Indian Oil Corp. and PetroChina, as well as refiners in South Korea and Japan, the report said. This is despite the latest escalation between the United States and Iran, with Saudi Arabia's oil exports dropping to the lowest since 2017, according to data from ship-trackers including Kpler and Vortexa.
A further price rally may well be on the table as some cargoes face delays from August to September and October, Bloomberg also noted. At the time of writing, Murban futures, the UAE benchmark, was trading at $106.10 per barrel, and DME Oman, the Middle East sour crude benchmark for Asia, was trading a...
|
|
|
|
|
|
|
21.08.26 - 01:21
|
ADNOC Issues Ninth Spot Crude Tender Since June As UAE Boosts Oil Exports (ZeroHedge)
|
|
|
ADNOC Issues Ninth Spot Crude Tender Since June As UAE Boosts Oil Exports
Submitted by Tsvetana Paraskova of OilPrice.com
Abu Dhabi National Oil Company (ADNOC) has just issued its ninth spot tender offering crude oil to buyers for October and November loadings, as the United Arab Emirates (UAE) continues to push its oil production and exports higher despite the Hormuz crisis.
The UAE's national oil company is offering Upper Zakum, Umm Lulu, and Das crude grades pumped at fields inside the Persian Gulf in its ninth spot tender since June, sources in the trade industry told Reuters on Thursday.
In the previous eight spot tenders this summer, ADNOC is estimated to have sold more than 100 million barrels of crude to buyers.
As in the previous tenders, the ninth spot tender offers buyers the opportunity to buy cargoes on a free-on-board basis at UAE's Fujairah Storage, Zirku, or Das Island, or arrange ship-to-ship (STS) transfers at the Fujairah-Sohar range outside the Strait of Hormuz, accordin...
|
|
|
|
|
|
|
|
|
|
|
08.08.26 - 22:24
|
How The UAE Has Kept Its Oil Flowing Through Hormuz (ZeroHedge)
|
|
|
How The UAE Has Kept Its Oil Flowing Through Hormuz
By Tsvetana Paraskova of OilPrice.com
The United Arab Emirates has managed to boost its oil exports to pre-crisis levels as early as June, as it has kept pushing crude through the Strait of Hormuz and outside it.
The UAE, which left OPEC on May 1, has found workarounds to the blockage at the Strait of Hormuz. It has been shuttling crude through the chokepoint to load it on larger vessels outside the Strait, maximizing the use of its onshore pipeline to ship crude from the west to the east of the country, bypassing Hormuz, and shipping tankers through the Strait in dark mode.
The UAE has managed to ship over June and July the most crude oil out of the Strait of Hormuz than any other Gulf producer, according to vessel-tracking data compiled by Bloomberg.
The UAE has also issued an unprecedented number of tenders to sell cargoes of millions of barrels of crude oil in recent weeks.
At the end of July, Abu Dhabi National Oil Company ADNOC is...
|
|
|
|
|
22.07.26 - 18:12
|
ADNOC Approves $6.2 Billion Gas Project In Abu Dhabi (ZeroHedge)
|
|
|
ADNOC Approves $6.2 Billion Gas Project In Abu Dhabi
Authored by Tsvetana Paraskova via OilPrice.com,
Abu Dhabi's national oil company ADNOC just announced a $6.2 billion final investment decision to develop the Umm Shaif Gas Cap project in Abu Dhabi as part of its strategy to grow its global gas portfolio.
ADNOC will develop the project alongside its international partners - France's TotalEnergies, Italy's Eni, and China National Petroleum Corporation (CNPC).
The final investment decision (FID) includes three engineering, procurement, and construction (EPC) packages totaling $5.1 billion for large-scale offshore infrastructure awarded by ADNOC to consortiums including major UAE and international contractors. The development also includes a $365 million 14-well drilling and integrated drilling services program to be delivered by ADNOC Drilling over 18 months using three existing rigs.
The green light for the development of Umm Shaif Gas Cap follows last month's agreement in which ADNOC l...
|
|
|
|
|
|
|
|
|
|