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Hormuz
LNG
Japan Gas Association Expects Lng Prices to Rise, Tracking Oil, if Strait of Hormuz Blocked
Japan Gas Association members anticipate limited impact on their liquefied natural gas (LNG) procurement in the event of a blockade in the Strait of Hormuz, but…
Crude Oil
Oman's Ras Markaz Crude Storage Outside Strait of Hormuz to Come Onstream Q2
Infrastructure to store crude at Ras Markaz in Duqm on the southern coast of Oman is already complete, Salim al-Hashmi
Crude Oil
Iran Opens New Oil Terminal in Bid to Bypass Crucial Strait of Hormuz for Exports
Iran on Thursday opened its first oil terminal in the Gulf of Oman, a move aimed at making Iranian President Hassan Rouhani’s regime less dependent on the Stra…
Oil & Gas Trade
Iran Preps New Oil Export Terminal Beyond Strait of Hormuz
Iran said it will soon export oil from a new port that allows it to bypass the Strait of Hormuz, as nuclear talks between Tehran and other world powers show sig…
Thermal Plant
Russia to Finance and Build 1.4GW Power Station in Southern Iran
Russia has signed a new agreement with Iran, worth €1.4bn, to build a 1.4GW thermal power plant near the Strait of Hormuz, restarting a project that was first …
Iran
Strait of Hormuz: The World's Most Important Oil Artery
Iran's Revolutionary Guards Corps seized a South Korean-flagged tanker in Gulf waters and detained its crew, amid tensions between Tehran and Seoul over Iranian…
South Korea
Iran Seizes UAE-Bound Chemical Tanker
Iran has seized a UAE-bound chemical tanker in the strait of Hormuz, further stoking already heightened tensions in the Mideast Gulf.
Oil & Gas Trade
Iran Opens Navy Base At World’s Most Crucial Oil Chokepoint
The Islamic Revolution Guards Corps of Iran opened this week a new naval base in a coastal town along the world’s most important oil chokepoint, the Strait of …
Oil & Gas Trade
Iran Works to Reroute Oil Exports Away from Strait of Hormuz
The oil terminal project would allow Iranian tankers to bypass the Strait of Hormuz and load their oil cargoes at the Jask port terminal, east of the strait.
Oil & Gas Trade
BP Said "Certainly Not Sending British Ships and Crews" Through the Strait of Hormuz
BP plc, the British oil giant that had to shelter one of its tankers in the Persian Gulf this month in fear it could be targeted by Iranian forces, is avoiding …
Oil & Gas Trade
Saudi Arabia is Looking to Raise the Capacity of its East-West Oil Pipeline to 7 Million Bpd
Saudi Arabia, the world’s top crude oil exporter and the largest oil producer in OPEC, is one of the few oil producers in the Middle East that have some altern…
Oil and Gas Equipment
Saudi Aramco will Reducing Reliance on Hormuz by Finishing Pipeline Expansion
Saudi Aramco expects to complete the expansion of an oil pipeline that runs east-west across the country by September, increasing the amount the kingdom can shi…
Oil & Gas Trade
Iran Foreign Minister Said Iran will Use its Best Efforts to Secure the Strait of Hormuz
Iran will secure the Strait of Hormuz and not allow any disturbance in shipping in the key oil transport waterway, Iranian Deputy Foreign Minister Abbas Araqchi…
Oil & Gas Trade
The International Energy Agency is Closely Monitoring Developments in the Strait of Hormuz
The International Energy Agency is closely monitoring developments in the Strait of Hormuz, including the recent seizure of a UK-flagged oil tanker, and stands …
Oil & Gas Trade
Japan will Continue Importing Crude Oil from the Middle East
Japan will continue importing crude oil from the Middle East despite escalating tensions in the Strait of Hormuz, but will also make efforts to diversify supply…
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