Deputy EIC, Commodities & Energy, Asia, Singapore
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Jul 14, 2010

Sanctions tighten pressure on Iran’s oil industry

DUBAI (Reuters) – A new round of U.S. and European sanctions targets Iran’s dilapidated oil sector from top to bottom, making it even more difficult to maintain output capacity and domestic supplies of fuel.

The United States, seeking to halt Tehran’s nuclear enrichment activities, passed unilateral sanctions earlier this month that for the first time allow it to punish the U.S. operations of international firms who supply fuel to Iran.

Jul 8, 2010

Iran relies on friendly powers for fuel supplies

DUBAI (Reuters) – Iran is depending more on friendly powers in the international arena for fuel supplies after the U.S. passed far-reaching sanctions a week ago that aim to hinder Tehran’s fuel imports and deepen its international isolation.

The Islamic Republic is buying around half of its July gasoline imports from Turkey and the rest from Chinese sellers, oil traders said on Thursday, as most other suppliers have stopped selling due to the U.S. sanctions.

Jul 8, 2010

Iran buys gasoline from Turkey, Chinese sellers

DUBAI, July 8 (Reuters) – Iran is buying around half of its
gasoline imports from Turkey and the rest from Chinese sellers,
oil traders said on Thursday, as most other suppliers have
stopped selling due to U.S. sanctions.

Iran is depending more on those that support it in the
international arena for fuel supplies after U.S. President
Barack Obama signed into law far-reaching sanctions a week ago
that aim to hinder Tehran’s fuel imports and deepen its
international isolation.

Jun 23, 2010

UAE wants Shell for Shah after Conoco exit-sources

DUBAI, June 23 (Reuters) – The United Arab Emirates’ would
like Royal Dutch Shell (RDSa.L: Quote, Profile, Research) to step in as its partner at the
$10 billion Shah gas project after U.S. major ConocoPhillips
(COP.N: Quote, Profile, Research) withdrew, industry sources in the UAE said on Wednesday.

Agreeing terms would be the biggest issue in coaxing Shell
into taking on the project to produce sour gas in the UAE, the
world’s third-largest oil exporter, sources said.

Jun 20, 2010

Oman Oil Co eyes Oman oil, gas block as BG exits

MUSCAT/DUBAI, June 20 (Reuters) – State-run Oman Oil Company
(OOC) is in talks with Oman’s Ministry of Oil and Gas to take on
an exploration block ceded by Britain’s BG Group (BG.L: Quote, Profile, Research), a
senior Omani oil official said on Sunday.

Like most of its Gulf neighbours, Oman is short of the gas
it needs to meet rapidly rising demand for industry and power.
Across the region, governments have embarked on exploiting
unconventional gas reserves, such as Oman’s tight gas.

Jun 11, 2010

Analysis: Oil firms ignore politics to deploy in Iraq’s south

DUBAI (Reuters) – Rumaila, the workhorse of Iraq’s oil industry and its largest producing oilfield, is buzzing with activity as executives, engineers and drillers begin a massive overhaul to nearly triple its million barrels per day output.

At the airport in Basra, capital of southern Iraq, officials struggle to process the unprecedented numbers arriving to join the country’s nascent oil boom.

Jun 5, 2010

Russia’s Rosneft eyes MidEast after UAE gas deal

DUBAI (Reuters) – The Kremlin’s oil arm aims to expand its presence in the Middle East, including Iraq, after signing up to a ground-breaking gas project with a United Arab Emirates energy firm, Russia’s top energy official said.

Rosneft will join Crescent Petroleum in a gas concession in the emirate of Sharjah, Crescent said on Saturday, in the first Middle Eastern foray for the Russian firm

Jun 5, 2010

Russia’s Rosneft joins Crescent in UAE gas venture

DUBAI, June 5 (Reuters) – Russia’s Rosneft (ROSN.MM: Quote, Profile, Research) will
join the United Arab Emirate’s Crescent Petroleum in a gas
concession in the emirate of Sharjah, Crescent said on
Saturday, the first Middle East foray for the Kremlin’s oil
arm.

State-run Rosneft pumps over a fifth of Russia’s oil and is
the largest oil company in the world’s top crude producer.
Crescent is a privately-held energy firm based in Sharjah, in
the north of the UAE.

Jun 5, 2010

Russia’s Sechin sees tighter rules after BP oil spill

DUBAI (Reuters) – Russia’s top energy official said on Saturday he expects Russia to have stricter rules for offshore oil and gas drilling after BP’s oil spill.

“From our side, we will have stricter requirements for ecological safety,” Deputy Prime Minister Igor Sechin told reporters on a visit to the United Arab Emirates.

May 26, 2010

BP to start early Oman tight gas output in Aug

MUSCAT, May 26 (Reuters) – Oil major BP <BP.L> will start
early production from tight gas fields in Oman in August, a
senior Omani energy official said on Wednesday.

BP signed a concession in 2007 to develop the tight gas,
which is in complex formations that are difficult to exploit. It
aims to pump gas from appraisal wells to the Omani grid, which
is short of gas to meet the demands of power and industry.

    • About Simon

      "I am the deputy editor for commodities and energy news in Asia. I help drive our coverage throughout the region from the Singapore C&E desk. Until mid-2010, I was the Senior Energy Correspondent in the Middle East, based in Dubai. I have also covered oil markets for Reuters in London."
      Joined Reuters:
      2004
      Languages:
      English, Spanish
      Awards:
      Reuters C&E Journalist of the Year 2009
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