Crude imports from Iran to South Korea jump in the month of June
Crude imports from Iran to South Korea have jumped nearly 115% since last month compared with a month earlier, new figures show.
exports
Entier and Balmoral in top 200 UK firms for international sales
Five north of Scotland private businesses are among the Top 200 UK firms for international sales growth. Westhill-based catering firm Entier was the best placed of those five, jumping 40 places to 43rd. It is the third consecutive year Entier has made it onto the HSBC International Track 200 league table, which was published yesterday.
Iran to raise its oil exports to more than 1.6billion bpd
Iran said it expects to raise its oil exports this month to around 1.65million barrels per day on the back of higher crude shipments to Europe.
Export success down to urgency and passion
Aberdeen entrepreneurs need to show a sense of urgency and passion if they want to make exporting work for their companies, local businessmen said yesterday. Peter Moon, an account manager at oil and gas software firm Tracker, which has only been in the export market for a year, said he wished the firm had gotten in on the act earlier. Mr Moon, whose company is targeting Middle Eastern clients, said: “We’ve taken a target-driven approach to exporting. Exporting seems a long way off to some people. You can make a two to three year programme but if you think like that, then in two years you will still just be talking about exporting.
Ewing urges operators to make more of “world beating” supply chain
Oil and gas companies can help secure a bright future for the north-east by making better use of its “world-beating” supply chain, Energy Minister Fergus Ewing said yesterday. Mr Ewing co-chairs the Oil and Gas Industry Leadership Group (ILG), which is targeting total sales from the domestic supply chain of £30billion by 2020, despite the oil price collapse. But he said operators were guilty of squandering talent which is right under their noses.
Enterprise Products wins first contract to export US crude
Enterprise Products Partners has won its first contract to export US crude, days after the US congress lifted a 40 year old ban on oil exports.
Ukraine’s PM calls for halt on Nord Stream II pipeline project
The Prime Minister of Ukraine has called for the European Union to block the Nord Steam II gas pipeline project, according to reports. The leader said it would hurt his country and also potentially provide Russia with more of a monopoly over gas supplies in the region.
Opinion: Oil will make or break the Buhari Presidency in Nigeria
President Muhammadu Buhari’s decision to control Nigeria’s oil industry emphasises the significance that the sector has for the country.
Russia warns of recession amidst falling oil exports and sanctions
The Russian government has acknowledged that the country will fall into recession next year, battered by the combination of Western sanctions and a plunge in the price of its oil exports. The news caused the stock market to drop and pushed the ruble to a fresh record low against the dollar. The economic development ministry today revised its GDP forecast for 2015 from growth of 1.2% to a drop of 0.8%. Russian households are expected to take hit, with disposable income seen declining by 2.8% against the previously expected 0.4% growth.