Romania’s Oil Terminal signs $8.6mn service deal with Oscar Downstream
» Romania’s Oil Terminal signs $8.6mn service…
Romanian oil and gas company Oil Terminal has signed a service deal with Bucharest-based independent oil firm Oscar Downstream, reports See News.
Under the $8.6-million contract, Oil Terminal will provide fuel discharging and loading services to Oscar Downstream.
Oscar Downstream is the biggest independent oil company and fuel distributor in Romania, offering wholesale diesel distribution, in-house fuelling service, and diesel fuel distribution.
Oil Terminal, meanwhile, operates one of the largest terminals in Southeastern Europe. Located near the Black Sea, its facilities specialize in crude oil, petroleum, and liquid chemicals.
Oltchim, one of the largest chemical companies in Romania and Southeastern Europe, has also sought Oil Terminal’s services under a separate deal.
Gazprom neft has exported almost 2 m barrels of oil to the USA
Gazprom neft Badra is the operating company at Badra production site (Iraq). The company has carried out one of the largest shipments throughout its entire history. Oil export was directed to the USA. The shipment volume totalled 1 780 000 barrels. The cargo was exported by New Solution tanker. It is noteworthy that the company…
Oil transit via Baku-Tbilisi-Ceyhan will exceed 31m t in 2021
The Government of Azerbaijan predicts a 1.6% increase in oil transit via BTC in 2021 in comparison to 2017. According to the forecasts, a total of 30.5m t of oil will be pumped over the main in 2018, with the amount to reach 32.2 mtpa in 2019 and 2020. As reported earlier, the BTC transit…
Russia Struggling To Expand Arctic Oil Production
Oil production from Russia’s Arctic region increased in 2017 as new onshore developments and the only offshore producing platform ramped up production. But challenges in Russia’s arctic remain. Last year, production from onshore fields in Yamal-Nenets autonomous region in northern Russia contributed the most to the rise in oil production in the Arctic. Output from…