A new Iranian oil terminal that opened this week is a strategic move that enables the major crude exporter to bypass a global chokepoint and boost sales if punishing US sanctions are lifted, analysts say.
Another official at Aden port said the vessel had been moored since 2014 at Al-Bariqah, west of the main port, and had held stores of diesel.
There are 8,000 companies based at the Jebel Ali Free Zone (Jafza), which contributed 23 per cent of Dubai’s gross domestic product last year. It is the Middle East’s largest trade zone.
India has been developing a part of the port on Iran’s south-eastern coast along the Gulf of Oman as a way to transport goods to Iran, but also Afghanistan and central Asian countries, and avoiding rival Pakistan.
Dubai-based logistics and maritime services giant DP World (Dubai Ports World) has signed a collaboration agreement with Israel Shipyards Ltd., controlled by Shlomi Fogel, Sami Katsav, the Schmeltzer family and the Gold Bond Group (itself controlled by Fogel and the Schmeltzer family),
Selling a port of strategic importance to US companies, coupled with the availability of the facility for US and NATO troops, is raising many questions in Greece. The Mediterranean country remains only one in two countries surveyed in NATO where the civilian population is not in favor of the alliance and only 36% of Greeks view the US favorably
In a statement to Reuters on Saturday, Salame said that if the matter is not resolved today, it will be discussed on Sunday in the Berlin summit.
Libya’s national oil company has declared a “state of emergency” after exports of its oil from the ports in the eastern part of the country were blocked by forces loyal to the Libyan National Army’s General Khalifa Haftar.
The Petroleum Facilities Guard – a militia that controls major export terminals in eastern Libya – has ordered local subsidiaries of the National Oil Corporation (NOC), who run them, to cease all operations, the firm said in a statement.
Experts confirm that the attack was a well-planned operation. Pipes are at a depth of dozens meters underwater. Such a difficult mining mission can be completed only by trained and well-equipped specs. This fact excludes the operating of the irregular militants.
(24.06.2019) The network carries crude oil from the coast to tankers at the port of Banias. The port city houses one of Syria’s two refineries. The other is located in Homs, in central Syria.
Last month U.S.-led forces blew up three oil tankers in Syria in the latest push against the Syrian government which is fighting rebel groups in their last remaining stronghold in Syria, in Idlib.
Syria is heavily dependent on crude oil imports through the Mediterranean, with a lot of the oil coming from Iran.
Analysis of oil tanker numbers at North Korea’s Nampho oil terminal compiled from over two and half years of satellite imagery shows continued and sustained activity at the site, despite strict UN sanctions restricting oil flows passed at the end of 2017.
The collection of over 300 images, taken at regular intervals between January 2017 and July 2019 by Planet Labs satellites, overall show an expanding oil loading facility growing to meet continual activity.
An oil tanker damaged in a bombing that was blamed on Iran is back in business. The ship’s first destination: Iran.
The Andrea Victory is sailing in the northern Persian Gulf and signaling Iran’s Bandar Imam Khomeini as a destination, according to ship tracking data compiled by Bloomberg. The data show the vessel, which was attacked off the coast of the United Arab Emirates in May, is full and transporting fuel to Iran.
There may be a serious diplomatic storm brewing over the Arabian Gulf waters but it’s business as usual on the creek-side wharf next to the bustling Baniyas Street in Deira Dubai from where scores of motorboats ferry tonnes of commodities every day to Iran and back every week.
The United States clinched a strategic port deal with Oman last week which US officials say will allow the US military better access the Gulf region and reduce the need to send ships through the Strait of Hormuz, a maritime choke point off Iran.
The US embassy in Oman said in a statement that the agreement governed U.S. access to facilities and ports in Duqm as well as in Salalah and “reaffirms the commitment of both countries to promoting mutual security goals.”
“The crucial matter, which must give a positive dynamic for the development, is the matter of the use of the port of Tartus. The [Syria] trip has strengthened all former agreements. We have made significant progress on this question and we are hoping that the agreement will be signed within a week and that the port of Tartous will be in use by Russian businesses”, Borisov noted.
ADC is an international consortium comprising TBC Holding, Conti International, SSA Marine, Wondernet Express and G-Star.
Saudi Arabia plans to set up a $10 billion oil refinery in Pakistan’s deepwater port of Gwadar, the Saudi energy minister said on Saturday, speaking at the Indian Ocean port that is being developed with the help of China.
The port can handle seven ships at once, but the WFP says that as of Monday, only a single ship was present. The WFP estimates two months of food left in Yemen, which grows almost no food of its own.