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Iran’s June crude oil exports steady at 2 mn bpd

Reuters Iran’s crude oil exports were flat in June at just over 2 million barrels per day and production at 3.610 million bpd was steady from the previous month, official data showed. Tallies for both exports and production show a rise since January, when Tehran set about recouping market share lost under international sanctions that were mostly lifted at the ...

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Iraq to raise flows on Turkey pipeline to 150k, bpd next week

  Reuters Iraq plans to double the volume of crude it pumps via a pipeline to Turkey to its normal rate of 150,000 barrels per day (bpd) next week, an official at state-run North Oil Company said . The company, which reports to the oil ministry in Baghdad, on Thursday resumed pumping oil from fields it operates in Kirkuk via ...

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Saudi to let foreign institutions buy shares in IPOs

  Reuters Saudi Arabia will permit foreign institutional investors to buy shares directly in initial public offers, a move that could help the government sell billions of dollars’ worth of stakes in state companies including oil giant Saudi Aramco. New rules published by the Capital Market Authority on Thursday, taking effect at the start of next year, list qualified foreign ...

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