oil pipelines

Asian refiners brace for supply crunch as Aramco stays silent on pipeline repairs

Asian refiners are bracing for tighter sour crude supplies after Saudi Arabia shut its East-West oil pipeline following drone attacks on Friday, with at least four processors still waiting for official word from the kingdom on whether loadings at the…

Kuwait signs $16B pipeline deal with Blackstone, KKR, Brookfield

Kuwait Petroleum Corporation announced on Saturday that it has signed a $16 billion lease-and-leaseback deal for its crude oil pipeline network with a consortium of Blackstone, KKR, and Brookfield, in what the state-owned company called the largest foreign direct investment…

Iraq, Syria sign US-backed deal to revive oil pipeline bypassing Hormuz

Iraq and Syria signed a memorandum of understanding in Washington on Friday to rehabilitate the long-defunct Kirkuk-Baniyas crude oil pipeline, a US-brokered agreement aimed at creating an export route that bypasses the Strait of Hormuz amid the ongoing US-Iran conflict.